Are Things Looking Up For International Business Machines Corp. (NYSE: IBM)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted IBM Releases 2023 IBM Impact Report.

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Stocks Info

The company is listed on the NYSE and operates within the Information Technology Services industry segment. The current market capitalization of International Business Machines Corp. is $170.42B. A total of 2.86 million shares were traded on the day, compared to an average of 5.09M shares.

In the most recent transaction, BROWDY MICHELLE H sold 9,800 shares of IBM for 184.85 per share on Feb 01 ’24. After the transaction, the Senior Vice President now owns 119,498 company shares.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. International Business Machines Corp. pays an annual dividend of $6.64, resulting in a dividend yield of 3.57%, and it has a price to earnings (P/E) ratio of 22.89. IBM’s most recent ex-dividend date was 2/8/2024 when it declared a $1.66 quarterly dividend that was paid in cash on 3/9/2024. Previously, the company paid the dividend on 12/9/2023 with an ex-dividend date of 11/9/2023. The IBM stock dividend was $1.66 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, IBM has a high of $199.18 and a low of $120.55.

As of this writing, IBM has an earnings estimate of $1.45 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.54 per share and a lower estimate of $1.33. The company reported an EPS of $2.01 in the last quarter, which was 3.60% higher than expectations of $1.94.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. IBM’s latest balance sheet shows that the firm has $7.25B in Cash & Short Term Investments as of fiscal 2021. There were $55.14B in debt and $33.62B in liabilities at the time. Its Book Value Per Share was $24.63, while its Total Shareholder’s Equity was $19.00B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IBM is Buy with a score of 3.21.

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