Ingram Micro (NYSE:INGM) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Ingram Micro (NYSE:INGM - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.01, Zacks reports. The business had revenue of $13.34 billion for the quarter, compared to the consensus estimate of $13.21 billion. Ingram Micro updated its Q1 2025 guidance to 0.510-0.610 EPS.

Ingram Micro Trading Up 0.7 %

Shares of INGM traded up $0.13 during midday trading on Friday, hitting $19.59. 494,395 shares of the company traded hands, compared to its average volume of 419,111. The stock's 50-day moving average is $21.96. Ingram Micro has a one year low of $18.90 and a one year high of $25.69. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.93.

Ingram Micro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.074 per share. This represents a $0.30 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, March 11th.

Analyst Upgrades and Downgrades

INGM has been the topic of a number of analyst reports. Melius Research raised shares of Ingram Micro to a "hold" rating in a report on Tuesday, November 26th. Melius initiated coverage on shares of Ingram Micro in a report on Tuesday, November 26th. They set a "hold" rating and a $26.00 price objective on the stock. Royal Bank of Canada lifted their price objective on shares of Ingram Micro from $26.00 to $28.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a "buy" rating and a $26.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a "buy" rating and a $28.00 price target on the stock. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $27.29.

Remove Ads

Ingram Micro announced that its Board of Directors has authorized a stock buyback plan on Tuesday, March 4th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 1.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

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.