Zacks Research Brokers Increase Earnings Estimates for IBM

International Business Machines Co. (NYSE:IBM) – Zacks Research boosted their FY2024 earnings estimates for shares of International Business Machines in a research report issued on Wednesday, November 13th. Zacks Research analyst S. Bose now expects that the technology company will post earnings per share of $10.11 for the year, up from their previous forecast of $10.05. The consensus estimate for International Business Machines’ current full-year earnings is $10.11 per share. Zacks Research also issued estimates for International Business Machines’ Q4 2024 earnings at $3.70 EPS, Q1 2025 earnings at $1.60 EPS, Q2 2025 earnings at $2.47 EPS, Q3 2025 earnings at $2.55 EPS, Q1 2026 earnings at $1.59 EPS, Q2 2026 earnings at $3.18 EPS and FY2026 earnings at $11.20 EPS.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $2.20 EPS.

A number of other research firms have also weighed in on IBM. UBS Group raised their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Morgan Stanley dropped their price target on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Evercore ISI raised their price target on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a report on Thursday, October 24th. Finally, BMO Capital Markets raised their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $208.12.

International Business Machines Stock Down 0.9 %

NYSE:IBM opened at $209.01 on Friday. The firm has a market cap of $193.26 billion, a P/E ratio of 30.42, a P/E/G ratio of 4.74 and a beta of 0.71. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines has a fifty-two week low of $150.40 and a fifty-two week high of $237.37. The firm has a 50-day simple moving average of $218.58 and a two-hundred day simple moving average of $193.11.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio is presently 97.23%.

Insider Buying and Selling

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.

Institutional Trading of International Business Machines

A number of large investors have recently made changes to their positions in IBM. ESL Trust Services LLC purchased a new stake in International Business Machines in the first quarter worth about $28,000. Hazlett Burt & Watson Inc. lifted its stake in International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock worth $29,000 after acquiring an additional 116 shares during the period. Hara Capital LLC purchased a new stake in International Business Machines in the third quarter worth about $29,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines in the second quarter worth about $36,000. Finally, Wolff Wiese Magana LLC lifted its stake in International Business Machines by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company’s stock worth $38,000 after acquiring an additional 60 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

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.