International Business Machines Corp. (NYSE:IBM) – Cantor Fitzgerald cut their FY2018 earnings per share estimates for International Business Machines in a report issued on Friday. Cantor Fitzgerald analyst J. Foresi now anticipates that the technology company will earn $13.80 per share for the year, down from their previous forecast of $13.98. Cantor Fitzgerald currently has a “Hold” rating and a $152.00 price objective on the stock. Cantor Fitzgerald also issued estimates for International Business Machines’ FY2019 earnings at $13.99 EPS.

IBM has been the subject of several other reports. Royal Bank of Canada restated a “hold” rating on shares of International Business Machines in a report on Friday, October 13th. Zacks Investment Research lowered shares of International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. JPMorgan Chase & Co. set a $167.00 price objective on shares of International Business Machines and gave the stock a “neutral” rating in a report on Friday. BMO Capital Markets restated a “market perform” rating and issued a $170.00 price objective (up from $167.00) on shares of International Business Machines in a report on Wednesday, October 18th. Finally, Citigroup raised their price objective on shares of International Business Machines from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $164.37.

Shares of International Business Machines (IBM) traded up $0.23 on Monday, reaching $162.60. 8,480,199 shares of the company’s stock traded hands, compared to its average volume of 8,027,964. 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 twelve month low of $139.13 and a twelve month high of $182.79. The stock has a market capitalization of $153,910.00, a price-to-earnings ratio of 26.61, a PEG ratio of 2.37 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $22.54 billion during the quarter, compared to analyst estimates of $22.03 billion. During the same period last year, the business posted $5.01 earnings per share. International Business Machines’s quarterly revenue was up 3.6% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently made changes to their positions in IBM. Lincoln Capital LLC bought a new stake in shares of International Business Machines during the second quarter valued at approximately $259,000. Carlson Capital Management increased its position in shares of International Business Machines by 14.0% during the second quarter. Carlson Capital Management now owns 3,759 shares of the technology company’s stock valued at $578,000 after acquiring an additional 461 shares in the last quarter. Portland Global Advisors LLC increased its position in shares of International Business Machines by 3.7% during the second quarter. Portland Global Advisors LLC now owns 17,494 shares of the technology company’s stock valued at $2,691,000 after acquiring an additional 625 shares in the last quarter. Laurel Grove Capital LLC increased its position in shares of International Business Machines by 39.3% during the second quarter. Laurel Grove Capital LLC now owns 20,191 shares of the technology company’s stock valued at $3,106,000 after acquiring an additional 5,700 shares in the last quarter. Finally, Hays Advisory LLC increased its position in shares of International Business Machines by 6.7% during the second quarter. Hays Advisory LLC now owns 1,514 shares of the technology company’s stock valued at $233,000 after acquiring an additional 95 shares in the last quarter. 57.34% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.watchlistnews.com/international-business-machines-corp-to-post-fy2018-earnings-of-13-80-per-share-cantor-fitzgerald-forecasts-ibm/1820378.html.

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.

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

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.