Brokerages forecast that International Business Machines Corporation (NYSE:IBM) will report $3.28 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for International Business Machines Corporation’s earnings, with estimates ranging from $3.25 to $3.33. International Business Machines Corporation posted earnings per share of $3.29 in the same quarter last year, which would suggest a negative year over year growth rate of 0.3%. The business is expected to report its next earnings report after the market closes on Tuesday, October 17th.

According to Zacks, analysts expect that International Business Machines Corporation will report full-year earnings of $13.78 per share for the current year, with EPS estimates ranging from $13.65 to $13.85. For the next year, analysts expect that the company will report earnings of $13.89 per share, with EPS estimates ranging from $13.49 to $14.42. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for International Business Machines Corporation.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.74 by $0.23. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. During the same period last year, the company earned $2.95 earnings per share. International Business Machines Corporation’s quarterly revenue was down 4.7% compared to the same quarter last year.

IBM has been the subject of several analyst reports. Credit Suisse Group reaffirmed an “underperform” rating and issued a $110.00 price objective (down previously from $125.00) on shares of International Business Machines Corporation in a research note on Monday, July 17th. UBS AG reaffirmed a “neutral” rating and issued a $159.00 price objective (down previously from $167.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “sell” rating and issued a $125.00 price objective on shares of International Business Machines Corporation in a research note on Thursday, September 21st. Vetr lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 price objective for the company. in a research note on Monday, July 24th. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a $125.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. International Business Machines Corporation has a consensus rating of “Hold” and a consensus price target of $157.12.

Institutional investors have recently modified their holdings of the business. Herndon Capital Management LLC grew its stake in International Business Machines Corporation by 39.0% during the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after buying an additional 195 shares during the last quarter. Edge Wealth Management LLC grew its stake in International Business Machines Corporation by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after buying an additional 40 shares during the last quarter. ETF Managers Group LLC bought a new stake in International Business Machines Corporation during the second quarter worth about $121,000. Peddock Capital Advisors LLC grew its stake in International Business Machines Corporation by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after buying an additional 62 shares during the last quarter. Finally, Horan Securities Inc. grew its stake in International Business Machines Corporation by 845.5% during the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock worth $144,000 after buying an additional 837 shares during the last quarter. 57.88% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of International Business Machines Corporation (NYSE IBM) traded up 0.05% during mid-day trading on Friday, reaching $147.10. The company’s stock had a trading volume of 2,506,584 shares. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The company’s 50 day moving average price is $145.27 and its 200-day moving average price is $151.86. The company has a market capitalization of $137.09 billion, a price-to-earnings ratio of 12.21 and a beta of 0.95.

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.

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

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