World News – United States – IBM (NYSE: IBM) Updates Third Quarter Earnings Guidance


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IBM (NYSE: IBM) released an update on its third quarter earnings guidance Thursday morning The company provided earnings per share guidance of $ 2.58 for the period, compared to the estimate of Thomson Reuters consensus earnings per share of $ 2.58 The company issued a revenue forecast of $ 17.6 billion, compared to the consensus revenue estimate of $ 17.56 billion IBM also updated its Q3 2020
Pre-market advice at 258-258 BPA

NYSE IBM opened at $ 124 on 07 Thursday The company has a current ratio of 104, a quick report of 099 and a debt-to-equity ratio of 268 The company’s 50-day moving average is $ 122.43 and its two hundred day moving average is $ 121.00 IBM has a 12 month low of $ 9056 and a 12 month high of $ 15875 The stock has a market cap of $ 110.49 billion, a price / earnings ratio of 1408, a PEG ratio of 334 and a beta of 116

IBM (NYSE: IBM) last released quarterly results on Monday, July 20 The tech company reported $ 2.18 earnings per share for the quarter, beating analysts’ consensus estimates by $ 2.14 by $ 004 The company achieved revenue of $ 18 12 billion for the quarter, compared to analysts’ expectations of $ 17 72 billion IBM had a return on equity of 5106% and a net margin of 1044% the company was down 54% from the same quarter last year In the same quarter a year earlier, the firm posted $ 3.17 EPS Stock analysts predict that IBM will release 1,106 earnings per share from the current year

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10 Investors of record on Monday, August 10 received a 63 dividend This represents $ 6 52 dividends on an annualized basis and a dividend yield of 526% La ex-dividend date of this dividend was Friday August 7 IBM’s dividend payout ratio is currently 5090% (adsbygoogle =windowsbygoogle || []) push ({});

A number of research companies recently weighed in on IBM Bank of America restated a buy note and issued a $ 145 00 price target on IBM shares in a Monday July 20 report Wedbush reiterated a neutral rating on IBM stock in a Thursday July 16 report Citigroup raised its target price on IBM from $ 120.00 to $ 140.00 and gave the company a neutral rating in a report on Tuesday July 21 Credit Suisse Group raised its target price on IBM from $ 150.00 to $ 155.00 and gave the company an outperformance rating in a report on Tuesday, July 21 Finally, Argus downgraded IBM from a maintenance rating to a rating of buy and set the share price target at $ 155.00 in a report on Wednesday, July 22 An investment analyst rated the stock with a sell rating, eleven gave a maintenance rating and six gave a rating of d  » share purchase of the company The stock currently has a consensus Hold rating and an average price target of $ 139.13

In the news, SVP Diane J Gherson sold 1,215 shares of the stock in a trade on Monday August 10 The stock was sold at an average price of $ 127.00, for a total value of $ 154,305.00 As a result upon closing, the senior vice president now directly owns 30,597 shares of the company, valued at approximately $ 3,885,819 The sale was disclosed in a legal file with the SEC, accessible through the SEC website Also, SVP Diane J Gherson sold 1,176 shares of the stock in a trade on Wednesday August 5 The shares were sold at a average price of $ 126.73, for a total value of $ 149,03448 After the sale is completed, the Senior Vice President now owns 31,767 shares of the company, valued at $ 4,025,83191 Disclosure of this sale can be found here Company insiders own 024% of the company’s shares

International Business Machines Corporation operates as an integrated technology and services company around the world Its Cognitive Solutions segment offers a portfolio of enterprise artificial intelligence platforms, such as analytics platforms and management, cloud data services, talent management and industrial solutions mainly under the names Watson Platform, Watson Health and Watson Internet of Things

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest and most accurate reports This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

Socially aware investors might want to stop reading But the point is, gun stocks were among the top performing stocks at the start of the coronavirus pandemic And they are continuing their positive momentum

Part of it may be historic Gun sales tend to increase during an election year But of course it didn’t start out like a normal election year

In March, the nation was seized by photos of long queues outside gun stores in several US states.The Ammocom website reported that sales of bullets had increased 222% over the course of the period from February 23 to March 15, compared to the first three weeks of February

And according to the Federal Bureau of Investigation (FBI) National Instant Criminal Background Check (NICS), there was a 73% year-over-year increase in background checks in February.

« The world has never seen anything like this and people want to make sure that they are prepared for whatever lies ahead, whether it be food shortages, government shutdowns or worse, » a spokesperson for Ammocom said in an emailed statement « When everything around you is uncertain, having a stockpile of ammunition can make our customers safer »

Considering the likelihood of increased gun sales, we’ve created this presentation that highlights seven gun stocks you should consider for your wallet.

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