Brokerages expect that International Business Machines Corporation (NYSE:IBM) will report earnings per share (EPS) of $2.73 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for International Business Machines Corporation’s earnings. The lowest EPS estimate is $2.65 and the highest is $2.80. International Business Machines Corporation posted earnings per share of $2.95 during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.5%. The firm is expected to announce its next earnings results on Monday, July 17th.

On average, analysts expect that International Business Machines Corporation will report full-year earnings of $13.73 per share for the current financial year, with EPS estimates ranging from $13.45 to $13.87. For the next fiscal year, analysts expect that the business will post earnings of $13.97 per share, with EPS estimates ranging from $13.45 to $14.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that cover International Business Machines Corporation.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings data on Tuesday, April 18th. The technology company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. International Business Machines Corporation had a net margin of 14.62% and a return on equity of 74.46%. The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.37 billion. During the same period last year, the business earned $2.35 earnings per share. International Business Machines Corporation’s revenue was down 2.8% compared to the same quarter last year.

IBM has been the topic of several research analyst reports. BidaskClub upgraded International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday. Vetr upgraded International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.02 price objective on the stock in a report on Wednesday, June 7th. Cowen and Company reiterated an “underperform” rating and issued a $125.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, March 8th. Barclays PLC reiterated an “underweight” rating and issued a $141.00 price objective (down previously from $144.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Finally, Pacific Crest initiated coverage on International Business Machines Corporation in a report on Thursday, May 18th. They issued an “equal weight” rating and a $151.35 price objective on the stock. Eight research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company’s stock. International Business Machines Corporation presently has a consensus rating of “Hold” and a consensus price target of $164.71.

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In other news, Director James W. Owens bought 1,718 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average cost of $153.19 per share, with a total value of $263,180.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. Massey Quick & Co. LLC purchased a new stake in shares of International Business Machines Corporation during the fourth quarter worth about $108,000. Hemenway Trust Co LLC purchased a new stake in shares of International Business Machines Corporation during the fourth quarter worth about $110,000. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of International Business Machines Corporation during the fourth quarter worth about $117,000. Capital Analysts LLC boosted its stake in shares of International Business Machines Corporation by 5.5% in the fourth quarter. Capital Analysts LLC now owns 726 shares of the technology company’s stock worth $121,000 after buying an additional 38 shares during the period. Finally, Jackson Grant Investment Advisers Inc. boosted its stake in shares of International Business Machines Corporation by 0.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 737 shares of the technology company’s stock worth $122,000 after buying an additional 6 shares during the period. 58.29% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Corporation (NYSE:IBM) traded up 0.75% during trading on Wednesday, hitting $155.38. 6,741,963 shares of the stock were exchanged. The firm has a market capitalization of $145.98 billion, a price-to-earnings ratio of 12.78 and a beta of 0.97. The company has a 50-day moving average price of $153.54 and a 200 day moving average price of $167.13. International Business Machines Corporation has a 1-year low of $142.50 and a 1-year high of $182.79.

The company also recently announced a quarterly dividend, which was paid on Saturday, June 10th. Investors of record on Wednesday, May 10th were given a $1.50 dividend. The ex-dividend date of this dividend was Monday, May 8th. This is a boost from International Business Machines Corporation’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.86%. International Business Machines Corporation’s dividend payout ratio is 49.34%.

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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