Wall Street analysts expect that IBM Common Stock (NYSE:IBM) will post $3.04 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for IBM Common Stock’s earnings, with the highest EPS estimate coming in at $3.07 and the lowest estimate coming in at $2.96. IBM Common Stock posted earnings per share of $2.97 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.4%. The company is expected to issue its next earnings results after the market closes on Wednesday, July 18th.

On average, analysts expect that IBM Common Stock will report full-year earnings of $13.83 per share for the current year, with EPS estimates ranging from $13.77 to $14.00. For the next fiscal year, analysts expect that the firm will post earnings of $14.05 per share, with EPS estimates ranging from $13.50 to $14.44. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover IBM Common Stock.

IBM Common Stock (NYSE:IBM) last issued its quarterly earnings results on Tuesday, April 17th. The technology company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.03. IBM Common Stock had a return on equity of 69.71% and a net margin of 7.10%. The firm had revenue of $19.07 billion during the quarter, compared to the consensus estimate of $18.80 billion. During the same period last year, the company earned $2.35 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis.

Several brokerages have recently weighed in on IBM. ValuEngine downgraded IBM Common Stock from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. BMO Capital Markets restated a “hold” rating and set a $175.00 price target on shares of IBM Common Stock in a report on Friday, March 9th. Pivotal Research set a $180.00 price target on IBM Common Stock and gave the company a “buy” rating in a report on Tuesday, March 20th. Guggenheim restated a “hold” rating on shares of IBM Common Stock in a report on Thursday, April 19th. Finally, Zacks Investment Research downgraded IBM Common Stock from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $167.64.

Shares of IBM Common Stock traded up $0.03, hitting $141.28, on Friday, Marketbeat reports. 5,978,837 shares of the company traded hands, compared to its average volume of 4,008,933. IBM Common Stock has a 52 week low of $139.13 and a 52 week high of $171.13. 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 company has a market capitalization of $129.66 billion, a PE ratio of 10.24, a PEG ratio of 2.06 and a beta of 0.90.

The company also recently announced a quarterly dividend, which was paid on Saturday, June 9th. Shareholders of record on Thursday, May 10th were given a $1.57 dividend. This represents a $6.28 annualized dividend and a yield of 4.45%. This is a boost from IBM Common Stock’s previous quarterly dividend of $1.50. The ex-dividend date was Wednesday, May 9th. IBM Common Stock’s dividend payout ratio (DPR) is presently 45.51%.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in IBM Common Stock by 5.4% in the fourth quarter. BlackRock Inc. now owns 57,755,152 shares of the technology company’s stock worth $8,860,797,000 after purchasing an additional 2,960,682 shares during the last quarter. Geode Capital Management LLC boosted its position in IBM Common Stock by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 9,958,435 shares of the technology company’s stock worth $1,524,875,000 after purchasing an additional 259,304 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in IBM Common Stock by 4.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 5,053,040 shares of the technology company’s stock worth $775,238,000 after purchasing an additional 226,538 shares during the last quarter. American International Group Inc. boosted its position in IBM Common Stock by 9.6% in the fourth quarter. American International Group Inc. now owns 3,495,761 shares of the technology company’s stock worth $536,320,000 after purchasing an additional 306,582 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in IBM Common Stock by 181.2% in the fourth quarter. Renaissance Technologies LLC now owns 3,115,200 shares of the technology company’s stock worth $477,934,000 after purchasing an additional 2,007,513 shares during the last quarter. 55.96% of the stock is currently owned by institutional investors and hedge funds.

About IBM Common Stock

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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