Ingram Micro (INGM) Expected to Announce Earnings on Tuesday

Ingram Micro (NYSE:INGM) will likely be posting its quarterly earnings results after the market closes on Tuesday, March 4th. Analysts expect Ingram Micro to post earnings of $0.89 per share and revenue of $13.21 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Ingram Micro Stock Down 1.6 %

Shares of Ingram Micro stock opened at $21.54 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average of $21.97. Ingram Micro has a one year low of $18.90 and a one year high of $25.69.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INGM. Melius Research upgraded Ingram Micro to a “hold” rating in a research report on Tuesday, November 26th. Loop Capital started coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $30.00 price objective for the company. BNP Paribas began coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “neutral” rating and a $25.00 price target for the company. Jefferies Financial Group began coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Northcoast Research started coverage on shares of Ingram Micro in a research note on Friday, November 8th. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ingram Micro presently has a consensus rating of “Moderate Buy” and an average price target of $28.14.

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.