International Business Machines (NYSE:IBM) Issues Quarterly Earnings Results

International Business Machines (NYSE:IBM - Get Free Report) announced its earnings results on Wednesday. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.15, Zacks reports. The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.43% and a net margin of 8.71%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.43 earnings per share. International Business Machines updated its FY 2025 guidance to EPS.

International Business Machines Price Performance

Shares of NYSE IBM traded down $21.45 on Thursday, hitting $260.56. The company's stock had a trading volume of 22,630,739 shares, compared to its average volume of 4,616,772. International Business Machines has a 12-month low of $181.81 and a 12-month high of $296.16. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97. The stock has a 50 day moving average of $277.95 and a 200-day moving average of $255.30. The company has a market capitalization of $242.17 billion, a price-to-earnings ratio of 44.85, a price-to-earnings-growth ratio of 6.01 and a beta of 0.69.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a $1.68 dividend. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a yield of 2.58%. International Business Machines's dividend payout ratio is 115.66%.

Institutional Investors Weigh In On International Business Machines

An institutional investor recently raised its position in International Business Machines stock. Brighton Jones LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,011 shares of the technology company's stock after purchasing an additional 2,323 shares during the quarter. Brighton Jones LLC's holdings in International Business Machines were worth $4,619,000 as of its most recent SEC filing. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

IBM has been the topic of several analyst reports. Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Wedbush raised their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Royal Bank Of Canada upped their target price on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. upped their price objective on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, BMO Capital Markets lifted their target price on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of "Moderate Buy" and an average price target of $268.75.

International Business Machines Company Profile

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.