International Business Machines Corp. (NYSE:IBM) will issue its quarterly earnings data after the market closes on Monday, October 17th. Analysts expect the company to announce earnings of $3.24 per share for the quarter. International Business Machines Corp. has set its FY16 guidance at $13.50 EPS.

International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings results on Monday, July 18th. The technology company reported $2.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.06. The business earned $20.20 billion during the quarter, compared to analysts’ expectations of $20.03 billion. International Business Machines Corp. had a return on equity of 88.92% and a net margin of 14.86%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.84 EPS. On average, analysts expect International Business Machines Corp. to post $13.5 EPS for the current fiscal year and $13.99 EPS for the next fiscal year.

Earnings History for International Business Machines Corp. (NYSE:IBM)

Shares of International Business Machines Corp. (NYSE:IBM) traded up 0.40% during midday trading on Friday, hitting $154.33. The company had a trading volume of 2,027,442 shares. The firm’s 50-day moving average is $156.97 and its 200-day moving average is $154.21. The firm has a market capitalization of $147.52 billion, a P/E ratio of 12.55 and a beta of 0.88. International Business Machines Corp. has a 12-month low of $116.90 and a 12-month high of $165.00.

In other International Business Machines Corp. news, insider Robert J. Picciano sold 1,922 shares of the company’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $159.16, for a total value of $305,905.52. Following the completion of the transaction, the insider now owns 35,861 shares of the company’s stock, valued at approximately $5,707,636.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Erich Clementi sold 2,984 shares of the company’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $159.00, for a total value of $474,456.00. Following the completion of the transaction, the insider now directly owns 22,531 shares of the company’s stock, valued at approximately $3,582,429. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Capital Research Global Investors boosted its position in shares of International Business Machines Corp. by 81.1% in the second quarter. Capital Research Global Investors now owns 7,135,471 shares of the technology company’s stock worth $1,083,022,000 after buying an additional 3,194,471 shares during the last quarter. Capital World Investors boosted its position in shares of International Business Machines Corp. by 22.3% in the second quarter. Capital World Investors now owns 5,322,000 shares of the technology company’s stock worth $807,773,000 after buying an additional 972,000 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of International Business Machines Corp. by 9.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,073,142 shares of the technology company’s stock worth $770,001,000 after buying an additional 419,742 shares during the last quarter. American International Group Inc. boosted its position in shares of International Business Machines Corp. by 4.5% in the second quarter. American International Group Inc. now owns 2,941,839 shares of the technology company’s stock worth $446,512,000 after buying an additional 125,942 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of International Business Machines Corp. by 45.5% in the second quarter. Alliancebernstein L.P. now owns 2,653,828 shares of the technology company’s stock worth $402,798,000 after buying an additional 830,006 shares during the last quarter. 57.61% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Morgan Stanley restated a “buy” rating and set a $168.00 target price on shares of International Business Machines Corp. in a report on Sunday, July 17th. Cantor Fitzgerald restated a “hold” rating on shares of International Business Machines Corp. in a report on Sunday, July 17th. Standpoint Research cut International Business Machines Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Oppenheimer Holdings Inc. began coverage on International Business Machines Corp. in a report on Monday, August 15th. They set a “market perform” rating on the stock. Finally, Credit Suisse Group AG reaffirmed an “underperform” rating and set a $110.00 price target on shares of International Business Machines Corp. in a research report on Tuesday, July 19th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $154.47.

About International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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