International Business Machines (NYSE:IBM – Get Rating) will release its earnings data after the market closes on Tuesday, April 19th. Analysts expect International Business Machines to post earnings of $1.35 per share for the quarter.
International Business Machines (NYSE:IBM – Get Rating) last posted its earnings results on Monday, January 24th. The technology company reported $3.35 EPS for the quarter, missing the Zacks’ consensus estimate of $3.39 by ($0.04). International Business Machines had a net margin of 8.11% and a return on equity of 42.49%. The business had revenue of $16.70 billion for the quarter, compared to analyst estimates of $15.96 billion. During the same quarter last year, the business earned $2.07 earnings per share. International Business Machines’s revenue was up 6.5% on a year-over-year basis. On average, analysts expect International Business Machines to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
NYSE:IBM opened at $126.37 on Tuesday. International Business Machines has a 52 week low of $114.56 and a 52 week high of $152.84. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $113.65 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.18 and a beta of 1.10. The stock’s 50-day moving average price is $128.54 and its 200-day moving average price is $129.20.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Investors of record on Friday, February 11th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date was Thursday, February 10th. International Business Machines’s dividend payout ratio is presently 103.31%.
A number of research analysts recently weighed in on IBM shares. BMO Capital Markets raised their price target on shares of International Business Machines from $153.00 to $155.00 and gave the company a “market perform” rating in a research note on Tuesday, January 25th. The Goldman Sachs Group started coverage on shares of International Business Machines in a research note on Sunday, January 9th. They issued a “neutral” rating and a $140.00 price target on the stock. StockNews.com started coverage on shares of International Business Machines in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of International Business Machines from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research note on Tuesday, April 5th. Finally, UBS Group decreased their price target on shares of International Business Machines from $124.00 to $118.00 in a research note on Tuesday, January 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $147.18.
Several hedge funds have recently added to or reduced their stakes in IBM. Richwood Investment Advisors LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at approximately $30,000. Ulland Investment Advisors LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at approximately $32,000. EverSource Wealth Advisors LLC purchased a new stake in shares of International Business Machines during the 4th quarter valued at approximately $64,000. V Wealth Advisors LLC raised its position in shares of International Business Machines by 93.6% during the 4th quarter. V Wealth Advisors LLC now owns 1,715 shares of the technology company’s stock valued at $229,000 after buying an additional 829 shares during the period. Finally, OLD Mission Capital LLC purchased a new stake in shares of International Business Machines during the 3rd quarter valued at approximately $246,000. 54.91% of the stock is currently owned by hedge funds and other 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.