IBM (NYSE:IBM) is scheduled to release its earnings data after the market closes on Monday, April 16th. Analysts expect IBM to post earnings of $2.28 per share for the quarter.
IBM (NYSE:IBM) last released its earnings results on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating the consensus estimate of $5.17 by $0.01. IBM had a net margin of 7.27% and a return on equity of 69.48%. The business had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. During the same period last year, the business earned $5.01 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. On average, analysts expect IBM to post $14 EPS for the current fiscal year and $14 EPS for the next fiscal year.
NYSE:IBM opened at $150.57 on Monday. IBM has a 1-year low of $139.13 and a 1-year high of $172.93. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The firm has a market capitalization of $138,700.28, a P/E ratio of 10.91, a PEG ratio of 2.20 and a beta of 0.90.
Several research firms recently weighed in on IBM. BMO Capital Markets reissued a “hold” rating and issued a $175.00 target price on shares of IBM in a research note on Thursday, January 11th. They noted that the move was a valuation call. Zacks Investment Research raised shares of IBM from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Pivotal Research set a $180.00 target price on shares of IBM and gave the company a “buy” rating in a research note on Thursday, January 18th. JPMorgan Chase set a $167.00 target price on shares of IBM and gave the company a “neutral” rating in a research note on Friday, January 19th. Finally, Wedbush reissued a “neutral” rating and issued a $185.00 target price (up from $155.00) on shares of IBM in a research note on Thursday, January 18th. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $166.01.
In other news, insider Erich Clementi sold 13,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $154.66, for a total value of $2,010,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederick H. Waddell purchased 610 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was bought at an average cost of $163.38 per share, with a total value of $99,661.80. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.
A number of hedge funds have recently bought and sold shares of IBM. ETF Managers Group LLC acquired a new position in IBM in the second quarter valued at about $121,000. Mountain Capital Investment Advisors Inc acquired a new position in IBM in the second quarter valued at about $194,000. Koch Industries Inc. raised its stake in IBM 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 purchasing an additional 205,012 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in IBM in the second quarter valued at about $207,000. Finally, Hugh Johnson Advisors LLC raised its stake in IBM 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 purchasing an additional 12 shares in the last quarter. 57.02% of the stock is owned by institutional investors and hedge funds.
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IBM Company Profile
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.
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