Zacks Research Research Analysts Lower Earnings Estimates for International Business Machines Co. (NYSE:IBM)

International Business Machines Co. (NYSE:IBM - Free Report) - Equities research analysts at Zacks Research decreased their Q3 2024 EPS estimates for shares of International Business Machines in a research note issued on Monday, May 13th. Zacks Research analyst S. Bose now anticipates that the technology company will earn $2.20 per share for the quarter, down from their previous forecast of $2.23. The consensus estimate for International Business Machines' current full-year earnings is $9.92 per share. Zacks Research also issued estimates for International Business Machines' Q3 2025 earnings at $2.84 EPS and FY2025 earnings at $9.98 EPS.

Several other research analysts have also recently issued reports on the stock. UBS Group upped their target price on shares of International Business Machines from $125.00 to $130.00 and gave the company a "sell" rating in a report on Monday, April 22nd. Bank of America increased their price target on shares of International Business Machines from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, March 14th. Wedbush increased their price target on shares of International Business Machines from $140.00 to $160.00 and gave the stock a "neutral" rating in a research note on Thursday, April 25th. Evercore ISI upgraded shares of International Business Machines from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $165.00 to $200.00 in a research note on Friday, January 19th. Finally, BNP Paribas initiated coverage on shares of International Business Machines in a research note on Thursday, May 2nd. They set an "underperform" rating and a $145.00 price target for the company. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $181.29.

International Business Machines Stock Down 0.1 %

Shares of International Business Machines stock traded down $0.20 during trading hours on Tuesday, hitting $167.36. The company had a trading volume of 2,600,063 shares, compared to its average volume of 4,845,515. The company's 50-day moving average is $183.50 and its two-hundred day moving average is $172.69. International Business Machines has a twelve month low of $122.34 and a twelve month high of $199.18. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The company has a market cap of $153.74 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 4.11 and a beta of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The company had revenue of $14.46 billion during the quarter, compared to analysts' expectations of $14.53 billion. During the same quarter in the previous year, the business posted $1.36 EPS. The firm's revenue was up 1.5% on a year-over-year basis.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from International Business Machines's previous quarterly dividend of $1.66. International Business Machines's dividend payout ratio is currently 75.65%.

Institutional Investors Weigh In On International Business Machines

A number of large investors have recently added to or reduced their stakes in IBM. Canada Pension Plan Investment Board boosted its position in International Business Machines by 4,917.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 281,501 shares of the technology company's stock valued at $53,755,000 after buying an additional 275,891 shares during the last quarter. Capital World Investors acquired a new position in shares of International Business Machines in the first quarter worth about $61,865,000. Atalanta Sosnoff Capital LLC lifted its stake in shares of International Business Machines by 2.8% in the first quarter. Atalanta Sosnoff Capital LLC now owns 94,103 shares of the technology company's stock worth $17,970,000 after acquiring an additional 2,559 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of International Business Machines by 5.3% in the first quarter. Axxcess Wealth Management LLC now owns 16,174 shares of the technology company's stock worth $3,089,000 after acquiring an additional 817 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in shares of International Business Machines by 7.3% in the first quarter. EP Wealth Advisors LLC now owns 28,273 shares of the technology company's stock worth $5,399,000 after acquiring an additional 1,935 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

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.