International Business Machines (NYSE:IBM) Issues Earnings Results

International Business Machines (NYSE:IBM) announced its earnings results on Wednesday. The technology company reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.97 by ($0.04), FiscalAI reports. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.86 billion.

International Business Machines Trading Down 2.1%

NYSE IBM traded down $4.47 during mid-day trading on Wednesday, reaching $206.03. 13,382,359 shares of the stock were exchanged, compared to its average volume of 8,099,053. The stock has a market capitalization of $193.64 billion, a PE ratio of 18.22, a PEG ratio of 2.30 and a beta of 0.68. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines has a 1-year low of $204.44 and a 1-year high of $332.46. The business’s fifty day simple moving average is $263.44 and its 200 day simple moving average is $262.05.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Oppenheimer cut shares of International Business Machines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 15th. Jefferies Financial Group reduced their target price on International Business Machines from $320.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday. HSBC set a $175.00 price target on International Business Machines and gave the stock a “reduce” rating in a research report on Thursday, July 16th. BMO Capital Markets cut their price target on International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a report on Thursday, April 23rd. Finally, Susquehanna initiated coverage on International Business Machines in a research report on Friday, July 10th. They issued a “neutral” rating and a $303.00 price objective on the stock. Fifteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $278.68.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: Some commentary suggests IBM may be undervalued after the pullback, with one valuation-focused article arguing the stock could be a bargain at current levels. IBM Stock Looks Like A Bargain At Current Levels
• Positive Sentiment: One earnings-preview piece highlighted continued AI momentum as a potential factor that could help restore investor confidence if management delivers reassuring guidance. IBM Earnings in Focus: Can AI momentum revive investor confidence?
• Neutral Sentiment: IBM is due to report full Q2 results, and several previews say the market is focused on management’s outlook, sales pipeline commentary, dividend support, and whether the company can explain the recent profit warning. IBM to Report Full Q2 Results After Its Historic Stock Crash – Here’s What Investors Will Watch
• Negative Sentiment: Multiple law firms have launched securities-fraud investigations into IBM following the steep stock drop and the July 14 guidance cut, adding headline risk and reinforcing concerns about the quality of prior disclosures. IBM Investigation Notice: IBM Product Slowdown and 25% Stock Drop Trigger Securities Fraud Investigation

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IBM. SWAN Capital LLC acquired a new stake in shares of International Business Machines during the third quarter worth $28,000. Greenline Wealth Management LLC purchased a new position in International Business Machines during the fourth quarter worth about $33,000. Quarry LP purchased a new position in International Business Machines during the fourth quarter worth about $41,000. Acumen Wealth Advisors LLC acquired a new stake in International Business Machines in the 4th quarter worth about $44,000. Finally, Jessup Wealth Management Inc acquired a new stake in International Business Machines in the 4th quarter worth about $52,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.