Zacks: Analysts Anticipate International Business Machines Co. (NYSE:IBM) Will Announce Quarterly Sales of $13.73 Billion

Equities analysts predict that International Business Machines Co. (NYSE:IBM – Get Rating) will post sales…


Equities analysts predict that International Business Machines Co. (NYSE:IBMGet Rating) will post sales of $13.73 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for International Business Machines’ earnings, with the highest sales estimate coming in at $13.91 billion and the lowest estimate coming in at $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 business is scheduled to issue its next quarterly 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 financial year, with estimates ranging from $60.24 billion to $61.01 billion. For the next fiscal year, analysts anticipate that the company will report sales of $63.13 billion, with estimates ranging from $62.37 billion to $64.55 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow International Business Machines.

International Business Machines (NYSE:IBMGet Rating) last announced its quarterly earnings data on Monday, January 24th. The technology company reported $3.35 earnings per share (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 for the quarter, compared to the consensus estimate of $15.96 billion. During the same quarter last year, the business earned $2.07 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year.

A number of research firms recently issued reports on IBM. StockNews.com assumed coverage on International Business Machines in a report on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research lowered 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. UBS Group cut their price objective on International Business Machines from $124.00 to $118.00 in a research note on Tuesday, January 25th. Morgan Stanley raised International Business Machines from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $147.00 to $150.00 in a research report on Wednesday. Finally, The Goldman Sachs Group started coverage on International Business Machines in a research report on Sunday, January 9th. They set a “neutral” rating and a $140.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $145.27.

Shares of IBM traded up $0.42 during trading hours on Monday, reaching $126.56. 6,384,180 shares of the company’s stock traded hands, compared to its average volume of 3,702,631. The firm has a market capitalization of $113.82 billion, a price-to-earnings ratio of 19.93, a P/E/G 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. International Business Machines has a twelve month low of $114.56 and a twelve month high of $152.84. The business’s fifty day simple moving average is $127.66 and its two-hundred day simple moving average is $129.00.

The business 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. This represents a $6.56 annualized dividend and a yield of 5.18%. The ex-dividend date was Thursday, February 10th. International Business Machines’s payout ratio is presently 103.31%.

Institutional investors have recently modified their holdings of the stock. IFS Advisors LLC acquired a new position in International Business Machines during the 4th quarter valued at about $28,000. Richwood Investment Advisors LLC purchased a new position in International Business Machines in the fourth quarter valued at approximately $30,000. Ulland Investment Advisors LLC purchased a new position in International Business Machines in the fourth quarter valued at approximately $32,000. Total Clarity Wealth Management Inc. raised its holdings in 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 valued at $34,000 after acquiring an additional 215 shares during the period. Finally, Simon Quick Advisors LLC raised its holdings in International Business Machines by 61.3% during the 3rd quarter. Simon Quick Advisors LLC now owns 263 shares of the technology company’s stock valued at $36,000 after acquiring an additional 100 shares during the period. 54.91% of the stock is owned by institutional investors and hedge funds.

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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