International Business Machines Corp. to Post FY2018 Earnings of $13.80 Per Share, Cantor Fitzgerald Forecasts (IBM)

International Business Machines Corp. (NYSE:IBM) – Analysts at Cantor Fitzgerald decreased their FY2018 earnings estimates for shares of International Business Machines in a report issued on Friday. Cantor Fitzgerald analyst J. Foresi now expects that the technology company will post earnings per share of $13.80 for the year, down from their previous estimate of $13.98. Cantor Fitzgerald currently has a “Hold” rating and a $152.00 target price on the stock. Cantor Fitzgerald also issued estimates for International Business Machines’ FY2019 earnings at $13.99 EPS.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The business had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. During the same quarter in the previous year, the business posted $5.01 EPS. International Business Machines’s revenue for the quarter was up 3.6% on a year-over-year basis.

Several other research firms have also recently commented on IBM. Pivotal Research set a $180.00 target price on International Business Machines and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley boosted their target price on International Business Machines to $198.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America restated a “buy” rating and issued a $200.00 target price on shares of International Business Machines in a research note on Friday. Goldman Sachs Group set a $170.00 target price on International Business Machines and gave the company a “neutral” rating in a research note on Friday. Finally, JPMorgan Chase & Co. set a $167.00 target price on International Business Machines and gave the company a “neutral” rating in a research note on Friday. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $164.09.

Shares of International Business Machines (NYSE:IBM) opened at $162.64 on Monday. The company has a market capitalization of $150,060.00, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 2.37 and a beta of 0.94. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. International Business Machines has a 12 month low of $139.13 and a 12 month high of $182.79.

A number of hedge funds and other institutional investors have recently modified their holdings of IBM. CKW Financial Group grew its holdings in shares of International Business Machines by 0.3% during the 2nd quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after purchasing an additional 3 shares in the last quarter. Milestone Group Inc. grew its holdings in shares of International Business Machines by 0.4% during the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after purchasing an additional 8 shares in the last quarter. Hugh Johnson Advisors LLC grew its holdings in shares of International Business Machines by 0.9% during the 2nd quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock worth $216,000 after purchasing an additional 12 shares in the last quarter. Anchor Capital Advisors LLC grew its holdings in shares of International Business Machines by 0.9% during the 2nd quarter. Anchor Capital Advisors LLC now owns 1,555 shares of the technology company’s stock worth $239,000 after purchasing an additional 14 shares in the last quarter. Finally, Rench Wealth Management Inc. grew its holdings in shares of International Business Machines by 1.0% during the 2nd quarter. Rench Wealth Management Inc. now owns 1,486 shares of the technology company’s stock worth $229,000 after purchasing an additional 14 shares in the last quarter. 57.34% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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