International Business Machines Corporation (IBM) Announces Earnings Results

International Business Machines Corporation (NYSE:IBM) released its quarterly earnings data on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23, Bloomberg Earnings reports. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The business had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $19.45 billion. During the same quarter in the previous year, the business posted $2.95 EPS. International Business Machines Corporation’s revenue for the quarter was down 4.7% on a year-over-year basis.

International Business Machines Corporation (NYSE IBM) opened at 141.84 on Friday. The firm has a market capitalization of $132.19 billion, a price-to-earnings ratio of 11.77 and a beta of 0.97. International Business Machines Corporation has a one year low of $141.19 and a one year high of $182.79. The firm has a 50-day moving average price of $149.20 and a 200-day moving average price of $162.50.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Thursday, August 10th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is 49.88%.

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In related news, Director James W. Owens purchased 1,718 shares of International Business Machines Corporation stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. ETRADE Capital Management LLC acquired a new stake in International Business Machines Corporation during the second quarter valued at about $207,000. Hugh Johnson Advisors LLC raised its stake in International Business Machines Corporation by 0.9% in the second quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock valued at $216,000 after buying an additional 12 shares in the last quarter. Rench Wealth Management Inc. raised its stake in International Business Machines Corporation by 1.0% in the second quarter. Rench Wealth Management Inc. now owns 1,486 shares of the technology company’s stock valued at $229,000 after buying an additional 14 shares in the last quarter. TLP Group LLC acquired a new stake in International Business Machines Corporation during the second quarter valued at about $252,000. Finally, WealthPLAN Partners LLC raised its stake in International Business Machines Corporation by 1,543.9% in the second quarter. WealthPLAN Partners LLC now owns 2,285 shares of the technology company’s stock valued at $352,000 after buying an additional 2,146 shares in the last quarter. Institutional investors own 58.73% of the company’s stock.

Several equities analysts have recently weighed in on IBM shares. Jefferies Group LLC set a $135.00 price objective on International Business Machines Corporation and gave the company a “sell” rating in a report on Friday, May 19th. Drexel Hamilton reiterated a “buy” rating and set a $200.00 price objective (down previously from $215.00) on shares of International Business Machines Corporation in a report on Saturday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a report on Friday, July 21st. Bank of America Corporation reiterated a “buy” rating and set a $180.00 price objective (down previously from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, April 19th. Finally, TheStreet cut International Business Machines Corporation to a “hold” rating in a report on Friday, April 21st. Seven analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company. International Business Machines Corporation presently has an average rating of “Hold” and an average price target of $157.40.

International Business Machines Corporation Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Earnings History for International Business Machines Corporation (NYSE:IBM)

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