Brokers Offer Predictions for Ingram Micro FY2024 Earnings

Ingram Micro Holding Corp. (NYSE:INGM) – Analysts at William Blair issued their FY2024 EPS estimates for Ingram Micro in a note issued to investors on Monday, November 18th. William Blair analyst M. Nolan anticipates that the company will post earnings per share of $2.73 for the year. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Ingram Micro’s current full-year earnings is $2.79 per share. 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.

INGM has been the topic of a number of other reports. Stifel Nicolaus initiated coverage on shares of Ingram Micro in a research note on Monday. They issued a “buy” rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Ingram Micro in a research note on Wednesday. They issued a “neutral” rating and a $28.00 price target on the stock. Northcoast Research assumed coverage on Ingram Micro in a research report on Friday, November 8th. They set a “neutral” rating for the company. Morgan Stanley initiated coverage on Ingram Micro in a research report on Monday. They issued an “equal weight” rating and a $24.00 target price on the stock. Finally, Royal Bank of Canada started coverage on Ingram Micro in a research note on Monday. They set an “outperform” rating and a $26.00 price target for the company. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.92.

Ingram Micro Stock Performance

NYSE:INGM opened at $21.47 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. Ingram Micro has a fifty-two week low of $21.25 and a fifty-two week high of $25.69.

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 firm 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.