Ingram Micro (INGM) Projected to Post Earnings on Tuesday

Ingram Micro (NYSE:INGM - Get Free Report) is anticipated to announce its earnings results before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.89 per share for the quarter.

Ingram Micro (NYSE:INGM - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $11.76 billion for the quarter. 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 Trading Down 1.8 %

Shares of INGM traded down $0.44 during mid-day trading on Friday, reaching $23.70. The company had a trading volume of 207,988 shares, compared to its average volume of 363,692. The stock's 50-day moving average price is $21.56. 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 twelve month low of $18.90 and a twelve month high of $25.69.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Melius began coverage on Ingram Micro in a report on Tuesday, November 26th. They set a "hold" rating and a $26.00 price objective for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a "buy" rating and a $26.00 price target for the company. William Blair began coverage on shares of Ingram Micro in a report on Monday, November 18th. They set an "outperform" rating for the company. JPMorgan Chase & Co. began coverage on Ingram Micro in a report on Wednesday, November 20th. They issued a "neutral" rating and a $28.00 target price on the stock. Finally, Royal Bank of Canada initiated coverage on Ingram Micro in a report on Monday, November 18th. They set an "outperform" rating and a $26.00 price target for the company. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Ingram Micro presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

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.