Worldwide Enterprise Machines Co. (NYSE:IBM – Get Ranking) – Equities analysis analysts at Zacks Analysis boosted their FY2023 EPS estimates for shares of Worldwide Enterprise Machines in a analysis report issued to purchasers and buyers on Monday, June fifth. Zacks Analysis analyst S. Bose now expects that the know-how firm will put up earnings of $9.17 per share for the yr, up from their prior estimate of $9.15. 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 autumn 2023 earnings at $3.77 EPS and This autumn 2024 earnings at $3.62 EPS.
Worldwide Enterprise Machines (NYSE:IBM – Get Ranking) final launched its quarterly earnings outcomes on Wednesday, April nineteenth. The know-how firm reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.09. The agency had income of $14.25 billion through the quarter, in comparison with analyst estimates of $14.33 billion. Worldwide Enterprise Machines had a internet margin of three.03% and a return on fairness of 39.86%. The enterprise’s income for the quarter was up .4% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the enterprise earned $1.40 EPS.
A number of different analysis analysts have additionally issued reviews on IBM. Stifel Nicolaus reduce their goal value on shares of Worldwide Enterprise Machines from $150.00 to $140.00 and set a “purchase” ranking for the corporate in a analysis report on Thursday, April twentieth. Morgan Stanley lowered their value goal on shares of Worldwide Enterprise Machines from $143.00 to $135.00 and set an “equal weight” ranking for the corporate in a analysis observe on Thursday, April twentieth. Credit score Suisse Group lowered their value goal on shares of Worldwide Enterprise Machines from $165.00 to $162.00 and set an “outperform” ranking for the corporate in a analysis observe on Thursday, April thirteenth. BMO Capital Markets lowered their value goal on shares of Worldwide Enterprise Machines from $155.00 to $145.00 and set a “market carry out” ranking for the corporate in a analysis observe on Thursday, April twentieth. Lastly, StockNews.com started protection on shares of Worldwide Enterprise Machines in a analysis observe on Thursday, Might 18th. They set a “maintain” ranking for the corporate. One 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 has a consensus ranking of “Maintain” and a consensus value goal of $139.20.
Worldwide Enterprise Machines Inventory Up 0.0 %
IBM opened at $132.69 on Wednesday. Worldwide Enterprise Machines has a one yr low of $115.54 and a one yr excessive of $153.21. The corporate has a fifty day shifting common value of $127.32 and a 200-day shifting common value of $134.18. The agency has a market capitalization of $120.49 billion, a P/E ratio of 67.36, a price-to-earnings-growth ratio of three.49 and a beta of 0.85. The corporate has a debt-to-equity ratio of two.48, a present ratio of 1.16 and a fast ratio of 1.11.
Institutional Traders Weigh In On Worldwide Enterprise Machines
Institutional buyers have lately made adjustments to their positions within the firm. New England Capital Monetary Advisors LLC purchased a brand new place in shares of Worldwide Enterprise Machines within the 4th quarter value roughly $55,000. MBL Wealth LLC bought a brand new stake in Worldwide Enterprise Machines within the 4th quarter value roughly $210,000. AXA S.A. elevated its holdings in Worldwide Enterprise Machines by 34.0% within the third quarter. AXA S.A. now owns 228,606 shares of the know-how firm’s inventory value $27,162,000 after buying a further 57,973 shares within the final quarter. Silvant Capital Administration LLC elevated its holdings in Worldwide Enterprise Machines by 92.5% within the 4th quarter. Silvant Capital Administration LLC now owns 12,575 shares of the know-how firm’s inventory value $1,772,000 after buying a further 6,043 shares within the final quarter. Lastly, Fifth Third Bancorp elevated its holdings in Worldwide Enterprise Machines by 13.1% within the 4th quarter. Fifth Third Bancorp now owns 329,437 shares of the know-how firm’s inventory value $46,414,000 after buying a further 38,097 shares within the final quarter. Hedge funds and different institutional buyers personal 55.90% of the corporate’s inventory.
Worldwide Enterprise Machines Will increase Dividend
The corporate additionally lately declared a quarterly dividend, which shall be paid on Saturday, June tenth. Stockholders of document on Wednesday, Might tenth shall be issued a dividend of $1.66 per share. This can be a increase from Worldwide Enterprise Machines’s earlier quarterly dividend of $1.65. The ex-dividend date is Tuesday, Might ninth. This represents a $6.64 dividend on an annualized foundation and a dividend yield of 5.00%. Worldwide Enterprise Machines’s dividend payout ratio is presently 337.06%.
About Worldwide Enterprise Machines
Worldwide Enterprise Machines Corp. is an info know-how firm, which engages within the provision of built-in options that leverage info know-how and information of enterprise processes. It operates by means of the next segments: Software program, Consulting, Infrastructure, Financing, and Different.
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