Ingram Micro (NYSE:INGM) Announces Quarterly Earnings Results

Ingram Micro (NYSE:INGM) released its quarterly earnings data on Tuesday. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.01, Zacks reports. The business had revenue of $13.34 billion during the quarter, compared to analysts’ expectations of $13.21 billion. Ingram Micro updated its Q1 2025 guidance to 0.510-0.610 EPS.

Ingram Micro Trading Up 0.6 %

Ingram Micro stock opened at $20.87 on Wednesday. The stock’s 50-day moving average is $21.99. Ingram Micro has a 52 week low of $18.90 and a 52 week high of $25.69. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96.

Ingram Micro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.074 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.42%.

Ingram Micro announced that its board has approved a share repurchase program on Tuesday, March 4th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to buy up to 1.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have issued reports on INGM. BNP Paribas began coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “neutral” rating and a $25.00 price objective for the company. Melius began coverage on Ingram Micro in a research report on Tuesday, November 26th. They issued a “hold” rating and a $26.00 price objective for the company. Loop Capital began coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $30.00 price objective for the company. Royal Bank of Canada increased their price objective on Ingram Micro from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Finally, Raymond James started coverage on Ingram Micro in a research report on Monday, November 18th. They issued an “outperform” rating and a $28.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.14.

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.