IBM Common Stock (IBM) Expected to Post Quarterly Sales of $19.70 Billion

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Wall Street brokerages predict that IBM Common Stock (NYSE:IBM) will report $19.70 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for IBM Common Stock’s earnings, with the highest sales estimate coming in at $20.04 billion and the lowest estimate coming in at $19.28 billion. IBM Common Stock reported sales of $19.29 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.1%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, July 18th.

On average, analysts expect that IBM Common Stock will report full year sales of $80.30 billion for the current financial year, with estimates ranging from $79.15 billion to $81.05 billion. For the next year, analysts anticipate that the business will post sales of $80.09 billion per share, with estimates ranging from $77.37 billion to $81.47 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for IBM Common Stock.

IBM Common Stock (NYSE:IBM) last released its quarterly earnings results on Tuesday, April 17th. The technology company reported $2.45 EPS for the quarter, topping the Zacks’ consensus estimate of $2.42 by $0.03. The business had revenue of $19.07 billion during the quarter, compared to analysts’ expectations of $18.80 billion. IBM Common Stock had a net margin of 7.10% and a return on equity of 69.71%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.35 EPS.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of IBM Common Stock in a research note on Wednesday, April 18th. Pivotal Research set a $180.00 price objective on shares of IBM Common Stock and gave the company a “buy” rating in a research report on Tuesday, March 20th. BMO Capital Markets reissued a “hold” rating and set a $175.00 price objective on shares of IBM Common Stock in a research report on Friday, March 9th. Guggenheim reissued a “hold” rating on shares of IBM Common Stock in a research report on Thursday, April 19th. Finally, Bank of America reissued a “buy” rating and set a $200.00 price objective on shares of IBM Common Stock in a research report on Monday, March 26th. Eight analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. IBM Common Stock has a consensus rating of “Hold” and a consensus target price of $167.64.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Carlson Capital Management grew its holdings in shares of IBM Common Stock by 37.5% during the 4th quarter. Carlson Capital Management now owns 5,158 shares of the technology company’s stock worth $791,000 after purchasing an additional 1,407 shares during the period. New England Research & Management Inc. grew its stake in IBM Common Stock by 14.2% in the 4th quarter. New England Research & Management Inc. now owns 10,853 shares of the technology company’s stock worth $1,665,000 after buying an additional 1,350 shares in the last quarter. DnB Asset Management AS grew its stake in IBM Common Stock by 109.2% in the 4th quarter. DnB Asset Management AS now owns 957,110 shares of the technology company’s stock worth $146,840,000 after buying an additional 499,574 shares in the last quarter. Hutchens Investment Management Inc purchased a new stake in shares of IBM Common Stock in the 4th quarter valued at $2,239,000. Finally, Chesley Taft & Associates LLC boosted its stake in shares of IBM Common Stock by 1.7% in the 4th quarter. Chesley Taft & Associates LLC now owns 41,827 shares of the technology company’s stock valued at $6,417,000 after purchasing an additional 701 shares in the last quarter. Institutional investors own 55.96% of the company’s stock.

Shares of IBM Common Stock stock traded down $1.05 during trading on Monday, hitting $141.58. The company’s stock had a trading volume of 161,911 shares, compared to its average volume of 3,990,977. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.37 and a quick ratio of 1.33. The firm has a market cap of $132.10 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 2.10 and a beta of 0.90. IBM Common Stock has a 52 week low of $139.13 and a 52 week high of $171.13.

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 9th. Investors of record on Thursday, May 10th were given a $1.57 dividend. This represents a $6.28 annualized dividend and a yield of 4.44%. The ex-dividend date was Wednesday, May 9th. This is a boost from IBM Common Stock’s previous quarterly dividend of $1.50. IBM Common Stock’s payout ratio is currently 45.51%.

IBM Common Stock 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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Earnings History and Estimates for IBM Common Stock (NYSE:IBM)

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