International Business Machines (IBM) Scheduled to Post Quarterly Earnings on Thursday
International Business Machines (NYSE:IBM) will be issuing its quarterly earnings data after the market closes on Thursday, January 21st. Analysts expect the company to announce earnings of $1.77 per share for the quarter.
International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Monday, October 19th. The technology company reported $2.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.58. The company had revenue of $17.56 billion during the quarter, compared to the consensus estimate of $17.56 billion. International Business Machines had a net margin of 10.53% and a return on equity of 48.69%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.68 earnings per share. On average, analysts expect International Business Machines to post $9 EPS for the current fiscal year and $12 EPS for the next fiscal year.
Shares of NYSE IBM traded up $1.99 during mid-day trading on Thursday, reaching $128.91. The company’s stock had a trading volume of 53,073 shares, compared to its average volume of 5,673,650. The stock has a fifty day moving average of $125.55 and a two-hundred day moving average of $122.34. International Business Machines has a 52 week low of $90.56 and a 52 week high of $158.75. The firm has a market capitalization of $114.87 billion, a PE ratio of 14.55, a P/E/G ratio of 4.32 and a beta of 1.25. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.05 and a quick ratio of 1.00.
In other International Business Machines news, Director Alex Gorsky acquired 4,232 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were acquired at an average price of $117.86 per share, with a total value of $498,783.52. Following the completion of the transaction, the director now directly owns 4,232 shares in the company, valued at approximately $498,783.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew N. Liveris acquired 2,655 shares of International Business Machines stock in a transaction dated Monday, November 2nd. The shares were acquired at an average price of $112.92 per share, with a total value of $299,802.60. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 13,387 shares of company stock valued at $1,513,946. Corporate insiders own 0.24% of the company’s stock.
International Business Machines Company Profile
International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, and Internet of Things (IoT), weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.
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