International Business Machines (IBM) to Release Quarterly Earnings on Wednesday

International Business Machines (NYSE:IBM) is scheduled to post its quarterly earnings results 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 interested in listening to the company’s earnings conference call can do so using this link.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.09. The firm had revenue of $17.38 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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 Stock Up 0.2 %

NYSE:IBM opened at $181.94 on Tuesday. The firm has a market capitalization of $166.79 billion, a P/E ratio of 22.38, a PEG ratio of 3.57 and a beta of 0.70. International Business Machines has a 1-year low of $120.55 and a 1-year high of $199.18. The company’s fifty day moving average price is $188.38 and its 200-day moving average price is $169.59. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93.

International Business Machines Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.65%. International Business Machines’s payout ratio is currently 81.67%.

Analyst Ratings Changes

A number of analysts recently issued reports on IBM shares. Sanford C. Bernstein increased their price target on shares of International Business Machines from $165.00 to $186.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Evercore ISI raised 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 report on Friday, January 19th. Societe Generale reissued a “sell” rating and set a $143.00 price target on shares of International Business Machines in a report on Friday, January 5th. Evercore raised 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 report on Friday, January 19th. Finally, Royal Bank of Canada increased their price target on shares of International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $174.92.

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.