[PR Newswire] – NEW YORK, Oct. 8, 2015 /PRNewswire/ — Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, and IBM (NYSE: IBM ) today announced they have entered into …
International Business Machines Corporation (IBM), currently valued at $148.36B, opened this morning at $149.69. Shares have traded today between $149.29 and $152.22 per share with its 52-week range being $140.56 to $189.50. IBM shares are currently priced at 9.48x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 12.60x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $5.20 per share annually in dividends, yielding 3.49%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $3.34 per share, which would be $0.34 worse than the year-ago quarter and a $0.37 sequential decrease. The full-year EPS estimate is $15.72, which would be a $0.81 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $19.67 Billion. If realized, that would be a 12.19% decrease