International Business Machines (NYSE:IBM) released its quarterly earnings data on Wednesday. The technology company reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.28, MarketWatch Earnings reports. International Business Machines had a net margin of 10.53% and a return on equity of 48.69%. During the same period last year, the firm posted $4.71 EPS.
Shares of IBM opened at $118.61 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 2.58. The company’s fifty day moving average is $126.43 and its 200-day moving average is $122.77. The firm has a market cap of $105.69 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 3.36 and a beta of 1.25. International Business Machines has a 12 month low of $90.56 and a 12 month high of $158.75.
In other news, Director Sidney Taurel acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The stock was acquired at an average cost of $110.75 per share, with a total value of $553,750.00. Following the acquisition, the director now owns 28,798 shares in the company, valued at $3,189,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alex Gorsky acquired 4,232 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average cost of $117.86 per share, with a total value of $498,783.52. Following the completion of the acquisition, the director now owns 4,232 shares in the company, valued at approximately $498,783.52. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 13,387 shares of company stock valued at $1,513,946. 0.24% of the stock is owned by insiders.
About International Business Machines
International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, and Internet of Things (IoT), weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.
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