Wall Street analysts expect that International Business Machines Corp. (NYSE:IBM) will report sales of $21.96 billion for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for International Business Machines’ earnings, with the lowest sales estimate coming in at $21.88 billion and the highest estimate coming in at $22.01 billion. International Business Machines posted sales of $21.77 billion in the same quarter last year, which would indicate a positive year over year growth rate of 0.9%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, January 18th.

On average, analysts expect that International Business Machines will report full year sales of $21.96 billion for the current fiscal year, with estimates ranging from $78.48 billion to $78.69 billion. For the next year, analysts anticipate that the company will post sales of $78.45 billion per share, with estimates ranging from $77.53 billion to $78.93 billion. Zacks’ sales averages are an average based on a survey of research firms that cover International Business Machines.

International Business Machines (NYSE:IBM) last issued its quarterly 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. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The company had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same quarter in the previous year, the business earned $3.29 earnings per share. International Business Machines’s revenue was down .4% compared to the same quarter last year.

IBM has been the subject of a number of analyst reports. Drexel Hamilton reissued a “buy” rating and set a $200.00 target price on shares of International Business Machines in a research note on Tuesday, October 17th. Stifel Nicolaus reissued a “buy” rating and set a $182.00 target price on shares of International Business Machines in a research note on Friday, October 6th. ValuEngine raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Vetr raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 target price for the company in a research note on Tuesday, October 24th. Finally, Pivotal Research initiated coverage on shares of International Business Machines in a research note on Friday, October 27th. They set a “buy” rating and a $180.00 target price for the company. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the company. International Business Machines currently has an average rating of “Hold” and an average target price of $159.90.

Shares of International Business Machines (NYSE IBM) traded up $0.71 during midday trading on Tuesday, reaching $163.85. 7,589,500 shares of the company were exchanged, compared to its average volume of 5,656,500. International Business Machines has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The company has a market capitalization of $151,690.00, a P/E ratio of 13.68, a PEG ratio of 2.38 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.

Institutional investors and hedge funds have recently bought and sold shares of the business. First Command Bank grew its holdings in shares of International Business Machines by 114.1% during the second quarter. First Command Bank now owns 14,700 shares of the technology company’s stock valued at $2,262,000 after buying an additional 7,834 shares during the last quarter. BKD Wealth Advisors LLC grew its holdings in shares of International Business Machines by 4.1% during the second quarter. BKD Wealth Advisors LLC now owns 13,257 shares of the technology company’s stock valued at $2,040,000 after buying an additional 527 shares during the last quarter. Prentiss Smith & Co. Inc. grew its holdings in shares of International Business Machines by 6.6% during the second quarter. Prentiss Smith & Co. Inc. now owns 1,706 shares of the technology company’s stock valued at $262,000 after buying an additional 105 shares during the last quarter. Salem Capital Management Inc. grew its holdings in shares of International Business Machines by 3.2% during the second quarter. Salem Capital Management Inc. now owns 4,265 shares of the technology company’s stock valued at $656,000 after buying an additional 133 shares during the last quarter. Finally, First Hawaiian Bank grew its holdings in shares of International Business Machines by 0.8% during the second quarter. First Hawaiian Bank now owns 2,213 shares of the technology company’s stock valued at $340,000 after buying an additional 17 shares during the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

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International Business Machines 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 (NYSE:IBM)

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