International Business Machines Corporation (NYSE:IBM) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of at least $13.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $13.75.

A number of research firms have issued reports on IBM. BidaskClub upgraded shares of International Business Machines Corporation from a strong sell rating to a sell rating in a research report on Saturday, August 26th. Royal Bank Of Canada reiterated a hold rating on shares of International Business Machines Corporation in a research report on Friday. Stifel Nicolaus reiterated a buy rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research report on Friday, July 21st. Morgan Stanley reiterated an overweight rating and issued a $192.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Finally, Vetr upgraded shares of International Business Machines Corporation from a sell rating to a hold rating and set a $150.26 target price for the company in a research report on Monday, June 19th. Eight equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $157.12.

Shares of International Business Machines Corporation (NYSE IBM) traded down 0.20% during mid-day trading on Tuesday, reaching $146.54. 6,104,107 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $145.27 and its 200-day moving average is $151.70. The stock has a market cap of $136.57 billion, a price-to-earnings ratio of 12.16 and a beta of 0.95. International Business Machines Corporation has a 52-week low of $139.13 and a 52-week high of $182.79.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same period in the previous year, the company earned $3.29 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. On average, equities analysts expect that International Business Machines Corporation will post $13.75 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the business. ETF Managers Group LLC acquired a new position in shares of International Business Machines Corporation in the second quarter valued at about $121,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of International Business Machines Corporation in the second quarter valued at about $194,000. Koch Industries Inc. grew its stake in shares of International Business Machines Corporation by 9,531.0% in the second quarter. Koch Industries Inc. now owns 207,163 shares of the technology company’s stock valued at $206,000 after acquiring an additional 205,012 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in shares of International Business Machines Corporation in the second quarter valued at about $207,000. Finally, Hugh Johnson Advisors LLC grew its stake in shares of International Business Machines Corporation by 0.9% in the second quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock valued at $216,000 after acquiring an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 57.84% of the company’s stock.

International Business Machines Corporation Company Profile

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 Corporation (NYSE:IBM)

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