IBM (IBM) Earning Somewhat Positive Media Coverage, Study Shows
News articles about IBM (NYSE:IBM) have been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. IBM earned a media sentiment score of 1.17 on their scale. InfoTrie also gave media coverage about the technology company an news buzz score of 2 out of 10, meaning that recent news coverage is very unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected IBM’s score:
- IBM Builds Big Blue Cricket Field on its Silicon Valley Campus – SportTechie (sporttechie.com)
- Headlines: IBM and smart airports; Cisco’s new CCO; Red Hat software update; Epic vs. Steam – WRAL Tech Wire (wraltechwire.com)
- SBU Partners with IBM to Accelerate Quantum Computing Research and Education | | SBU – Stony Brook News (news.stonybrook.edu)
- Samsung and IBM going all-in to Ethereum and Stellar? – Yahoo Finance (finance.yahoo.com)
- IBM boosts dividend by 3.2%, remains the 2nd-highest yielding Dow component – MarketWatch (marketwatch.com)
A number of equities research analysts have commented on IBM shares. Citigroup raised their price objective on IBM from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Zacks Investment Research lowered IBM from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Credit Suisse Group started coverage on IBM in a research report on Thursday, April 11th. They set an “outperform” rating and a $173.00 price objective for the company. BMO Capital Markets raised their price objective on IBM from $147.00 to $155.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 17th. They noted that the move was a valuation call. Finally, UBS Group set a $160.00 price objective on IBM and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $155.72.
IBM (NYSE:IBM) last announced its quarterly earnings results on Tuesday, April 16th. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.03. The business had revenue of $18.18 billion during the quarter, compared to analyst estimates of $18.53 billion. IBM had a return on equity of 68.76% and a net margin of 10.98%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.45 EPS. Equities analysts expect that IBM will post 13.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.62%. This is a positive change from IBM’s previous quarterly dividend of $1.57. IBM’s payout ratio is currently 45.47%.
In other news, insider Diane J. Gherson sold 1,989 shares of IBM stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $137.25, for a total transaction of $272,990.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Diane J. Gherson sold 5,754 shares of IBM stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $135.67, for a total value of $780,645.18. Following the sale, the insider now owns 23,117 shares of the company’s stock, valued at $3,136,283.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,867 shares of company stock valued at $2,877,569. 0.19% of the stock is owned by corporate insiders.
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IBM Company Profile
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics and data management platforms, cloud data services, talent management, and industry solutions primarily under the Watson Platform, Watson Health, and Watson Internet of Things names.
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