IBM (NYSE:IBM) Earns Daily News Sentiment Rating of 0.38
Press coverage about IBM (NYSE:IBM) has trended neutral this week, according to InfoTrie. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 0.38 on their scale. InfoTrie also assigned headlines about the technology company an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted IBM’s analysis:
- Q4 2019 Earnings Forecast for IBM (NYSE:IBM) Issued By Wedbush (americanbankingnews.com)
- IBM touts first financial services-specific public cloud after Bank of America collaboration – Cloud Tech (cloudcomputing-news.net)
- IBM’s financial services cloud offers developer opportunity – TechTarget (searchcloudcomputing.techtarget.com)
- Ludicrous Speed: IBM Computer Breakthrough, Sycamore vs. Google – Dan’s Papers (danspapers.com)
- IBM wields Red Hat tech, teams with Bank of America on financial services cloud (finance.yahoo.com)
A number of brokerages recently issued reports on IBM. UBS Group downgraded IBM from a “buy” rating to a “neutral” rating and cut their price objective for the company from $170.00 to $140.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $152.00 price objective on shares of IBM in a research note on Monday, August 12th. Tigress Financial reiterated a “hold” rating on shares of IBM in a research note on Friday, July 26th. Morgan Stanley began coverage on IBM in a research note on Thursday, August 1st. They set an “overweight” rating and a $170.00 price objective for the company. Finally, Wedbush reiterated a “neutral” rating and set a $155.00 price objective (down from $165.00) on shares of IBM in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $154.33.
IBM (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 16th. The technology company reported $2.68 EPS for the quarter, topping the Zacks’ consensus estimate of $2.67 by $0.01. IBM had a return on equity of 67.12% and a net margin of 10.00%. The company had revenue of $18.03 billion for the quarter, compared to analysts’ expectations of $18.29 billion. During the same period in the previous year, the firm earned $3.42 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. On average, analysts forecast that IBM will post 12.8 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be issued a $1.62 dividend. The ex-dividend date is Thursday, November 7th. This represents a $6.48 dividend on an annualized basis and a yield of 4.71%. IBM’s dividend payout ratio is presently 46.92%.
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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