Ingram Micro (INGM) Projected to Post Quarterly Earnings on Tuesday

Ingram Micro (NYSE:INGM) is anticipated to release its earnings data 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 quarterly earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The firm 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 Stock Up 0.1 %

NYSE:INGM opened at $23.34 on Tuesday. 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 has a 1-year low of $18.90 and a 1-year high of $25.69. The business has a 50-day simple moving average of $21.42.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on INGM shares. Bank of America started 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 on the stock. Redburn Atlantic started coverage on Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $30.00 target price on the stock. Stifel Nicolaus initiated coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $28.00 price target for the company. JPMorgan Chase & Co. began coverage on Ingram Micro in a research report on Wednesday, November 20th. They set a “neutral” rating and a $28.00 price objective on the stock. Finally, Evercore ISI initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued an “inline” rating and a $27.00 target price for the company. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Ingram Micro has a consensus rating of “Moderate Buy” and an average 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.