International Business Machines Co. Forecasted to Post Q4 2024 Earnings of $4.08 Per Share (NYSE:IBM)

International Business Machines Co. (NYSE:IBMFree Report) – Wedbush issued their Q4 2024 EPS estimates for shares of International Business Machines in a research report issued on Thursday, January 25th. Wedbush analyst M. Katri forecasts that the technology company will post earnings of $4.08 per share for the quarter. Wedbush currently has a “Neutral” rating and a $140.00 target price on the stock. The consensus estimate for International Business Machines’ current full-year earnings is $10.03 per share.

Other equities analysts have also issued reports about the company. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Jefferies Financial Group started coverage on International Business Machines in a report on Friday, January 5th. They issued a “hold” rating and a $180.00 price target on the stock. Royal Bank of Canada upped their target price on International Business Machines from $179.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Morgan Stanley dropped their price objective on International Business Machines from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, October 17th. Finally, Evercore ISI raised International Business Machines from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $200.00 in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $171.92.

Check Out Our Latest Stock Report on International Business Machines

International Business Machines Stock Up 0.4 %

Shares of IBM stock opened at $187.83 on Monday. The stock has a market cap of $171.51 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 3.68 and a beta of 0.76. International Business Machines has a one year low of $120.55 and a one year high of $196.90. The stock has a fifty day moving average price of $164.48 and a 200 day moving average price of $151.24. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.96 and a quick ratio of 0.93.

International Business Machines (NYSE:IBMGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.09. The business had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $3.60 earnings per share.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 9th. Shareholders of record on Friday, February 9th will be paid a dividend of $1.66 per share. This represents a $6.64 dividend on an annualized basis and a dividend yield of 3.54%. International Business Machines’s dividend payout ratio is presently 81.67%.

Hedge Funds Weigh In On International Business Machines

Hedge funds have recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P lifted its position in shares of International Business Machines by 97.6% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 257,335 shares of the technology company’s stock worth $33,459,000 after purchasing an additional 127,093 shares in the last quarter. Roundview Capital LLC bought a new stake in International Business Machines during the 1st quarter valued at $203,000. Sei Investments Co. grew its position in International Business Machines by 35.7% during the first quarter. Sei Investments Co. now owns 177,599 shares of the technology company’s stock valued at $23,157,000 after buying an additional 46,756 shares during the period. Candriam Luxembourg S.C.A. boosted its position in International Business Machines by 1.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 95,662 shares of the technology company’s stock worth $12,438,000 after purchasing an additional 1,821 shares during the period. Finally, Baird Financial Group Inc. boosted its position in shares of International Business Machines by 1.5% in the first quarter. Baird Financial Group Inc. now owns 382,232 shares of the technology company’s stock valued at $49,698,000 after acquiring an additional 5,506 shares during the period. 56.16% of the stock is currently owned by institutional investors and hedge funds.

About International Business Machines

(Get Free Report)

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

Further Reading

Earnings History and Estimates for International Business Machines (NYSE:IBM)

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