William Blair Forecasts Ingram Micro FY2024 Earnings

Ingram Micro Holding Corp. (NYSE:INGM) – Equities researchers at William Blair issued their FY2024 earnings per share (EPS) estimates for Ingram Micro in a note issued to investors on Monday, November 18th. William Blair analyst M. Nolan forecasts that the company will post earnings of $2.73 per share for the year. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Ingram Micro’s Q4 2024 earnings at $0.86 EPS, Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.70 EPS, Q3 2025 earnings at $0.81 EPS, Q4 2025 earnings at $0.92 EPS, FY2025 earnings at $3.15 EPS and FY2026 earnings at $3.34 EPS.

A number of other research analysts have also recently weighed in on INGM. Royal Bank of Canada started coverage on shares of Ingram Micro in a research note on Monday. They set an “outperform” rating and a $26.00 target price on the stock. Raymond James began coverage on Ingram Micro in a research report on Monday. They issued an “outperform” rating and a $28.00 price objective on the stock. Bank of America assumed coverage on Ingram Micro in a research note on Monday. They set a “buy” rating and a $30.00 target price on the stock. Jefferies Financial Group started coverage on Ingram Micro in a research note on Monday. They issued a “buy” rating and a $28.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ingram Micro in a research report on Monday. They set a “buy” rating and a $26.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.92.

Ingram Micro Stock Performance

Shares of NYSE:INGM opened at $21.91 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. Ingram Micro has a 1-year low of $21.84 and a 1-year high of $25.69.

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

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.