Company Update: International Business Machines Corporation (NYSE:IBM) – Profits are Booming at IBM — Update on Big Blue

[at Forbes] – It must be a law of nature that an analyst spends most of his or her time on the investment ideas that aren’t working out. I find myself returning again and again to my problem-child investment from last year, IBM. Since recommending what I call a “bond replacement” investment in IBM Read more on this. International Business Machines Corporation (IBM) , with a current value of $128.93B, started trading this morning at $133.65. Looking at the equity, the company’s one day range is $131.13 to $133.78 with its 52-week range being $131.13 to $176.30. IBM (IBM) shares are currently priced at 8.92x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.37x earnings multiple for the same period. The company pays shareholders $5.20 per share in dividend income per year, for a current yield of 3.95%. According to a consensus of 19 analysts, the earnings estimate of $4.82 per share would be $0.99 worse than the year-ago quarter and a $0.82 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $14.94, which would be a $1.59 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.10 Billion. If reported, that would be a 8.34% decrease over the year-ago quarter. In terms of ratings, JMP Securities Initiated IBM at Mkt Outperform (Nov 20, 2015). Previously, Cantor Fitzgerald Initiated IBM at to Hold. The average price target for IBM shares by the analysts covering it is $148.20, which is 10.89% above where the stock opened. See more in (NYSE:IBM) Similar Articles: Company Update: International Business Machines Corporation (NYSE:IBM) – IBM Takes Watson Deeper Into Business Computing Field Company Update: International Business Machines Corporation (NYSE:IBM) – International Business Machines Corp. Earnings: A Mixed Bag for Big Blue Company Update: International Business Machines Corporation (NYSE:IBM) – What to Look For When International Business Machines Corp. Reports Earnings