What is Zacks Research’s Forecast for IBM FY2024 Earnings?

International Business Machines Co. (NYSE:IBM) – Research analysts at Zacks Research increased their FY2024 earnings estimates for International Business Machines in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst S. Bose now anticipates that the technology company will post earnings of $10.11 per share for the year, up from their prior estimate of $10.05. The consensus estimate for International Business Machines’ current full-year earnings is $10.11 per share. Zacks Research also issued estimates for International Business Machines’ Q4 2024 earnings at $3.70 EPS, Q1 2025 earnings at $1.60 EPS, Q2 2025 earnings at $2.47 EPS, Q3 2025 earnings at $2.55 EPS, Q1 2026 earnings at $1.59 EPS, Q2 2026 earnings at $3.18 EPS and FY2026 earnings at $11.20 EPS.

Several other analysts also recently weighed in on IBM. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 30th. Bernstein Bank lifted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Morgan Stanley decreased their price target on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, UBS Group lifted their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $208.12.

International Business Machines Price Performance

Shares of NYSE IBM opened at $204.99 on Friday. The stock’s 50-day simple moving average is $218.70 and its 200-day simple moving average is $193.22. The firm has a market capitalization of $189.54 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 4.74 and a beta of 0.71. International Business Machines has a fifty-two week low of $152.13 and a fifty-two week high of $237.37. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.08 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a $1.67 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 annualized dividend and a yield of 3.26%. International Business Machines’s payout ratio is currently 97.23%.

Insider Buying and Selling at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company’s stock, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On International Business Machines

A number of large investors have recently modified their holdings of the company. Hazlett Burt & Watson Inc. increased its holdings in International Business Machines by 1,054.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after purchasing an additional 116 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of International Business Machines in the third quarter valued at about $29,000. ESL Trust Services LLC purchased a new stake in shares of International Business Machines during the 1st quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new position in International Business Machines during the 3rd quarter worth approximately $43,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in International Business Machines in the second quarter valued at approximately $36,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

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.