International Business Machines (NYSE:IBM – Get Free Report) released its quarterly earnings results on Wednesday. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.05, Briefing.com reports. The firm had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $2.20 earnings per share.
International Business Machines Trading Down 6.3 %
Shares of International Business Machines stock traded down $14.57 during trading hours on Thursday, reaching $218.18. The stock had a trading volume of 4,330,480 shares, compared to its average volume of 4,192,041. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20. International Business Machines has a 1 year low of $136.33 and a 1 year high of $237.37. The firm has a market capitalization of $200.42 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 5.21 and a beta of 0.70. The firm has a 50 day simple moving average of $214.67 and a two-hundred day simple moving average of $190.05.
International Business Machines Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders 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 yield of 3.06%. The ex-dividend date was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.
Analyst Ratings Changes
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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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