International Business Machines (IBM) Set to Announce Earnings on Wednesday

International Business Machines (NYSE:IBM) is set to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect International Business Machines to post earnings of $1.59 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.09. The firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.60 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 Trading Up 1.4 %

Shares of NYSE IBM opened at $183.77 on Wednesday. The firm’s 50 day moving average price is $188.63 and its 200-day moving average price is $168.44. The company has a market cap of $168.47 billion, a PE ratio of 22.60, a P/E/G ratio of 3.57 and a beta of 0.70. International Business Machines has a 52-week low of $120.55 and a 52-week high of $199.18. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.93 and a current ratio of 0.96.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Stockholders of record on Friday, February 9th were paid a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a dividend yield of 3.61%. International Business Machines’s dividend payout ratio is presently 81.67%.

Institutional Trading of International Business Machines

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Planning Group LLC purchased a new stake in International Business Machines during the second quarter worth $28,000. Live Oak Investment Partners purchased a new stake in International Business Machines during the fourth quarter worth $30,000. PCA Investment Advisory Services Inc. purchased a new stake in International Business Machines during the second quarter worth $31,000. Pacific Center for Financial Services purchased a new stake in International Business Machines during the first quarter worth $41,000. Finally, Compass Wealth Management LLC purchased a new stake in International Business Machines during the fourth quarter worth $48,000. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IBM shares. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Evercore upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Societe Generale restated a “sell” rating and set a $143.00 price objective on shares of International Business Machines in a research report on Friday, January 5th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, BMO Capital Markets lifted their price target on shares of International Business Machines from $155.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $178.08.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.