Worldwide Enterprise Machines Co. (NYSE:IBM – Get Score) – Analysts at Zacks Analysis diminished their Q2 2023 earnings estimates for shares of Worldwide Enterprise Machines in a analysis report issued to purchasers and traders on Monday, Could fifteenth. Zacks Analysis analyst S. Bose now forecasts that the expertise firm will publish earnings of $1.95 per share for the quarter, down from their earlier estimate of $1.99. The consensus estimate for Worldwide Enterprise Machines’ present full-year earnings is $9.30 per share. Zacks Analysis additionally issued estimates for Worldwide Enterprise Machines’ This fall 2023 earnings at $3.76 EPS, FY2023 earnings at $9.15 EPS, Q1 2024 earnings at $1.43 EPS, Q2 2024 earnings at $2.34 EPS, This fall 2024 earnings at $3.61 EPS, Q1 2025 earnings at $1.80 EPS and FY2025 earnings at $10.02 EPS.

Different equities analysis analysts have additionally issued analysis stories in regards to the inventory. Stifel Nicolaus decreased their worth goal on shares of Worldwide Enterprise Machines from $150.00 to $140.00 and set a “purchase” ranking on the inventory in a report on Thursday, April twentieth. Edward Jones lowered shares of Worldwide Enterprise Machines from a “purchase” ranking to a “maintain” ranking in a report on Monday, February sixth. Citigroup elevated their worth goal on shares of Worldwide Enterprise Machines from $140.00 to $145.00 and gave the inventory a “impartial” ranking in a report on Thursday, January twenty sixth. Credit score Suisse Group diminished their goal worth on shares of Worldwide Enterprise Machines from $165.00 to $162.00 and set an “outperform” ranking on the inventory in a analysis be aware on Thursday, April thirteenth. Lastly, Moffett Nathanson raised shares of Worldwide Enterprise Machines from an “underperform” ranking to a “market carry out” ranking and set a $140.00 goal worth on the inventory in a analysis be aware on Tuesday, January twenty fourth. One equities analysis analyst has rated the inventory with a promote ranking, six have given a maintain ranking and two have given a purchase ranking to the corporate. In response to information from MarketBeat.com, the corporate at present has a median ranking of “Maintain” and a median worth goal of $139.20.

Worldwide Enterprise Machines Inventory Up 0.1 %

Shares of NYSE:IBM opened at $123.46 on Wednesday. Worldwide Enterprise Machines has a 12 month low of $115.54 and a 12 month excessive of $153.21. The corporate’s 50-day transferring common worth is $126.42 and its two-hundred day transferring common worth is $135.45. The corporate has a fast ratio of 1.11, a present ratio of 1.16 and a debt-to-equity ratio of two.48. The agency has a market cap of $112.11 billion, a P/E ratio of 62.67, a P/E/G ratio of three.24 and a beta of 0.85.

Worldwide Enterprise Machines (NYSE:IBM – Get Score) final issued its earnings outcomes on Wednesday, April nineteenth. The expertise firm reported $1.36 EPS for the quarter, beating the consensus estimate of $1.27 by $0.09. Worldwide Enterprise Machines had a internet margin of three.03% and a return on fairness of 39.86%. The corporate had income of $14.25 billion for the quarter, in comparison with the consensus estimate of $14.33 billion. Throughout the identical quarter within the earlier yr, the corporate earned $1.40 EPS. The agency’s income for the quarter was up .4% in comparison with the identical quarter final yr.

Worldwide Enterprise Machines Will increase Dividend

The corporate additionally not too long ago declared a quarterly dividend, which will probably be paid on Saturday, June tenth. Buyers of report on Wednesday, Could tenth will probably be given a $1.66 dividend. This represents a $6.64 dividend on an annualized foundation and a dividend yield of 5.38%. This is a rise from Worldwide Enterprise Machines’s earlier quarterly dividend of $1.65. The ex-dividend date of this dividend is Tuesday, Could ninth. Worldwide Enterprise Machines’s dividend payout ratio (DPR) is at present 337.06%.

Institutional Buying and selling of Worldwide Enterprise Machines

Hedge funds have not too long ago modified their holdings of the corporate. Vanguard Group Inc. raised its holdings in Worldwide Enterprise Machines by 2.2% in the course of the third quarter. Vanguard Group Inc. now owns 79,079,065 shares of the expertise firm’s inventory price $9,395,384,000 after shopping for an extra 1,709,934 shares in the course of the interval. State Road Corp raised its holdings in Worldwide Enterprise Machines by 0.4% in the course of the third quarter. State Road Corp now owns 53,183,488 shares of the expertise firm’s inventory price $6,318,730,000 after shopping for an extra 206,814 shares in the course of the interval. Charles Schwab Funding Administration Inc. raised its holdings in Worldwide Enterprise Machines by 1.5% in the course of the 4th quarter. Charles Schwab Funding Administration Inc. now owns 18,701,925 shares of the expertise firm’s inventory price $2,626,331,000 after shopping for an extra 270,201 shares in the course of the interval. Morgan Stanley raised its holdings in Worldwide Enterprise Machines by 22.8% in the course of the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the expertise firm’s inventory price $2,337,660,000 after shopping for an extra 3,084,458 shares in the course of the interval. Lastly, Geode Capital Administration LLC raised its holdings in Worldwide Enterprise Machines by 1.5% in the course of the 1st quarter. Geode Capital Administration LLC now owns 16,209,322 shares of the expertise firm’s inventory price $2,120,034,000 after shopping for an extra 235,143 shares in the course of the interval. 55.90% of the inventory is at present owned by institutional traders and hedge funds.

About Worldwide Enterprise Machines

(Get Score)

Worldwide Enterprise Machines Corp. is an info expertise firm, which engages within the provision of built-in options that leverage info expertise and data of enterprise processes. It operates via the next segments: Software program, Consulting, Infrastructure, Financing, and Different.

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