IBM (IBM) Updates FY12 Earnings Guidance
IBM (IBM) issued an update on its FY12 earnings guidance on Tuesday morning. The company provided earnings per share guidance of at least $15.10 for the period.
Several analysts have also recently commented on the stock. Analysts at Macquarie reiterated a neutral rating on shares of IBM in a research note to investors on Tuesday. They now have a $215.00 price target on the stock. On a related note, analysts at Stifel Nicolaus raised their price target on shares of IBM from $221.00 to $243.00 in a research note to investors on Monday. They now have a buy rating on the stock. Finally, analysts at Janney Montgomery Scott reiterated a buy rating on shares of IBM in a research note to investors on Wednesday, October 10th. They now have a $225.00 price target on the stock.
Shares of IBM (IBM) traded up 0.99% during mid-day trading on Tuesday, hitting $211.00. IBM (IBM) has a one year low of $176.17 and a one year high of $211.79. The company has a market cap of $241.1 billion and a P/E ratio of 15.18.
IBM last issued its quarterly earnings data on Tuesday, October 16th. The company reported $3.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.01. IBM’s revenue was down 5.4% compared to the same quarter last year. Analysts expect that IBM (IBM) will post $15.14 EPS for the current fiscal year.
International Business Machines Corporation (IBM) is an information technology (IT) company. IBM operates in five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems and Technology and Global Financing.
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