Ingram Micro (INGM) Expected to Announce Quarterly Earnings on Thursday

Ingram Micro (NYSE:INGM - Get Free Report) is projected to post its Q1 2025 quarterly earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $11.63 billion for the quarter. Ingram Micro has set its Q1 2025 guidance at 0.510-0.610 EPS.

Ingram Micro (NYSE:INGM - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.91 by $0.01. The firm had revenue of $13.34 billion during the quarter, compared to the consensus estimate of $13.21 billion. On average, analysts expect Ingram Micro to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ingram Micro Stock Performance

Shares of Ingram Micro stock traded up $0.56 on Friday, reaching $18.53. 207,585 shares of the stock were exchanged, compared to its average volume of 429,877. The firm's 50 day simple moving average is $18.03. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. Ingram Micro has a one year low of $14.25 and a one year high of $25.69.

Ingram Micro declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 4th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 1.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Ingram Micro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.074 per share. This represents a $0.30 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, March 11th.

Wall Street Analyst Weigh In

Several research firms recently weighed in on INGM. The Goldman Sachs Group reduced their price objective on Ingram Micro from $33.00 to $29.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Royal Bank of Canada raised their price target on shares of Ingram Micro from $26.00 to $28.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Evercore ISI lowered their price objective on shares of Ingram Micro from $27.00 to $26.00 and set an "in-line" rating for the company in a research report on Wednesday, March 5th. Loop Capital dropped their price objective on shares of Ingram Micro from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Finally, Raymond James decreased their target price on shares of Ingram Micro from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $26.21.

Ingram Micro Company Profile

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world's leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.