Analysts Anticipate IBM (NYSE:IBM) to Announce $4.68 Earnings Per Share

Brokerages expect IBM (NYSE:IBM) to post earnings of $4.68 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for IBM’s earnings. The lowest EPS estimate is $4.64 and the highest is $4.71. IBM posted earnings per share of $4.87 during the same quarter last year, which would suggest a negative year over year growth rate of 3.9%. The business is scheduled to announce its next earnings report on Tuesday, January 28th.

According to Zacks, analysts expect that IBM will report full year earnings of $12.80 per share for the current fiscal year, with EPS estimates ranging from $12.76 to $12.81. For the next fiscal year, analysts expect that the company will report earnings of $13.19 per share, with EPS estimates ranging from $12.89 to $13.37. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover IBM.

IBM (NYSE:IBM) last posted its earnings results on Wednesday, October 16th. The technology company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.01. The firm had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.29 billion. IBM had a return on equity of 67.12% and a net margin of 10.00%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.42 earnings per share.

A number of equities research analysts recently issued reports on IBM shares. Credit Suisse Group reiterated a “buy” rating and issued a $173.00 price objective on shares of IBM in a research report on Friday, July 19th. Morgan Stanley started coverage on IBM in a research report on Thursday, August 1st. They issued an “overweight” rating and a $170.00 price objective on the stock. KeyCorp reiterated a “hold” rating on shares of IBM in a research report on Monday, August 26th. Wedbush reiterated a “neutral” rating and issued a $155.00 price objective (down previously from $165.00) on shares of IBM in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $152.00 price objective on shares of IBM in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. IBM presently has a consensus rating of “Hold” and a consensus target price of $154.38.

Several hedge funds have recently added to or reduced their stakes in the company. Portland Global Advisors LLC lifted its holdings in shares of IBM by 0.3% during the third quarter. Portland Global Advisors LLC now owns 27,330 shares of the technology company’s stock valued at $3,974,000 after purchasing an additional 75 shares during the last quarter. Arbor Investment Advisors LLC lifted its holdings in shares of IBM by 71.2% during the third quarter. Arbor Investment Advisors LLC now owns 3,685 shares of the technology company’s stock valued at $536,000 after purchasing an additional 1,532 shares during the last quarter. Excalibur Management Corp lifted its holdings in shares of IBM by 8.7% during the third quarter. Excalibur Management Corp now owns 9,018 shares of the technology company’s stock valued at $1,311,000 after purchasing an additional 720 shares during the last quarter. Iowa State Bank purchased a new position in shares of IBM during the third quarter valued at approximately $767,000. Finally, Atlantic Union Bankshares Corp lifted its holdings in shares of IBM by 2.2% during the third quarter. Atlantic Union Bankshares Corp now owns 36,435 shares of the technology company’s stock valued at $5,298,000 after purchasing an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 55.44% of the company’s stock.

Shares of NYSE:IBM traded up $0.42 during trading on Friday, hitting $134.38. 3,610,883 shares of the company were exchanged, compared to its average volume of 3,870,705. The company has a market cap of $117.45 billion, a PE ratio of 9.73, a P/E/G ratio of 2.07 and a beta of 1.33. The stock has a 50 day moving average of $140.87 and a 200 day moving average of $139.16. IBM has a 52-week low of $105.94 and a 52-week high of $152.95. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.09 and a quick ratio of 1.04.

About IBM

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.

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