Analysts forecast that International Business Machines Corporation (NYSE:IBM) will announce sales of $21.95 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for International Business Machines’ earnings, with the lowest sales estimate coming in at $21.77 billion and the highest estimate coming in at $22.01 billion. International Business Machines reported sales of $21.77 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 0.8%. The business is expected to announce its next quarterly earnings report on Thursday, January 18th.

According to Zacks, analysts expect that International Business Machines will report full year sales of $21.95 billion for the current fiscal year, with estimates ranging from $78.37 billion to $78.69 billion. For the next year, analysts anticipate that the firm will post sales of $78.41 billion per share, with estimates ranging from $77.53 billion to $79.01 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow International Business Machines.

International Business Machines (NYSE:IBM) last released its earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping 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 had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines’s revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the business earned $3.29 EPS.

A number of equities analysts have issued reports on IBM shares. UBS reissued a “neutral” rating and set a $160.00 price target (up from $152.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Jefferies Group reissued a “sell” rating and set a $125.00 price target on shares of International Business Machines in a research report on Thursday, September 21st. Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price target for the company in a research report on Wednesday, December 6th. Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price target on shares of International Business Machines in a research report on Friday, October 13th. Finally, ValuEngine lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $159.24.

International Business Machines (IBM) traded up $1.33 on Wednesday, reaching $156.74. 6,321,800 shares of the company’s stock were exchanged, compared to its average volume of 4,262,980. International Business Machines has a 12 month low of $139.13 and a 12 month high of $182.79. 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 stock has a market cap of $143,877.25, a price-to-earnings ratio of 11.38, a PEG ratio of 2.28 and a beta of 0.94.

The firm also recently declared a quarterly dividend, which was paid on Saturday, December 9th. Shareholders of record on Friday, November 10th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a yield of 3.83%. International Business Machines’s dividend payout ratio (DPR) is presently 50.13%.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after purchasing an additional 2,241,818 shares during the period. Nordea Investment Management AB raised its position in International Business Machines by 151.2% in the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after acquiring an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC raised its position in International Business Machines by 1,155.3% in the second quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after acquiring an additional 1,249,916 shares in the last quarter. BlackRock Inc. raised its position in International Business Machines by 2.4% in the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after acquiring an additional 1,241,441 shares in the last quarter. Finally, Stifel Financial Corp raised its position in International Business Machines by 9,678.2% in the third quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after acquiring an additional 807,553 shares in the last quarter. Hedge funds and other institutional investors own 57.26% of the company’s stock.

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About International Business Machines

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 (NYSE:IBM)

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