Analysts Anticipate IBM (IBM) to Announce $3.40 EPS

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Equities research analysts expect IBM (NYSE:IBM) to announce earnings per share (EPS) of $3.40 for the current quarter, Zacks reports. Six analysts have provided estimates for IBM’s earnings, with estimates ranging from $3.31 to $3.51. IBM reported earnings of $3.30 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 3%. The business is scheduled to announce its next earnings results after the market closes on Tuesday, October 16th.

According to Zacks, analysts expect that IBM will report full year earnings of $13.82 per share for the current financial year, with EPS estimates ranging from $13.78 to $13.90. For the next financial year, analysts forecast that the business will report earnings of $14.09 per share, with EPS estimates ranging from $13.50 to $15.07. Zacks’ EPS averages are a mean average based on a survey of analysts that cover IBM.

IBM (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 18th. The technology company reported $3.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.04 by $0.04. IBM had a net margin of 7.13% and a return on equity of 69.84%. The company had revenue of $20 billion during the quarter, compared to analyst estimates of $19.85 billion. During the same quarter last year, the firm posted $2.94 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis.

Several equities analysts have recently weighed in on IBM shares. Nomura started coverage on shares of IBM in a research report on Wednesday, June 27th. They set a “buy” rating and a $160.00 price objective for the company. Stifel Nicolaus reduced their price objective on shares of IBM from $182.00 to $178.00 and set a “buy” rating for the company in a research report on Thursday, July 19th. BMO Capital Markets reduced their price objective on shares of IBM from $175.00 to $172.00 and set a “$149.24” rating for the company in a research report on Thursday, July 19th. JPMorgan Chase & Co. restated a “$149.24” rating and set a $157.00 price objective on shares of IBM in a research report on Thursday, July 19th. Finally, Societe Generale set a $149.00 price objective on shares of IBM and gave the company a “sell” rating in a research report on Thursday, July 19th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $168.45.

Shares of NYSE:IBM traded up $0.22 during trading hours on Monday, hitting $141.07. 226,150 shares of the company’s stock traded hands, compared to its average volume of 4,850,116. IBM has a 52 week low of $137.45 and a 52 week high of $171.13. The company has a current ratio of 1.32, a quick ratio of 1.27 and a debt-to-equity ratio of 2.03. The firm has a market cap of $138.02 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 2.20 and a beta of 0.87.

In other IBM news, insider Diane J. Gherson sold 11,451 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $145.42, for a total value of $1,665,204.42. Following the completion of the transaction, the insider now directly owns 19,114 shares in the company, valued at $2,779,557.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Berkshire Asset Management LLC PA boosted its holdings in shares of IBM by 2.4% during the third quarter. Berkshire Asset Management LLC PA now owns 20,690 shares of the technology company’s stock worth $3,129,000 after purchasing an additional 481 shares during the period. Grassi Investment Management raised its position in IBM by 2.0% during the second quarter. Grassi Investment Management now owns 49,795 shares of the technology company’s stock valued at $6,956,000 after acquiring an additional 965 shares in the last quarter. Viking Fund Management LLC raised its position in IBM by 3.8% during the third quarter. Viking Fund Management LLC now owns 27,000 shares of the technology company’s stock valued at $4,083,000 after acquiring an additional 1,000 shares in the last quarter. Adalta Capital Management LLC bought a new position in IBM during the first quarter valued at approximately $230,000. Finally, Sentinel Trust Co. LBA raised its position in IBM by 5.4% during the first quarter. Sentinel Trust Co. LBA now owns 30,632 shares of the technology company’s stock valued at $4,700,000 after acquiring an additional 1,574 shares in the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

IBM Company Profile

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.

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Earnings History and Estimates for IBM (NYSE:IBM)

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