International Business Machines (NYSE:IBM – Get Free Report) posted its quarterly earnings data on Tuesday. The technology company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09, Briefing.com reports. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm had revenue of $14.46 billion during the quarter, compared to the consensus estimate of $14.53 billion. During the same period in the prior year, the business earned $1.36 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year.
International Business Machines Stock Down 0.6 %
International Business Machines stock traded down $1.03 during mid-day trading on Wednesday, reaching $165.17. The stock had a trading volume of 885,083 shares, compared to its average volume of 4,973,212. The company has a market capitalization of $151.42 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 4.10 and a beta of 0.70. The company has a 50-day moving average price of $186.85 and a two-hundred day moving average price of $170.91. International Business Machines has a one year low of $120.55 and a one year high of $199.18. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09.
International Business Machines Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 4.04%. This is a boost from International Business Machines’s previous quarterly dividend of $1.66. International Business Machines’s payout ratio is 75.20%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on IBM
About International Business Machines
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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