Ingram Micro (INGM) to Release Quarterly Earnings on Tuesday

Ingram Micro (NYSE:INGM) is expected to issue its quarterly earnings data after the market closes on Tuesday, March 4th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $13.21 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Ingram Micro Trading Down 2.8 %

Shares of INGM stock opened at $22.67 on Tuesday. Ingram Micro has a 1-year low of $18.90 and a 1-year 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. The business’s 50-day moving average is $21.80.

Analyst Ratings Changes

A number of research firms recently issued reports on INGM. William Blair began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set an “outperform” rating for the company. The Goldman Sachs Group initiated coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $33.00 price objective for the company. BNP Paribas began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “neutral” rating and a $25.00 price target for the company. Melius Research upgraded Ingram Micro to a “hold” rating in a research note on Tuesday, November 26th. Finally, Melius initiated coverage on Ingram Micro in a research note on Tuesday, November 26th. They set a “hold” rating and a $26.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.14.

About Ingram Micro

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.