Ingram Micro (NYSE:INGM – Get Free Report) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.510-0.610 for the period, compared to the consensus earnings per share estimate of 0.690. The company issued revenue guidance of $11.4 billion-$11.8 billion, compared to the consensus revenue estimate of $11.6 billion.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Stifel Nicolaus initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $28.00 price target for the company. Northcoast Research initiated coverage on Ingram Micro in a research note on Friday, November 8th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $26.00 price objective for the company. Morgan Stanley reduced their price target on shares of Ingram Micro from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Bank of America dropped their target price on shares of Ingram Micro from $30.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Ingram Micro presently has an average rating of “Moderate Buy” and a consensus price target of $27.29.
View Our Latest Research Report on INGM
Ingram Micro Stock Performance
Ingram Micro (NYSE:INGM – Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.01. The company had revenue of $13.34 billion for the quarter, compared to analysts’ expectations of $13.21 billion. Analysts forecast that Ingram Micro will post 2.71 EPS for the current fiscal year.
Ingram Micro Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a $0.074 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, March 11th.
Ingram Micro announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 4th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to buy up to 1.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are 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.
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