Ingram Micro (INGM) Projected to Post Earnings on Tuesday

Ingram Micro (NYSE:INGM) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect Ingram Micro to post earnings of $0.89 per share for the quarter.

Ingram Micro (NYSE:INGM) last announced its earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $11.76 billion during 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 Stock Performance

INGM opened at $23.34 on Tuesday. Ingram Micro has a twelve month low of $18.90 and a twelve month high of $25.69. The stock’s 50-day moving average is $21.42. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INGM. Jefferies Financial Group began coverage on Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $28.00 price target on the stock. Raymond James initiated coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set an “outperform” rating and a $28.00 target price on the stock. Melius started coverage on shares of Ingram Micro in a research report on Tuesday, November 26th. They issued a “hold” rating and a $26.00 target price for the company. Redburn Atlantic began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Morgan Stanley upgraded shares of Ingram Micro from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $25.00 to $27.00 in a report on Thursday, January 16th. 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 price target 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.