Wall Street brokerages predict that International Business Machines Corporation (NYSE:IBM) will announce earnings of $5.17 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for International Business Machines Corporation’s earnings, with estimates ranging from $5.11 to $5.23. International Business Machines Corporation reported earnings per share of $5.01 during the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The company is expected to announce its next earnings report on Thursday, January 18th.

On average, analysts expect that International Business Machines Corporation will report full year earnings of $13.79 per share for the current fiscal year, with EPS estimates ranging from $13.65 to $13.84. For the next financial year, analysts forecast that the firm will post earnings of $13.91 per share, with EPS estimates ranging from $13.60 to $14.31. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow International Business Machines Corporation.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines Corporation’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $3.29 EPS.

Several analysts recently weighed in on IBM shares. UBS Group AG (USA) reiterated a “hold” rating and issued a $152.00 target price on shares of International Business Machines Corporation in a report on Tuesday, September 5th. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Morgan Stanley reissued an “overweight” rating and issued a $192.00 price target on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price target for the company in a research report on Monday, July 31st. Finally, Drexel Hamilton reissued a “buy” rating and issued a $200.00 price target on shares of International Business Machines Corporation in a research report on Tuesday, July 18th. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the stock. International Business Machines Corporation currently has a consensus rating of “Hold” and a consensus price target of $158.90.

Shares of International Business Machines Corporation (NYSE:IBM) opened at $151.58 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The company has a market cap of $141.97 billion, a P/E ratio of 11.23, a PEG ratio of 2.25 and a beta of 0.94.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines Corporation’s payout ratio is 50.13%.

International Business Machines Corporation declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 31st that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Herndon Capital Management LLC lifted its stake in shares of International Business Machines Corporation by 39.0% during the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares during the period. Edge Wealth Management LLC lifted its stake in shares of International Business Machines Corporation by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after buying an additional 40 shares during the period. ETF Managers Group LLC purchased a new position in shares of International Business Machines Corporation during the second quarter valued at approximately $121,000. Peddock Capital Advisors LLC lifted its stake in shares of International Business Machines Corporation by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after buying an additional 62 shares during the period. Finally, Horan Securities Inc. lifted its stake in shares of International Business Machines Corporation by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after buying an additional 837 shares during the period. 57.88% of the stock is currently owned by institutional investors and hedge funds.

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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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