International Business Machines Corporation (NYSE:IBM) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 17th. Analysts expect International Business Machines Corporation to post earnings of $3.29 per share for the quarter.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. During the same period in the prior year, the company posted $2.95 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts expect International Business Machines Corporation to post $13.75 EPS for the current fiscal year and $13.83 EPS for the next fiscal year.

Shares of International Business Machines Corporation (IBM) opened at 147.10 on Monday. International Business Machines Corporation has a 52-week low of $139.13 and a 52-week high of $182.79. The company has a 50-day moving average of $145.27 and a 200-day moving average of $151.70. The stock has a market capitalization of $137.09 billion, a price-to-earnings ratio of 12.21 and a beta of 0.95.

Several equities analysts have weighed in on IBM shares. Stifel Nicolaus reiterated a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a report on Friday, July 21st. Cantor Fitzgerald reiterated a “hold” rating and issued a $154.00 target price on shares of International Business Machines Corporation in a report on Friday. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 target price on the stock in a report on Monday, July 3rd. Finally, ValuEngine lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $157.12.

Several large investors have recently made changes to their positions in the business. Mountain Capital Investment Advisors Inc purchased a new stake in shares of International Business Machines Corporation in the 2nd quarter valued at approximately $194,000. Koch Industries Inc. boosted its holdings in shares of International Business Machines Corporation by 9,531.0% in the 2nd quarter. Koch Industries Inc. now owns 207,163 shares of the technology company’s stock valued at $206,000 after buying an additional 205,012 shares in the last quarter. Keel Point LLC boosted its holdings in shares of International Business Machines Corporation by 2.2% in the 2nd quarter. Keel Point LLC now owns 4,839 shares of the technology company’s stock valued at $744,000 after buying an additional 103 shares in the last quarter. National Asset Management Inc. boosted its holdings in shares of International Business Machines Corporation by 7.7% in the 2nd quarter. National Asset Management Inc. now owns 9,282 shares of the technology company’s stock valued at $1,429,000 after buying an additional 660 shares in the last quarter. Finally, Altavista Wealth Management Inc. boosted its holdings in shares of International Business Machines Corporation by 0.7% in the 2nd quarter. Altavista Wealth Management Inc. now owns 2,193 shares of the technology company’s stock valued at $337,000 after buying an additional 15 shares in the last quarter. 57.88% of the stock is currently owned by institutional investors.

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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 for International Business Machines Corporation (NYSE:IBM)

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