International Business Machines (IBM) Scheduled to Post Quarterly Earnings on Wednesday

International Business Machines (NYSE:IBM - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $2.25 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.16 by $0.27. The company had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The business's revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.18 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 Price Performance

Shares of IBM traded up $0.68 during trading hours on Wednesday, reaching $233.64. The company had a trading volume of 2,842,246 shares, compared to its average volume of 4,188,823. The company has a market capitalization of $214.62 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 5.21 and a beta of 0.70. International Business Machines has a 12-month low of $135.87 and a 12-month high of $237.37. The firm has a 50 day simple moving average of $209.64 and a 200-day simple moving average of $188.23. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a dividend of $1.67 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.86%. International Business Machines's payout ratio is 75.65%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IBM. Bank of America raised their price objective on International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised their price target on International Business Machines from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Evercore ISI boosted their price objective on shares of International Business Machines from $215.00 to $240.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 11th. BMO Capital Markets raised their target price on shares of International Business Machines from $190.00 to $210.00 and gave the company a "market perform" rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada upped their price target on shares of International Business Machines from $211.00 to $250.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, International Business Machines currently has an average rating of "Hold" and an average target price of $200.82.

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.