International Business Machines (NYSE:IBM – Get Free Report) issued its quarterly earnings results on Wednesday. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.16 by $0.27, Briefing.com reports. The company had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. International Business Machines had a net margin of 13.52% and a return on equity of 41.06%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.18 EPS.
International Business Machines Stock Performance
Shares of NYSE:IBM traded down $0.51 during midday trading on Friday, reaching $191.47. The company’s stock had a trading volume of 2,313,130 shares, compared to its average volume of 4,429,968. The firm has a market capitalization of $175.88 billion, a PE ratio of 21.64, a P/E/G ratio of 4.54 and a beta of 0.71. International Business Machines has a twelve month low of $135.87 and a twelve month high of $199.18. The stock has a fifty day moving average of $174.29 and a 200 day moving average of $178.90. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 2.32.
International Business Machines Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were issued a $1.67 dividend. The ex-dividend date was Thursday, May 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.49%. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.
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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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