Company Update (NYSE:IBM): IBM Erases Five Years of Gains Buoyed by Share Buybacks: Chart

[Bloomberg] – IBM tumbled to its lowest in more than five years this week after a disappointing earnings forecast. The shares dropped to $121.86, around the same level as when previous Chief Executive Officer Sam Palmisano … Read more on this. International Business Machines Corporation (IBM) , valued at $118.84B, began trading this morning at $124.67. Today, shares have traded between $121.77 and $124.74 per share with its 52-week range being $118.00 to $176.30. IBM shares are currently priced at 9.10x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 7.89x earnings multiple for the same period. The company pays shareholders $5.20 per share in dividend income per year, for a current yield of 4.06%. According to a consensus of 18 analysts, the earnings estimate of $2.08 per share would be $0.83 worse than the year-ago quarter and a $0.86 sequential decrease. Investors should also note that the full-year EPS estimate of $13.50 is a $1.42 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $18.24 Billion. If reported, that would be a 6.89% decrease over the year-ago quarter. More recently, JMP Securities Initiated IBM at Mkt Outperform (Nov 20, 2015). Previously, Cantor Fitzgerald Initiated IBM at to Hold. Investors should keep in mind is that the average price target is $132.15, which is 6.00% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Company Update (NYSE:IBM): Is IBM Bottoming? Company Update: International Business Machines Corporation (NYSE:IBM) – IBM to Be Laggard Among DJIA Companies in 2015, Again Company Update: International Business Machines Corporation (NYSE:IBM) – IBM Positioned as Leader in Gartner Magic Quadrant for Mobile Application Development Platforms