International Business Machines (IBM) is expected to release quarterly results on Wednesday
International Business Machines (NYSE:IBM – Get Rating) is expected to report earnings after market close on Wednesday, October 19. Analysts expect the company to report earnings of $1.88 per share for the quarter. Investors wishing to register for the company’s conference call can do so using this link.
International Business Machines (NYSE:IBM – Get Rating) last announced its results on Monday, July 18. The technology company reported earnings per share of $2.31 for the quarter, beating the consensus estimate of $2.29 by $0.02. International Business Machines posted a net margin of 8.72% and a return on equity of 43.52%. The company posted revenue of $15.54 billion in the quarter, versus a consensus estimate of $15.18 billion. In the same period a year earlier, the company earned earnings per share of $2.33. The company’s quarterly revenue increased by 9.3% compared to the same quarter last year. On average, analysts expect International Business Machines to post EPS of $9 for the current fiscal year and EPS of $10 for the next fiscal year.
International trading machines are trading up 0.0%
NYSE IBM opened at $117.80 on Wednesday. International Business Machines has a 12-month low of $114.56 and a 12-month high of $144.94. The company has a debt ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.82. The company has a market capitalization of $106.39 billion, a price-to-earnings ratio of 19.12, a growth price-to-earnings ratio of 1.81 and a beta of 0.84. The company’s fifty-day moving average price is $128.37 and its two-hundred-day moving average price is $132.48.
International Business Machines Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 10. Shareholders of record on Wednesday August 10 received a dividend of $1.65 per share. The ex-dividend date was Tuesday, August 9. This represents a dividend of $6.60 on an annualized basis and a yield of 5.60%. The dividend payout ratio (DPR) of International Business Machines is 107.14%.
Insider Buying and Selling at International Business Machines
Separately, director David N. Farr bought 1,000 shares in a trade on Thursday, September 15. The shares were purchased at an average price of $125.00 per share, with a total value of $125,000.00. Following the purchase, the director now owns 1,000 shares of the company, valued at $125,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. 0.04% of the shares are held by insiders.
Hedge funds weigh on international trading machines
Several large investors have recently changed their positions in the company. Range Financial Group LLC bought a new position in shares of International Business Machines during Q1 worth approximately $822,000. Gamco Investors Inc. ET AL increased its holdings of International Business Machines shares by 3.8% in the first quarter. Gamco Investors Inc. ET AL now owns 37,346 shares of the technology company worth $4,856,000 after purchasing an additional 1,361 shares during the period. Continuum Advisory LLC acquired a new position in shares of International Business Machines in the first quarter worth approximately $614,000. Avalon Investment & Advisory increased its holdings of International Business Machines shares by 2.6% in the first quarter. Avalon Investment & Advisory now owns 394,483 shares of the technology company worth $51,291,000 after buying 9,926 additional shares during the period. Finally, Linscomb & Williams Inc. increased its holdings of International Business Machines shares by 3.3% in the first quarter. Linscomb & Williams Inc. now owns 51,516 shares of the technology company worth $6,698,000 after purchasing an additional 1,629 shares during the period. Institutional investors hold 55.52% of the company’s shares.
A Wall Street analyst gives his opinion
A number of research analysts have commented on the headline. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a Monday, Oct. 3 research note. Societe Generale lowered its price target on shares of International Business Machines to $129.00 in a Tuesday, September 13 report. BMO Capital Markets lowered its price target on shares of International Business Machines from $152.00 to $148.00 in a Tuesday, July 19 report. UBS Group lowered its price target on shares of International Business Machines from $118.00 to $112.00 in a Wednesday, September 28 report. Finally, Credit Suisse Group raised its price target on International Business Machines shares from $156.00 to $163.00 and gave the stock an “outperform” rating in a Wednesday, August 17 report. . One investment analyst gave the stock a sell rating, three gave the company a hold rating and six gave the company a buy rating. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and a consensus target price of $141.80.
About International Trade Machines
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International Business Machines Corporation provides integrated solutions and services worldwide. The Company operates through four business segments: Software, Consulting, Infrastructure and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open source solution; enterprise automation software, AIOps and management, integration and application servers; data and artificial intelligence solutions; and security software and services for threats, data and identity.
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