$17.72 Billion in Sales Expected for IBM (NYSE:IBM) This Quarter

Equities research analysts expect that IBM (NYSE:IBM) will post sales of $17.72 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for IBM’s earnings. The highest sales estimate is $18.12 billion and the lowest is $17.21 billion. IBM reported sales of $19.16 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 7.5%. The company is scheduled to issue its next quarterly earnings results on Wednesday, July 15th.

According to Zacks, analysts expect that IBM will report full-year sales of $72.98 billion for the current year, with estimates ranging from $71.58 billion to $75.06 billion. For the next year, analysts forecast that the business will report sales of $74.61 billion, with estimates ranging from $72.07 billion to $76.09 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow IBM.

IBM (NYSE:IBM) last announced its quarterly earnings data on Monday, April 20th. The technology company reported $1.84 EPS for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.05. The business had revenue of $17.57 billion during the quarter, compared to the consensus estimate of $17.62 billion. IBM had a return on equity of 57.55% and a net margin of 11.78%. During the same period in the previous year, the company posted $2.25 earnings per share.

IBM has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price target on IBM from $155.00 to $135.00 in a report on Friday, April 17th. Nomura Securities lowered their price target on IBM from $170.00 to $135.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Credit Suisse Group reaffirmed a “buy” rating and issued a $150.00 price target on shares of IBM in a report on Tuesday, April 21st. Bank of America reaffirmed a “buy” rating and issued a $145.00 price target on shares of IBM in a report on Tuesday, April 21st. Finally, ValuEngine downgraded IBM from a “hold” rating to a “sell” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. IBM presently has an average rating of “Hold” and an average target price of $135.00.

Institutional investors have recently added to or reduced their stakes in the company. Americana Partners LLC purchased a new stake in shares of IBM during the fourth quarter worth approximately $50,000. Keebeck Wealth Management LLC purchased a new stake in shares of IBM during the fourth quarter worth approximately $74,000. Marshall Wace North America L.P. purchased a new stake in shares of IBM during the fourth quarter worth approximately $111,000. Red Door Wealth Management LLC purchased a new stake in shares of IBM during the first quarter worth approximately $118,000. Finally, Patriot Investment Management Inc. purchased a new stake in shares of IBM during the first quarter worth approximately $204,000. Institutional investors and hedge funds own 56.84% of the company’s stock.

IBM traded down $0.26 on Friday, reaching $119.49. The company’s stock had a trading volume of 83,957 shares, compared to its average volume of 5,646,062. The stock has a 50 day moving average of $122.56 and a two-hundred day moving average of $127.93. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $106.27 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 3.04 and a beta of 1.22. IBM has a fifty-two week low of $90.56 and a fifty-two week high of $158.75.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Thursday, May 7th. This is a boost from IBM’s previous quarterly dividend of $1.62. IBM’s dividend payout ratio is 50.90%.

About IBM

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.

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