Equities research analysts expect that International Business Machines Corporation (NYSE:IBM) will announce $3.28 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for International Business Machines Corporation’s earnings, with the lowest EPS estimate coming in at $3.25 and the highest estimate coming in at $3.33. International Business Machines Corporation posted earnings per share of $3.29 during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.3%. The business is scheduled to issue its next earnings results on Monday, October 16th.

On average, analysts expect that International Business Machines Corporation will report full year earnings of $13.78 per share for the current year, with EPS estimates ranging from $13.65 to $13.85. For the next financial year, analysts expect that the firm will post earnings of $13.89 per share, with EPS estimates ranging from $13.49 to $14.42. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for International Business Machines Corporation.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.23. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.95 earnings per share.

A number of equities research analysts have recently weighed in on IBM shares. Jefferies Group LLC set a $135.00 target price on International Business Machines Corporation and gave the company a “sell” rating in a research note on Friday, May 19th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research note on Friday, July 21st. Vetr raised International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price target for the company in a research report on Monday, July 3rd. BidaskClub raised International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a $110.00 price target (down previously from $125.00) on shares of International Business Machines Corporation in a research report on Monday, July 17th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $157.12.

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Shares of International Business Machines Corporation (IBM) opened at 142.90 on Friday. The firm has a market cap of $133.17 billion, a PE ratio of 11.86 and a beta of 0.97. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The stock has a 50 day moving average price of $143.42 and a 200 day moving average price of $157.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be given a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $6.00 annualized dividend and a yield of 4.20%. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

Hedge funds have recently added to or reduced their stakes in the stock. Herndon Capital Management LLC lifted its position in International Business Machines Corporation by 39.0% in the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after acquiring an additional 195 shares in the last quarter. Edge Wealth Management LLC lifted its position in International Business Machines Corporation by 5.6% in the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares in the last quarter. ETF Managers Group LLC bought a new position in International Business Machines Corporation in the 2nd quarter valued at approximately $121,000. Peddock Capital Advisors LLC lifted its position in International Business Machines Corporation by 7.3% in the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after acquiring an additional 62 shares in the last quarter. Finally, Horan Securities Inc. lifted its position in International Business Machines Corporation by 845.5% in the 2nd quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after acquiring an additional 837 shares in the last quarter. 57.94% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Corporation Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Earnings History and Estimates for International Business Machines Corporation (NYSE:IBM)

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