$1.66 Earnings Per Share Expected for International Business Machines Co. (NYSE:IBM) This Quarter


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Wall Street analysts expect International Business Machines Co. (NYSE:IBM) to report earnings of $1.66 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for International Business Machines’ earnings, with the highest EPS estimate coming in at $1.82 and the lowest estimate coming in at $1.39. International Business Machines posted earnings of $1.84 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 9.8%. The business is scheduled to issue its next quarterly earnings results on Monday, April 19th.

According to Zacks, analysts expect that International Business Machines will report full-year earnings of $11.17 per share for the current financial year, with EPS estimates ranging from $10.67 to $11.66. For the next year, analysts anticipate that the company will post earnings of $11.82 per share, with EPS estimates ranging from $11.13 to $12.53. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for International Business Machines.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 20th. The technology company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.28. International Business Machines had a return on equity of 48.69% and a net margin of 10.53%. The company had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.59 billion. During the same period last year, the business posted $4.71 EPS.

Separately, Morgan Stanley raised their target price on International Business Machines from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $139.77.

Hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of International Business Machines during the 4th quarter worth about $1,116,008,000. BlackRock Inc. raised its position in shares of International Business Machines by 2.2% during the 4th quarter. BlackRock Inc. now owns 62,271,273 shares of the technology company’s stock worth $7,838,709,000 after acquiring an additional 1,324,858 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of International Business Machines by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,571,878 shares of the technology company’s stock worth $1,582,548,000 after acquiring an additional 943,571 shares in the last quarter. RWWM Inc. raised its position in shares of International Business Machines by 10,021.3% during the 4th quarter. RWWM Inc. now owns 644,827 shares of the technology company’s stock worth $81,171,000 after acquiring an additional 638,456 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of International Business Machines by 6.4% during the 4th quarter. Morgan Stanley now owns 9,853,901 shares of the technology company’s stock worth $1,240,410,000 after acquiring an additional 592,500 shares in the last quarter. 55.67% of the stock is currently owned by institutional investors.

Shares of International Business Machines stock opened at $134.93 on Monday. The business has a 50-day moving average of $126.88 and a 200 day moving average of $123.18. International Business Machines has a 12 month low of $105.92 and a 12 month high of $137.07. The stock has a market capitalization of $120.57 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 3.36 and a beta of 1.25. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.05 and a quick ratio of 1.00.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 10th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date was Tuesday, February 9th. International Business Machines’s dividend payout ratio is currently 50.90%.

About International Business Machines

International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, supply chain, and asset management, weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.

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