International Business Machines (IBM) Expected to Announce Quarterly Earnings on Wednesday

International Business Machines (NYSE:IBM - Get Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, January 29th. Analysts expect International Business Machines to post earnings of $3.77 per share and revenue of $17,603,738.61 billion for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $2.20 EPS. 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 0.5 %

IBM traded down $1.17 on Wednesday, reaching $223.09. 4,758,940 shares of the company's stock were exchanged, compared to its average volume of 3,578,531. The company has a market cap of $206.28 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 4.81 and a beta of 0.74. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines has a twelve month low of $162.62 and a twelve month high of $239.35. The company's 50 day moving average is $223.36 and its 200-day moving average is $211.82.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines's dividend payout ratio is presently 97.23%.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.07% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on IBM. Stifel Nicolaus raised their price objective on International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Morgan Stanley raised their target price on International Business Machines from $208.00 to $222.00 and gave the company an "equal weight" rating in a report on Monday, December 16th. Jefferies Financial Group upped their price target on International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a report on Monday, October 21st. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, DZ Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 target price for the company. in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $216.87.

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.