IBM (IBM) Expected to Post Q4 2018 Earnings of $4.85 Per Share

IBM (NYSE:IBM) – Investment analysts at Wedbush lowered their Q4 2018 earnings per share (EPS) estimates for shares of IBM in a research report issued to clients and investors on Wednesday, October 17th. Wedbush analyst M. Katri now anticipates that the technology company will post earnings per share of $4.85 for the quarter, down from their previous estimate of $4.98. Wedbush currently has a “Neutral” rating and a $165.00 price target on the stock.

A number of other equities analysts also recently weighed in on the company. Zacks Investment Research raised IBM from a “sell” rating to a “hold” rating in a research report on Thursday. Argus downgraded IBM from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine downgraded IBM from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $160.00 price target on shares of IBM in a research report on Wednesday. Finally, Bank of America reissued a “buy” rating and set a $200.00 price target on shares of IBM in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $167.39.

NYSE:IBM opened at $130.55 on Friday. The stock has a market capitalization of $122.36 billion, a P/E ratio of 9.49, a P/E/G ratio of 1.96 and a beta of 0.87. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.27 and a current ratio of 1.31. IBM has a 52-week low of $130.04 and a 52-week high of $171.13.

IBM (NYSE:IBM) last released its earnings results on Tuesday, October 16th. The technology company reported $3.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.40 by $0.02. The business had revenue of $18.76 billion for the quarter, compared to the consensus estimate of $19.04 billion. IBM had a return on equity of 69.98% and a net margin of 7.12%. IBM’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.30 earnings per share.

In related news, insider Diane J. Gherson sold 11,451 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $145.42, for a total value of $1,665,204.42. Following the completion of the sale, the insider now directly owns 19,114 shares in the company, valued at $2,779,557.88. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.17% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Swedbank boosted its stake in shares of IBM by 214.6% in the third quarter. Swedbank now owns 1,123,724 shares of the technology company’s stock valued at $169,918,000 after buying an additional 766,478 shares during the period. Coastline Trust Co boosted its stake in shares of IBM by 14.7% in the second quarter. Coastline Trust Co now owns 19,353 shares of the technology company’s stock valued at $2,704,000 after buying an additional 2,475 shares during the period. Schroder Investment Management Group boosted its stake in shares of IBM by 24.1% in the second quarter. Schroder Investment Management Group now owns 1,854,109 shares of the technology company’s stock valued at $259,649,000 after buying an additional 359,868 shares during the period. Adams Asset Advisors LLC boosted its stake in shares of IBM by 14.0% in the third quarter. Adams Asset Advisors LLC now owns 48,705 shares of the technology company’s stock valued at $7,364,000 after buying an additional 5,970 shares during the period. Finally, Berkshire Asset Management LLC PA boosted its stake in shares of IBM by 2.4% in the third quarter. Berkshire Asset Management LLC PA now owns 20,690 shares of the technology company’s stock valued at $3,129,000 after buying an additional 481 shares during the period. Institutional investors and hedge funds own 55.42% of the company’s stock.

IBM Company Profile

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 (NYSE:IBM)

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