International Business Machines Corporation (NYSE:IBM) – Equities research analysts at Oppenheimer Holdings decreased their FY2017 earnings per share (EPS) estimates for shares of International Business Machines Corporation in a note issued to investors on Wednesday. Oppenheimer Holdings analyst I. Kidron now anticipates that the technology company will post earnings per share of $13.83 for the year, down from their previous forecast of $13.85. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for International Business Machines Corporation’s Q2 2018 earnings at $2.99 EPS and FY2018 earnings at $14.08 EPS.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 69.89%. The business had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. During the same quarter in the previous year, the business posted $3.29 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: “International Business Machines Corporation to Post FY2017 Earnings of $13.83 Per Share, Oppenheimer Holdings Forecasts (IBM)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/19/international-business-machines-corporation-to-post-fy2017-earnings-of-13-83-per-share-oppenheimer-holdings-forecasts-ibm.html.

Several other research analysts have also commented on the stock. Berenberg Bank set a $125.00 price objective on shares of International Business Machines Corporation and gave the company a “sell” rating in a research note on Wednesday. Vetr lowered shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $160.68 price objective for the company. in a research note on Thursday. Sanford C. Bernstein set a $150.00 price objective on shares of International Business Machines Corporation and gave the company a “neutral” rating in a research note on Wednesday. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a research note on Wednesday. Finally, Barclays PLC raised their price objective on shares of International Business Machines Corporation from $132.00 to $133.00 and gave the company an “underweight” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $157.90.

Shares of International Business Machines Corporation (IBM) opened at 159.53 on Thursday. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The company has a market cap of $148.67 billion, a price-to-earnings ratio of 13.24 and a beta of 0.95. The stock has a 50 day moving average of $145.90 and a 200 day moving average of $151.36.

A number of large investors have recently bought and sold shares of the stock. Bonness Enterprises Inc. grew its position in International Business Machines Corporation by 28.0% in the 3rd quarter. Bonness Enterprises Inc. now owns 29,464 shares of the technology company’s stock valued at $4,274,000 after buying an additional 6,450 shares during the last quarter. Fulton Bank N.A. grew its position in International Business Machines Corporation by 7.8% in the 3rd quarter. Fulton Bank N.A. now owns 21,612 shares of the technology company’s stock valued at $3,136,000 after buying an additional 1,555 shares during the last quarter. Beacon Financial Group grew its position in International Business Machines Corporation by 40.7% in the 3rd quarter. Beacon Financial Group now owns 6,917 shares of the technology company’s stock valued at $1,004,000 after buying an additional 2,000 shares during the last quarter. Curbstone Financial Management Corp grew its position in International Business Machines Corporation by 93.5% in the 3rd quarter. Curbstone Financial Management Corp now owns 10,386 shares of the technology company’s stock valued at $1,507,000 after buying an additional 5,018 shares during the last quarter. Finally, Park National Corp OH grew its position in International Business Machines Corporation by 3.6% in the 3rd quarter. Park National Corp OH now owns 224,540 shares of the technology company’s stock valued at $32,576,000 after buying an additional 7,756 shares during the last quarter. Hedge funds and other institutional investors own 57.84% of the company’s stock.

About International Business Machines Corporation

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)

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