International Business Machines Corporation (NYSE:IBM) – Research analysts at KeyCorp increased their FY2017 earnings per share estimates for shares of International Business Machines Corporation in a report released on Tuesday. KeyCorp analyst A. Ramnani now anticipates that the technology company will post earnings per share of $13.76 for the year, up from their prior forecast of $13.73. KeyCorp also issued estimates for International Business Machines Corporation’s Q4 2017 earnings at $5.11 EPS, Q1 2018 earnings at $1.81 EPS, Q3 2018 earnings at $3.52 EPS, Q4 2018 earnings at $5.48 EPS and FY2018 earnings at $13.82 EPS.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The company had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same period in the previous year, the company posted $3.29 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: “KeyCorp Comments on International Business Machines Corporation’s FY2017 Earnings (IBM)” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/10/20/keycorp-comments-on-international-business-machines-corporations-fy2017-earnings-ibm.html.

Several other brokerages have also recently issued reports on IBM. Vetr cut International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $160.68 target price on the stock. in a report on Thursday. Berenberg Bank set a $125.00 target price on International Business Machines Corporation and gave the stock a “sell” rating in a report on Wednesday. Guggenheim reaffirmed a “hold” rating on shares of International Business Machines Corporation in a report on Friday, July 14th. Standpoint Research raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research raised International Business Machines Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Eight equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. International Business Machines Corporation presently has a consensus rating of “Hold” and an average target price of $157.90.

International Business Machines Corporation (NYSE:IBM) traded down 0.66% during mid-day trading on Friday, hitting $159.84. The company had a trading volume of 1,411,076 shares. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The company has a market capitalization of $148.96 billion, a price-to-earnings ratio of 13.27 and a beta of 0.95. The firm’s 50 day moving average is $146.43 and its 200 day moving average is $151.43.

A number of hedge funds have recently added to or reduced their stakes in IBM. Herndon Capital Management LLC lifted its holdings in shares of International Business Machines Corporation by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after purchasing an additional 195 shares in the last quarter. Edge Wealth Management LLC lifted its holdings in shares of International Business Machines Corporation by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after purchasing an additional 40 shares in the last quarter. ETF Managers Group LLC purchased a new stake in shares of International Business Machines Corporation in the second quarter valued at about $121,000. Peddock Capital Advisors LLC lifted its holdings in shares of International Business Machines Corporation by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after purchasing an additional 62 shares in the last quarter. Finally, Horan Securities Inc. lifted its holdings in shares of International Business Machines Corporation by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after purchasing an additional 837 shares in the last quarter. 57.84% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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