International Business Machines (NYSE:IBM – Get Free Report) issued its quarterly earnings results on Wednesday. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03, Briefing.com reports. International Business Machines had a net margin of 13.52% and a return on equity of 40.59%. The company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis.
International Business Machines Price Performance
Shares of NYSE IBM traded down $3.82 during midday trading on Friday, hitting $214.57. The company had a trading volume of 8,480,090 shares, compared to its average volume of 4,245,906. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The business has a 50-day simple moving average of $215.16 and a two-hundred day simple moving average of $190.25. International Business Machines has a twelve month low of $141.58 and a twelve month high of $237.37. The firm has a market capitalization of $197.10 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 5.21 and a beta of 0.70.
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 issued a $1.67 dividend. 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 3.11%. International Business Machines’s dividend payout ratio is presently 75.65%.
Analysts Set New Price Targets
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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.
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