International Business Machines (NYSE:IBM – Get Rating) is set to release earnings data after market close on Tuesday, April 19. Analysts expect International Business Machines to post earnings of $1.35 per share for the quarter. Individuals wishing to register for the company’s earnings conference call can do so using this link.
International Business Machines (NYSE:IBM – Get Rating) last released its results on Monday, January 24. The tech company reported EPS of $3.35 for the quarter, missing analyst consensus estimates of $3.39 per ($0.04). The company posted revenue of $16.70 billion for the quarter, compared to $15.96 billion expected by analysts. International Business Machines had a return on equity of 42.49% and a net margin of 8.11%. The company’s revenue for the quarter increased 6.5% on an annual basis. During the same period of the previous year, the company achieved EPS of $2.07. On average, analysts expect International Business Machines to post EPS of $10 for the current fiscal year and EPS of $11 for the next fiscal year.
IBM stock opened Friday at $126.56. International Business Machines has a 52-week low of $114.56 and a 52-week high of $152.84. The stock has a market capitalization of $113.82 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.16 and a beta of 1.10. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt ratio of 2.36. The company has a 50-day simple moving average of $127.66 and a 200-day simple moving average of $128.93.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 10. Investors of record on Friday, February 11 received a dividend of $1.64 per share. The ex-dividend date was Thursday, February 10. This represents an annualized dividend of $6.56 and a yield of 5.18%. International Business Machines’ dividend payout ratio is currently 103.31%.
Several brokerages have recently released reports on IBM. Goldman Sachs Group began covering shares of International Business Machines in a research note on Sunday, January 9. They set a “neutral” rating and a price target of $140.00 for the company. Zacks Investment Research moved shares of International Business Machines from a “buy” rating to a “hold” rating and set a price target of $140.00 for the company. in a research note from Tuesday, April 5. UBS Group lowered its price target on shares of International Business Machines from $124.00 to $118.00 in a Tuesday, January 25 research note. BMO Capital Markets lowered its price target on shares of International Business Machines from $155.00 to $148.00 and set a “market performance” rating for the company in a research note on Wednesday. Finally, StockNews.com began covering shares of International Business Machines in a Thursday, March 31 report. They issued a “buy” rating on the stock. One research analyst rated the stock with a sell rating, five gave the stock a hold rating, and six gave the stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $145.27.
Major investors have recently been buying and selling stocks. OLD Mission Capital LLC purchased a new position in shares of International Business Machines during Q3 for a value of approximately $246,000. V Wealth Advisors LLC increased its position in International Business Machines by 93.6% in the 4th quarter. V Wealth Advisors LLC now owns 1,715 shares of the technology company valued at $229,000 after purchasing an additional 829 shares during the period. EverSource Wealth Advisors LLC bought a new position in International Business Machines in Q4, valued at around $64,000. Ulland Investment Advisors LLC acquired a new stake in shares of International Business Machines in Q4 worth $32,000. Finally, Richwood Investment Advisors LLC acquired a new position in International Business Machines in the fourth quarter worth $30,000. 54.91% of the shares are held by hedge funds and other institutional investors.
About International Trade Machines (Get a rating)
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.
Receive daily news and reviews for International Business Machines – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for International Business Machines and related companies with MarketBeat.com’s free daily email newsletter.