Equities research analysts expect International Business Machines Co. (NYSE:IBM – Get Rating) to post $13.73 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for International Business Machines’ earnings. The highest sales estimate is $13.91 billion and the lowest is $13.50 billion. International Business Machines reported sales of $17.73 billion during the same quarter last year, which indicates a negative year over year growth rate of 22.6%. The company is expected to announce its next earnings results after the market closes on Monday, January 1st.
On average, analysts expect that International Business Machines will report full-year sales of $60.55 billion for the current year, with estimates ranging from $60.24 billion to $61.01 billion. For the next fiscal year, analysts forecast that the firm will report sales of $63.13 billion, with estimates ranging from $62.37 billion to $64.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover International Business Machines.
International Business Machines (NYSE:IBM – Get Rating) last released its earnings results on Monday, January 24th. The technology company reported $3.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.39 by ($0.04). International Business Machines had a return on equity of 42.49% and a net margin of 8.11%. The firm had revenue of $16.70 billion during the quarter, compared to analyst estimates of $15.96 billion. During the same quarter last year, the business posted $2.07 EPS. The firm’s revenue was up 6.5% on a year-over-year basis.
A number of large investors have recently bought and sold shares of IBM. IFS Advisors LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth about $28,000. Richwood Investment Advisors LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth about $30,000. Ulland Investment Advisors LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth about $32,000. Total Clarity Wealth Management Inc. boosted its stake in shares of International Business Machines by 537.5% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company’s stock worth $34,000 after purchasing an additional 215 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its stake in shares of International Business Machines by 61.3% during the 3rd quarter. Simon Quick Advisors LLC now owns 263 shares of the technology company’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 54.91% of the company’s stock.
Shares of IBM stock traded down $0.39 during mid-day trading on Monday, hitting $126.17. The stock had a trading volume of 4,855,426 shares, compared to its average volume of 5,248,992. International Business Machines has a fifty-two week low of $114.56 and a fifty-two week high of $152.84. The firm has a market cap of $113.47 billion, a PE ratio of 19.87, a PEG ratio of 1.16 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.88 and a quick ratio of 0.83. The company’s 50-day simple moving average is $127.44 and its 200-day simple moving average is $128.73.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 10th. Shareholders of record on Friday, February 11th were issued a dividend of $1.64 per share. The ex-dividend date was Thursday, February 10th. This represents a $6.56 annualized dividend and a yield of 5.20%. International Business Machines’s dividend payout ratio (DPR) is currently 103.31%.
About International Business Machines (Get Rating)
International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.
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