International Business Machines Co. (NYSE:IBM – Get Rating) – Stock analysts at Zacks Research updated their Q3 2023 earnings estimates for International Business Machines in a research note issued on Thursday, April 13th. Zacks Research analyst S. Bose now expects that the technology company will post earnings per share of $2.10 for the quarter, up from their prior forecast of $2.09. The consensus estimate for International Business Machines’ current full-year earnings is $9.45 per share. Zacks Research also issued estimates for International Business Machines’ Q4 2023 earnings at $3.67 EPS, FY2023 earnings at $9.09 EPS, Q3 2024 earnings at $2.19 EPS, Q4 2024 earnings at $3.26 EPS, FY2024 earnings at $9.56 EPS, Q1 2025 earnings at $2.21 EPS and FY2025 earnings at $10.66 EPS.
A number of other brokerages have also weighed in on IBM. Stifel Nicolaus lifted their price target on shares of International Business Machines from $140.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, January 23rd. Morgan Stanley lowered their target price on International Business Machines from $148.00 to $143.00 in a report on Thursday, January 26th. Edward Jones cut International Business Machines from a “buy” rating to a “hold” rating in a report on Monday, February 6th. Moffett Nathanson upgraded International Business Machines from an “underperform” rating to a “market perform” rating and set a $140.00 target price for the company in a report on Tuesday, January 24th. Finally, Citigroup boosted their target price on International Business Machines from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, January 26th. One equity research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average target price of $143.36.
International Business Machines Stock Up 0.2 %
Shares of International Business Machines stock opened at $128.14 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.92 and a quick ratio of 0.87. International Business Machines has a 1 year low of $115.54 and a 1 year high of $153.21. The business has a 50-day moving average of $129.99 and a two-hundred day moving average of $135.31. The company has a market capitalization of $116.24 billion, a P/E ratio of 72.81, a price-to-earnings-growth ratio of 3.52 and a beta of 0.85.
International Business Machines (NYSE:IBM – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The technology company reported $3.60 earnings per share for the quarter, missing analysts’ consensus estimates of $3.61 by ($0.01). International Business Machines had a return on equity of 41.24% and a net margin of 2.71%. The firm had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.38 billion. During the same period in the prior year, the business earned $3.35 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year.
International Business Machines Announces Dividends
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 10th were issued a $1.65 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 5.15%. International Business Machines’s payout ratio is 375.00%.
Institutional Investors Weigh In On International Business Machines
A number of institutional investors and hedge funds have recently modified their holdings of IBM. Moneta Group Investment Advisors LLC boosted its stake in shares of International Business Machines by 98,797.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock worth $1,553,876,000 after acquiring an additional 11,017,849 shares during the period. Norges Bank bought a new position in shares of International Business Machines in the fourth quarter valued at about $876,014,000. Morgan Stanley boosted its holdings in shares of International Business Machines by 22.8% during the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after acquiring an additional 3,084,458 shares during the period. Edmp Inc. boosted its holdings in shares of International Business Machines by 14,357.1% during the fourth quarter. Edmp Inc. now owns 2,401,470 shares of the technology company’s stock worth $17,045,000 after acquiring an additional 2,384,859 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of International Business Machines by 2.2% during the third quarter. Vanguard Group Inc. now owns 79,079,065 shares of the technology company’s stock worth $9,395,384,000 after acquiring an additional 1,709,934 shares during the period. 55.90% of the stock is owned by institutional investors.
About International Business Machines
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International Business Machines Corp. is an information technology company, which engages in the provision of integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Software, Consulting, Infrastructure, Financing, and Other.
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