Ingram Micro (INGM) to Release Earnings on Thursday

Ingram Micro (NYSE:INGM - Get Free Report) is expected to be releasing its Q1 2025 earnings data 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 issued its quarterly earnings results on Tuesday, March 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.01. The firm had revenue of $13.34 billion for 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 Down 0.5 %

Shares of INGM traded down $0.10 during midday trading on Tuesday, reaching $18.33. The stock had a trading volume of 49,400 shares, compared to its average volume of 426,188. The firm has a 50 day moving average of $17.95. Ingram Micro has a 52 week low of $14.25 and a 52 week high of $25.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40.

Ingram Micro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors 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 1.62%. The ex-dividend date was Tuesday, March 11th.

Ingram Micro announced that its board has approved a share repurchase plan on Tuesday, March 4th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on INGM. Morgan Stanley decreased their price target on shares of Ingram Micro from $27.00 to $26.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. The Goldman Sachs Group decreased their target price on shares of Ingram Micro from $33.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Raymond James reduced their price objective on shares of Ingram Micro from $28.00 to $26.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their target price on Ingram Micro from $26.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Bank of America decreased their price target on Ingram Micro from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.