International Business Machines (NYSE:IBM – Get Free Report) posted its quarterly earnings data on Wednesday. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03, Briefing.com reports. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business had revenue of $14.97 billion for the quarter, compared to analysts’ expectations of $15.08 billion. During the same quarter last year, the firm earned $2.20 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis.
International Business Machines Stock Down 1.7 %
Shares of International Business Machines stock opened at $214.57 on Friday. 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 firm has a market cap of $197.65 billion, a P/E ratio of 23.66, a P/E/G ratio of 4.84 and a beta of 0.70. International Business Machines has a fifty-two week low of $141.58 and a fifty-two week high of $237.37. The business has a 50-day moving average price of $215.58 and a 200 day moving average price of $190.42.
International Business Machines Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Friday, August 9th. International Business Machines’s payout ratio is 73.65%.
Analyst Ratings Changes
Read Our Latest Research Report on IBM
About International Business Machines
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.
See Also
- Five stocks we like better than International Business Machines
- How Technical Indicators Can Help You Find Oversold Stocks
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- How to Invest in the FAANG Stocks
- MarketBeat Week in Review – 10/21- 10/25
- How to Calculate Options Profits
- Texas Roadhouse Stock Steering for New Highs This Year
Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.