IBM (NYSE:IBM) posted its earnings results on Wednesday. The technology company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.11, RTT News reports. IBM had a net margin of 10.98% and a return on equity of 68.76%. The business had revenue of $19.20 billion during the quarter, compared to the consensus estimate of $19.20 billion. During the same quarter in the previous year, the firm posted $3.08 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. IBM updated its FY 2019 guidance to $13.90 EPS and its FY19 guidance to $13.90 EPS.
Shares of IBM traded down $0.46 during trading hours on Wednesday, reaching $143.07. 4,596,151 shares of the stock traded hands, compared to its average volume of 3,788,136. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.31 and a current ratio of 1.36. IBM has a 52-week low of $105.94 and a 52-week high of $154.36. The company’s 50-day simple moving average is $137.01. The company has a market capitalization of $127.07 billion, a P/E ratio of 10.36, a P/E/G ratio of 2.60 and a beta of 1.25.
In other IBM news, SVP Kenneth M. Keverian sold 2,690 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $135.50, for a total value of $364,495.00. Following the sale, the senior vice president now owns 34,665 shares in the company, valued at approximately $4,697,107.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kenneth M. Keverian sold 2,227 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $135.15, for a total transaction of $300,979.05. Following the completion of the sale, the senior vice president now owns 32,878 shares in the company, valued at approximately $4,443,461.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,000 shares of company stock worth $940,430. 0.19% of the stock is owned by corporate insiders.
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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