Ingram Micro (NYSE:INGM) Announces Quarterly Earnings Results

Ingram Micro (NYSE:INGM) announced 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 analyst estimates of $13.21 billion. Ingram Micro updated its Q1 2025 guidance to 0.510-0.610 EPS.

Ingram Micro Price Performance

Shares of NYSE INGM opened at $19.84 on Thursday. The firm has a 50 day moving average price of $21.97. 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 has a 52 week low of $18.90 and a 52 week high of $25.69.

Ingram Micro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.074 dividend. This represents a $0.30 annualized dividend and a yield of 1.49%. The ex-dividend date is Tuesday, March 11th.

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

Wall Street Analysts Forecast Growth

INGM has been the topic of several research reports. BNP Paribas started coverage on Ingram Micro in a research report on Monday, November 18th. They set a “neutral” rating and a $25.00 price objective for the company. Evercore ISI reduced their target price on Ingram Micro from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Wednesday. Bank of America dropped their price target on Ingram Micro from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday. Loop Capital assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Stifel Nicolaus began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $28.00 target price on the stock. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.29.

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.