$3.80 EPS Expected for International Business Machines Co. (NYSE:IBM) This Quarter

Equities analysts forecast that International Business Machines Co. (NYSE:IBM) will post $3.80 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for International Business Machines’ earnings, with estimates ranging from $3.19 to $4.35. International Business Machines posted earnings of $2.07 per share during the same quarter last year, which suggests a positive year over year growth rate of 83.6%. The business is scheduled to issue its next quarterly earnings report on Thursday, January 20th.

On average, analysts expect that International Business Machines will report full year earnings of $10.40 per share for the current fiscal year, with EPS estimates ranging from $9.81 to $10.92. For the next fiscal year, analysts anticipate that the firm will report earnings of $11.22 per share, with EPS estimates ranging from $10.15 to $12.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover International Business Machines.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, October 19th. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.02. International Business Machines had a net margin of 6.40% and a return on equity of 36.23%. The firm had revenue of $17.62 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company posted $2.58 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis.

IBM has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on International Business Machines in a report on Friday, October 1st. They issued a “buy” rating and a $170.00 price target for the company. Credit Suisse Group initiated coverage on International Business Machines in a report on Friday, October 29th. They issued an “outperform” rating and a $172.00 price target for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $157.43.

IBM traded down $0.06 during midday trading on Thursday, hitting $116.73. The company’s stock had a trading volume of 3,218,377 shares, compared to its average volume of 5,352,967. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 2.10. The firm has a market cap of $104.63 billion, a P/E ratio of 22.07, a PEG ratio of 1.88 and a beta of 1.11. The firm has a 50-day moving average price of $131.04 and a two-hundred day moving average price of $138.59. International Business Machines has a 52-week low of $115.19 and a 52-week high of $152.84.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 10th. Shareholders of record on Wednesday, November 10th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend is Tuesday, November 9th. International Business Machines’s dividend payout ratio is presently 124.01%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC raised its position in shares of International Business Machines by 9.6% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 7,263 shares of the technology company’s stock valued at $1,009,000 after purchasing an additional 635 shares in the last quarter. Cambridge Trust Co. raised its position in shares of International Business Machines by 12.8% in the 3rd quarter. Cambridge Trust Co. now owns 13,872 shares of the technology company’s stock valued at $1,927,000 after purchasing an additional 1,575 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of International Business Machines by 5.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 10,563 shares of the technology company’s stock valued at $1,468,000 after purchasing an additional 513 shares in the last quarter. CFS Investment Advisory Services LLC acquired a new position in shares of International Business Machines in the 3rd quarter valued at approximately $356,000. Finally, Personal CFO Solutions LLC raised its position in shares of International Business Machines by 69.2% during the 3rd quarter. Personal CFO Solutions LLC now owns 6,849 shares of the technology company’s stock valued at $952,000 after acquiring an additional 2,802 shares in the last quarter. Hedge funds and other institutional investors own 55.18% of the company’s stock.

About International Business Machines

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud and Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing.

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

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