$18.98 Billion in Sales Expected for International Business Machines Co. (NYSE:IBM) This Quarter

Wall Street brokerages expect International Business Machines Co. (NYSE:IBM) to report $18.98 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for International Business Machines’ earnings, with the highest sales estimate coming in at $20.81 billion and the lowest estimate coming in at $15.65 billion. International Business Machines posted sales of $20.37 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.8%. The company is scheduled to issue its next earnings results on Thursday, January 20th.

On average, analysts expect that International Business Machines will report full-year sales of $73.30 billion for the current fiscal year, with estimates ranging from $69.75 billion to $75.05 billion. For the next financial year, analysts anticipate that the firm will report sales of $69.22 billion, with estimates ranging from $55.84 billion to $76.88 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow International Business Machines.

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

A number of analysts recently commented on IBM shares. Credit Suisse Group started coverage on International Business Machines in a research report on Friday, October 29th. They set an “outperform” rating and a $172.00 price objective for the company. Jefferies Financial Group started coverage on International Business Machines in a research report on Friday, October 1st. They set a “buy” rating and a $170.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $157.43.

International Business Machines stock traded down $0.06 during midday trading on Friday, reaching $116.73. 3,218,377 shares of the company were exchanged, compared to its average volume of 5,352,967. The company has a market capitalization of $104.63 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 1.88 and a beta of 1.11. The firm’s 50-day simple moving average is $131.04 and its 200-day simple moving average is $138.59. International Business Machines has a 1 year low of $115.19 and a 1 year high of $152.84. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.78 and a current ratio of 0.84.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of International Business Machines by 1.1% during the 3rd quarter. BlackRock Inc. now owns 64,528,194 shares of the technology company’s stock valued at $8,964,901,000 after buying an additional 722,962 shares during the period. Geode Capital Management LLC raised its holdings in shares of International Business Machines by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 14,756,888 shares of the technology company’s stock valued at $2,044,535,000 after buying an additional 392,308 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of International Business Machines by 0.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 13,446,039 shares of the technology company’s stock valued at $1,971,055,000 after buying an additional 93,603 shares during the period. Northern Trust Corp raised its holdings in shares of International Business Machines by 0.9% during the 2nd quarter. Northern Trust Corp now owns 10,403,952 shares of the technology company’s stock valued at $1,525,115,000 after buying an additional 90,626 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of International Business Machines by 92.8% during the 3rd quarter. Nordea Investment Management AB now owns 6,834,777 shares of the technology company’s stock valued at $956,458,000 after buying an additional 3,290,542 shares during the period. 55.18% of the stock is currently owned by institutional investors and hedge funds.

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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