IBM (NYSE:IBM) announced a quarterly dividend on Tuesday, October 29th, Fidelity reports. Shareholders of record on Friday, November 8th will be given a dividend of 1.62 per share by the technology company on Tuesday, December 10th. This represents a $6.48 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Thursday, November 7th.
IBM stock traded up $0.67 during midday trading on Tuesday, reaching $138.34. 69,264 shares of the company were exchanged, compared to its average volume of 4,198,258. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.04 and a current ratio of 1.09. IBM has a 1-year low of $105.94 and a 1-year high of $152.95. The stock’s 50-day simple moving average is $139.42 and its 200 day simple moving average is $138.61. The company has a market cap of $120.03 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 2.12 and a beta of 1.34.
IBM (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 16th. The technology company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.01. The company had revenue of $18.03 billion for the quarter, compared to analysts’ expectations of $18.29 billion. IBM had a net margin of 10.00% and a return on equity of 67.12%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the company earned $3.42 earnings per share. On average, research analysts anticipate that IBM will post 12.8 earnings per share for the current year.
A number of equities analysts recently weighed in on the stock. ValuEngine lowered shares of IBM from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 30th. KeyCorp restated a “hold” rating on shares of IBM in a research report on Monday, August 26th. JPMorgan Chase & Co. restated a “neutral” rating and set a $152.00 target price on shares of IBM in a research report on Monday, August 12th. Stifel Nicolaus set a $169.00 target price on shares of IBM and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets decreased their target price on shares of IBM from $157.00 to $152.00 and set a “market perform” rating on the stock in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $154.33.
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.
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