According to Zacks, “Ingram Micro is a leading distributor of information technology (IT) products and services worldwide. The company's focus on high-margin markets and strategic acquisitions to increase market share are encouraging. Ingram Micro has been signing distribution deals with a number of original equipment manufacturers, thereby expanding the product portfolio. Though Ingram Micro’s high debt burden is a concern, we remain fairly optimistic about its strategic relationships with network giants such as Juniper Networks Inc., Cisco and International Business Machines Corp. Additionally, the company’s focus on cloud computing products is expected to drive growth.”
Separately, Jefferies Group reissued a hold rating on shares of Ingram Micro in a research report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $35.75.
Ingram Micro (NYSE:IM) traded up 0.11% during trading on Tuesday, hitting $36.18. 32,730 shares of the stock traded hands. Ingram Micro has a 12 month low of $26.44 and a 12 month high of $36.66. The company has a market cap of $5.41 billion, a P/E ratio of 21.16 and a beta of 0.82. The company’s 50 day moving average price is $34.97 and its 200 day moving average price is $34.89.
Ingram Micro (NYSE:IM) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.12. The firm earned $10.10 billion during the quarter, compared to the consensus estimate of $9.67 billion. Ingram Micro had a return on equity of 10.03% and a net margin of 0.64%. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. On average, equities research analysts anticipate that Ingram Micro will post $2.62 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Mason Street Advisors LLC bought a new position in shares of Ingram Micro during the second quarter valued at about $2,353,000. Cowen Group Inc. boosted its position in shares of Ingram Micro by 109.7% in the second quarter. Cowen Group Inc. now owns 1,471,207 shares of the company’s stock valued at $51,169,000 after buying an additional 769,505 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Ingram Micro by 24.8% in the second quarter. Royal Bank of Canada now owns 471,245 shares of the company’s stock valued at $16,391,000 after buying an additional 93,523 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Ingram Micro by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 52,867 shares of the company’s stock valued at $1,839,000 after buying an additional 372 shares during the last quarter. Finally, Calvert Investment Management Inc. bought a new position in shares of Ingram Micro during the second quarter valued at about $294,000. Institutional investors own 83.72% of the company’s stock.
Ingram Micro Company Profile
Ingram Micro Inc (Ingram Micro) is engaged in the distribution of information technology (IT) products, supply chain services and mobile device lifecycle services around the world. The Company distributes and markets technology products all over the world from the industry’s computer hardware suppliers, mobility hardware suppliers, software publishers, consumer electronics (CE), automatic identification and data capture (AIDC)/point-of-sale (POS), and physical security products.
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