IBM (NYSE:IBM) – Equities research analysts at Wedbush lowered their Q4 2019 earnings estimates for IBM in a research report issued to clients and investors on Tuesday, November 5th. Wedbush analyst M. Katri now expects that the technology company will earn $4.69 per share for the quarter, down from their prior forecast of $4.70. Wedbush has a “Neutral” rating and a $155.00 price objective on the stock. Wedbush also issued estimates for IBM’s Q1 2020 earnings at $2.12 EPS, Q3 2020 earnings at $3.21 EPS, Q4 2020 earnings at $5.00 EPS and FY2020 earnings at $13.32 EPS.
IBM has been the subject of a number of other research reports. UBS Group lowered IBM from a “buy” rating to a “neutral” rating and lowered their target price for the company from $170.00 to $140.00 in a research note on Monday, October 21st. ValuEngine lowered IBM from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 30th. Tigress Financial reiterated a “hold” rating on shares of IBM in a research note on Friday, July 26th. Morgan Stanley assumed coverage on IBM in a research note on Thursday, August 1st. They issued an “overweight” rating and a $170.00 target price for the company. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $173.00 target price on shares of IBM in a research note on Friday, July 19th. 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 company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $154.33.
Shares of IBM stock traded down $0.08 during trading hours on Friday, reaching $137.61. The company had a trading volume of 2,278,373 shares, compared to its average volume of 3,834,238. 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 twelve month low of $105.94 and a twelve month high of $152.95. The company has a market capitalization of $122.12 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The stock’s fifty day simple moving average is $139.20 and its 200 day simple moving average is $138.58.
IBM (NYSE:IBM) last posted its earnings results on Wednesday, October 16th. The technology company reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.01. IBM had a return on equity of 67.12% and a net margin of 10.00%. The business had revenue of $18.03 billion during the quarter, compared to analyst estimates of $18.29 billion. During the same quarter last year, the firm earned $3.42 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Balasa Dinverno & Foltz LLC lifted its holdings in shares of IBM by 12.3% in the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 2,457 shares of the technology company’s stock worth $357,000 after purchasing an additional 269 shares during the last quarter. Little House Capital LLC bought a new stake in shares of IBM in the 3rd quarter worth approximately $894,000. LS Investment Advisors LLC lifted its holdings in shares of IBM by 1.2% in the 3rd quarter. LS Investment Advisors LLC now owns 33,344 shares of the technology company’s stock worth $4,849,000 after purchasing an additional 395 shares during the last quarter. Enterprise Financial Services Corp lifted its holdings in shares of IBM by 3.4% in the 3rd quarter. Enterprise Financial Services Corp now owns 5,093 shares of the technology company’s stock worth $741,000 after purchasing an additional 168 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of IBM by 5.2% in the 3rd quarter. Comerica Bank now owns 308,135 shares of the technology company’s stock worth $41,312,000 after purchasing an additional 15,154 shares during the last quarter. 55.51% of the stock is currently owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Thursday, November 7th. IBM’s dividend payout ratio (DPR) is 46.92%.
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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