Equities research analysts expect International Business Machines Corp. (NYSE:IBM) to report $18.65 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for International Business Machines’ earnings. The lowest sales estimate is $18.20 billion and the highest is $19.20 billion. International Business Machines reported sales of $18.16 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The firm is expected to issue its next earnings results on Tuesday, April 17th.
According to Zacks, analysts expect that International Business Machines will report full-year sales of $18.65 billion for the current fiscal year, with estimates ranging from $78.28 billion to $80.98 billion. For the next fiscal year, analysts anticipate that the company will post sales of $79.75 billion per share, with estimates ranging from $77.37 billion to $81.20 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover International Business Machines.
International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The firm had revenue of $22.54 billion for the quarter, compared to analyst estimates of $22.03 billion. During the same quarter in the previous year, the firm posted $5.01 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis.
A number of research analysts have weighed in on IBM shares. Royal Bank of Canada reaffirmed a “hold” rating and issued a $160.00 price target on shares of International Business Machines in a research note on Wednesday, November 15th. Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 price target on the stock in a research note on Wednesday, November 15th. Tigress Financial reaffirmed a “buy” rating on shares of International Business Machines in a research note on Friday, December 1st. Zacks Investment Research lowered shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $175.00 price target on shares of International Business Machines in a research note on Thursday, January 11th. They noted that the move was a valuation call. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company’s stock. International Business Machines presently has an average rating of “Hold” and an average price target of $164.37.
In other International Business Machines news, insider Erich Clementi sold 13,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $154.66, for a total value of $2,010,580.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Diane J. Gherson sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $156.00, for a total transaction of $780,000.00. Following the completion of the transaction, the insider now owns 20,581 shares in the company, valued at $3,210,636. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the business. Risk Paradigm Group LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at about $118,000. ETF Managers Group LLC acquired a new position in shares of International Business Machines in the second quarter valued at about $121,000. Price Wealth Management Inc. acquired a new position in shares of International Business Machines in the fourth quarter valued at about $122,000. Capital Analysts LLC grew its stake in shares of International Business Machines by 100.5% in the fourth quarter. Capital Analysts LLC now owns 1,129 shares of the technology company’s stock valued at $125,000 after acquiring an additional 566 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at about $126,000. Hedge funds and other institutional investors own 56.18% of the company’s stock.
International Business Machines (NYSE IBM) opened at $155.72 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. International Business Machines has a one year low of $139.13 and a one year high of $181.29. The firm has a market cap of $144,160.00, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94.
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Friday, February 9th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.00 dividend on an annualized basis and a yield of 3.85%. International Business Machines’s payout ratio is 49.83%.
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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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