Zacks: Brokerages Expect International Business Machines Co. (NYSE:IBM) Will Post Quarterly Sales of $13.73 Billion

Equities research analysts expect International Business Machines Co. (NYSE:IBMGet Rating) to post $13.73 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for International Business Machines’ earnings. The highest sales estimate is $13.91 billion and the lowest is $13.50 billion. International Business Machines reported sales of $17.73 billion during the same quarter last year, which indicates a negative year over year growth rate of 22.6%. The company is expected to announce its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that International Business Machines will report full-year sales of $60.55 billion for the current year, with estimates ranging from $60.24 billion to $61.01 billion. For the next fiscal year, analysts forecast that the firm will report sales of $63.13 billion, with estimates ranging from $62.37 billion to $64.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover International Business Machines.

International Business Machines (NYSE:IBMGet Rating) last released its earnings results on Monday, January 24th. The technology company reported $3.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.39 by ($0.04). International Business Machines had a return on equity of 42.49% and a net margin of 8.11%. The firm had revenue of $16.70 billion during the quarter, compared to analyst estimates of $15.96 billion. During the same quarter last year, the business posted $2.07 EPS. The firm’s revenue was up 6.5% on a year-over-year basis.

Several research firms have recently commented on IBM. Morgan Stanley upgraded shares of International Business Machines from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $147.00 to $150.00 in a research note on Wednesday, April 13th. BMO Capital Markets cut their price target on shares of International Business Machines from $155.00 to $148.00 and set a “market perform” rating for the company in a report on Wednesday, April 13th. The Goldman Sachs Group initiated coverage on shares of International Business Machines in a report on Sunday, January 9th. They issued a “neutral” rating and a $140.00 price target for the company. StockNews.com initiated coverage on shares of International Business Machines in a report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Zacks Investment Research downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average target price of $145.27.

A number of large investors have recently bought and sold shares of IBM. IFS Advisors LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth about $28,000. Richwood Investment Advisors LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth about $30,000. Ulland Investment Advisors LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth about $32,000. Total Clarity Wealth Management Inc. boosted its stake in shares of International Business Machines by 537.5% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company’s stock worth $34,000 after purchasing an additional 215 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its stake in shares of International Business Machines by 61.3% during the 3rd quarter. Simon Quick Advisors LLC now owns 263 shares of the technology company’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 54.91% of the company’s stock.

Shares of IBM stock traded down $0.39 during mid-day trading on Monday, hitting $126.17. The stock had a trading volume of 4,855,426 shares, compared to its average volume of 5,248,992. International Business Machines has a fifty-two week low of $114.56 and a fifty-two week high of $152.84. The firm has a market cap of $113.47 billion, a PE ratio of 19.87, a PEG ratio of 1.16 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.88 and a quick ratio of 0.83. The company’s 50-day simple moving average is $127.44 and its 200-day simple moving average is $128.73.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 10th. Shareholders of record on Friday, February 11th were issued a dividend of $1.64 per share. The ex-dividend date was Thursday, February 10th. This represents a $6.56 annualized dividend and a yield of 5.20%. International Business Machines’s dividend payout ratio (DPR) is currently 103.31%.

About International Business Machines (Get Rating)

International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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