IBM (IBM) Set to Announce Earnings on Wednesday

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IBM (NYSE:IBM) is scheduled to release its earnings data after the market closes on Wednesday, October 16th. Analysts expect IBM to post earnings of $2.64 per share for the quarter. IBM has set its FY 2019 guidance at $13.90 EPS and its FY19 guidance at $13.90 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

IBM (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 17th. The technology company reported $3.17 EPS for the quarter, topping the consensus estimate of $3.06 by $0.11. The company had revenue of $19.20 billion during the quarter, compared to analyst estimates of $19.20 billion. IBM had a net margin of 11.22% and a return on equity of 69.56%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.08 EPS. On average, analysts expect IBM to post $13 EPS for the current fiscal year and $13 EPS for the next fiscal year.

NYSE IBM traded down $1.42 on Monday, hitting $141.34. The company had a trading volume of 46,038 shares, compared to its average volume of 2,844,973. The company has a market capitalization of $126.47 billion, a PE ratio of 10.24, a PEG ratio of 2.21 and a beta of 1.33. The company’s fifty day moving average price is $139.77 and its 200-day moving average price is $139.35. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.83 and a quick ratio of 1.79. IBM has a 12-month low of $105.94 and a 12-month high of $152.95.

Several brokerages recently commented on IBM. KeyCorp reissued a “hold” rating on shares of IBM in a report on Monday, August 26th. Credit Suisse Group reissued a “buy” rating and issued a $173.00 price target on shares of IBM in a report on Friday, July 19th. Bank of America boosted their price target on shares of IBM from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 5th. ValuEngine raised shares of IBM from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $152.00 target price on shares of IBM in a report on Monday, August 12th. Thirteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $155.63.

IBM Company Profile

International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.

Further Reading: Calculating net profit and net profit margin ratio

Earnings History for IBM (NYSE:IBM)

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