International Business Machines (NYSE:IBM – Get Free Report) posted its quarterly earnings data on Wednesday. The technology company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27, Briefing.com reports. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $2.18 EPS.
International Business Machines Stock Performance
International Business Machines stock traded up $9.11 during midday trading on Thursday, hitting $193.13. 7,226,623 shares of the company’s stock were exchanged, compared to its average volume of 4,427,423. International Business Machines has a 12-month low of $135.87 and a 12-month high of $199.18. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.09 and a current ratio of 1.13. The stock has a market cap of $177.41 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 4.54 and a beta of 0.71. The firm’s 50 day simple moving average is $173.83 and its 200 day simple moving average is $178.81.
International Business Machines Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were given a dividend of $1.67 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 annualized dividend and a yield of 3.46%. The ex-dividend date was Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.
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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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