International Business Machines Co. (NYSE:IBM – Get Rating) – Investment analysts at Jefferies Financial Group decreased their FY2022 earnings per share (EPS) estimates for shares of International Business Machines in a report issued on Tuesday, July 19th. Jefferies Financial Group analyst K. Mcnealy now expects that the technology company will earn $9.70 per share for the year, down from their prior forecast of $10.10. The consensus estimate for International Business Machines’ current full-year earnings is $9.70 per share. Jefferies Financial Group also issued estimates for International Business Machines’ Q2 2023 earnings at $2.46 EPS, Q4 2023 earnings at $3.22 EPS and FY2023 earnings at $10.55 EPS.

International Business Machines (NYSE:IBM – Get Rating) last issued its earnings results on Monday, July 18th. The technology company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.02. The company had revenue of $15.54 billion for the quarter, compared to the consensus estimate of $15.18 billion. International Business Machines had a return on equity of 43.52% and a net margin of 8.72%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 EPS.

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Other equities research analysts have also recently issued research reports about the company. Credit Suisse Group lowered their price target on International Business Machines from $166.00 to $156.00 and set an “outperform” rating for the company in a research note on Wednesday. Bank of America upped their target price on International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, April 20th. BMO Capital Markets decreased their target price on International Business Machines from $152.00 to $148.00 in a research report on Tuesday. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Morgan Stanley decreased their target price on International Business Machines from $157.00 to $155.00 and set an “overweight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $146.10.

International Business Machines Price Performance

Shares of IBM opened at $129.18 on Thursday. The company has a market capitalization of $116.19 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.60 and a beta of 0.93. The business’s 50-day moving average is $137.51 and its 200-day moving average is $133.17. International Business Machines has a fifty-two week low of $114.56 and a fifty-two week high of $146.00. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.87.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Tuesday, May 10th were paid a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 5.11%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.64. The ex-dividend date was Monday, May 9th. International Business Machines’s dividend payout ratio is presently 107.14%.

Insider Activity at International Business Machines

In other International Business Machines news, major shareholder Business Machine International sold 22,301,536 shares of the stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $13.95, for a total transaction of $311,106,427.20. Following the completion of the transaction, the insider now directly owns 22,301,536 shares in the company, valued at $311,106,427.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. IFS Advisors LLC bought a new stake in shares of International Business Machines during the fourth quarter worth $28,000. Gleason Group Inc. bought a new stake in shares of International Business Machines during the second quarter worth $28,000. Parkside Investments LLC bought a new stake in shares of International Business Machines during the first quarter worth $31,000. Canton Hathaway LLC bought a new position in International Business Machines in the second quarter valued at about $31,000. Finally, Win Advisors Inc. boosted its holdings in International Business Machines by 52.3% in the second quarter. Win Advisors Inc. now owns 236 shares of the technology company’s stock valued at $33,000 after acquiring an additional 81 shares during the last quarter. 55.22% of the stock is currently owned by institutional investors and hedge funds.

About International Business Machines

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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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Earnings History and Estimates for International Business Machines (NYSE:IBM)

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