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

International Business Machines (NYSE:IBM - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.59 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company had revenue of $17.38 billion for the quarter, compared to analysts' expectations of $17.29 billion. During the same quarter in the previous year, the firm posted $3.60 earnings per share. International Business Machines's revenue for the quarter was up 4.1% 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.

International Business Machines Trading Down 0.4 %

Shares of International Business Machines stock traded down $0.70 during trading on Wednesday, hitting $183.05. The company's stock had a trading volume of 3,002,863 shares, compared to its average volume of 4,829,810. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93. The stock has a market cap of $167.81 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 3.55 and a beta of 0.70. The stock has a 50-day moving average price of $188.63 and a two-hundred day moving average price of $168.44. International Business Machines has a 52 week low of $120.55 and a 52 week high of $199.18.


International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were given a dividend of $1.66 per share. The ex-dividend date was Thursday, February 8th. This represents a $6.64 dividend on an annualized basis and a yield of 3.63%. International Business Machines's dividend payout ratio (DPR) is currently 81.67%.

Wall Street Analyst Weigh In

IBM has been the topic of a number of research analyst reports. Sanford C. Bernstein upped their price target 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. BMO Capital Markets upped their price target on shares of International Business Machines from $155.00 to $210.00 and gave the company a "market perform" rating in a research report on Thursday, January 25th. Stifel Nicolaus reaffirmed a "buy" rating and set a $190.00 price target on shares of International Business Machines in a research report on Wednesday. Evercore raised shares of International Business Machines from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Finally, Bank of America increased their price objective on shares of International Business Machines from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $178.67.

View Our Latest Report on IBM

Institutional Investors Weigh In On International Business Machines

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of International Business Machines by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 82,605,859 shares of the technology company's stock worth $13,510,188,000 after acquiring an additional 529,664 shares during the last quarter. Morgan Stanley increased its stake in International Business Machines by 22.8% in the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company's stock valued at $2,337,660,000 after buying an additional 3,084,458 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in International Business Machines by 7.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company's stock valued at $2,119,007,000 after buying an additional 1,105,170 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in International Business Machines by 98,797.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company's stock valued at $1,553,876,000 after buying an additional 11,017,849 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in International Business Machines by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,130,808 shares of the technology company's stock valued at $966,020,000 after buying an additional 77,916 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Company Profile

(Get Free Report)

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.

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Earnings History for International Business Machines (NYSE:IBM)

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