International Business Machines (NYSE:IBM – Get Rating) is set to release its earnings data after the market closes on Monday, July 18th. Analysts expect International Business Machines to post earnings of $2.29 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
International Business Machines (NYSE:IBM – Get Rating) last announced its quarterly earnings data on Tuesday, April 19th. The technology company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $13.84 billion. International Business Machines had a return on equity of 42.14% and a net margin of 8.21%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 earnings per share. On average, analysts expect International Business Machines to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
International Business Machines Stock Performance
Shares of International Business Machines stock opened at $139.92 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 2.44. The firm has a market capitalization of $125.85 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.56 and a beta of 0.93. The business has a fifty day simple moving average of $137.43 and a two-hundred day simple moving average of $133.18. International Business Machines has a 12 month low of $114.56 and a 12 month high of $146.00.
International Business Machines Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Tuesday, May 10th were given a dividend of $1.65 per share. The ex-dividend date of this dividend was Monday, May 9th. This represents a $6.60 annualized dividend and a yield of 4.72%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.64. International Business Machines’s dividend payout ratio (DPR) is currently 108.20%.
Analyst Upgrades and Downgrades
Several brokerages have commented on IBM. Morgan Stanley raised their price objective on International Business Machines from $150.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. Bank of America lifted their price target on International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, April 20th. Credit Suisse Group lifted their price target on International Business Machines from $165.00 to $166.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 20th. BMO Capital Markets lifted their price target on International Business Machines from $148.00 to $152.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 20th. Finally, StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average price target of $147.25.
Insider Buying and Selling at International Business Machines
In other International Business Machines news, major shareholder Business Machine International sold 22,301,536 shares of the business’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the completion of the sale, the insider now directly owns 22,301,536 shares in the company, valued at approximately $311,106,427.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.
Institutional Investors Weigh In On International Business Machines
A number of large investors have recently made changes to their positions in the company. Range Financial Group LLC bought a new position in shares of International Business Machines during the 1st quarter valued at approximately $822,000. Gamco Investors INC. ET AL grew its stake in shares of International Business Machines by 3.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 37,346 shares of the technology company’s stock valued at $4,856,000 after acquiring an additional 1,361 shares during the period. Continuum Advisory LLC bought a new position in shares of International Business Machines during the 1st quarter valued at approximately $614,000. Avalon Investment & Advisory grew its stake in shares of International Business Machines by 2.6% during the 1st quarter. Avalon Investment & Advisory now owns 394,483 shares of the technology company’s stock valued at $51,291,000 after acquiring an additional 9,926 shares during the period. Finally, Linscomb & Williams Inc. grew its stake in shares of International Business Machines by 3.3% during the 1st quarter. Linscomb & Williams Inc. now owns 51,516 shares of the technology company’s stock valued at $6,698,000 after acquiring an additional 1,629 shares during the period. 55.22% of the stock is currently owned by institutional investors.
About International Business Machines
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 solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.
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