Wall Street analysts expect that International Business Machines Corp. (NYSE:IBM) will report earnings per share of $5.17 for the current quarter, Zacks reports. Six analysts have provided estimates for International Business Machines’ earnings. The lowest EPS estimate is $5.11 and the highest is $5.23. International Business Machines posted earnings of $5.01 per share in the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The business is expected to issue its next earnings report after the market closes on Thursday, January 18th.

According to Zacks, analysts expect that International Business Machines will report full year earnings of $13.79 per share for the current year, with EPS estimates ranging from $13.65 to $13.84. For the next year, analysts forecast that the business will report earnings of $13.86 per share, with EPS estimates ranging from $13.60 to $14.08. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow International Business Machines.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.28 by $0.02. The firm had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $3.29 EPS.

IBM has been the topic of several recent research reports. Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price target on shares of International Business Machines in a research report on Friday, October 13th. Stifel Nicolaus reissued a “buy” rating and set a $182.00 price target on shares of International Business Machines in a research report on Friday, October 6th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $160.00 target price on shares of International Business Machines in a research report on Wednesday, November 15th. Goldman Sachs Group set a $170.00 target price on International Business Machines and gave the company a “neutral” rating in a research report on Wednesday, October 18th. Finally, Vetr raised International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 target price on the stock in a research report on Wednesday, December 6th. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $162.17.

International Business Machines (IBM) traded up $4.80 during trading on Friday, reaching $168.65. The company had a trading volume of 11,675,195 shares, compared to its average volume of 4,850,000. The firm has a market cap of $156,130.00, a price-to-earnings ratio of 14.08, a PEG ratio of 2.38 and a beta of 0.94. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. International Business Machines has a 12-month low of $139.13 and a 12-month high of $182.79.

Several hedge funds have recently bought and sold shares of IBM. Vanguard Group Inc. raised its position in shares of International Business Machines by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after acquiring an additional 2,241,818 shares in the last quarter. Nordea Investment Management AB raised its position in shares of International Business Machines by 151.2% during the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after acquiring an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC grew its stake in International Business Machines by 1,155.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after buying an additional 1,249,916 shares during the last quarter. BlackRock Inc. grew its stake in International Business Machines by 2.4% during the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after buying an additional 1,241,441 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in International Business Machines by 9,678.2% during the 3rd quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock worth $118,347,000 after buying an additional 807,553 shares during the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.

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

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