Ingram Micro Inc. (IM) Releases FY15 Earnings Guidance
Ingram Micro Inc. (NYSE:IM) updated its FY15 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.60-3.10 for the period, compared to the Thomson Reuters consensus estimate of $3.00, Analyst Ratings Network.com reports.
A number of research firms have recently commented on IM. Analysts at Zacks downgraded shares of Ingram Micro from an outperform rating to a neutral rating in a research note on Friday, May 23rd. They now have a $28.00 price target on the stock. On a related note, analysts at Stifel Nicolaus upgraded shares of Ingram Micro from a hold rating to a buy rating in a research note on Monday, May 12th. They now have a $32.00 price target on the stock. Finally, analysts at Raymond James upgraded shares of Ingram Micro from an outperform rating to a strong-buy rating in a research note on Tuesday, April 29th. They now have a $33.00 price target on the stock. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $33.75.
Ingram Micro Inc. (NYSE:IM) traded up 2.16% on Wednesday, hitting $28.91. 2,868,399 shares of the company’s stock traded hands. Ingram Micro Inc. has a 1-year low of $18.54 and a 1-year high of $30.96. The stock has a 50-day moving average of $27.36 and a 200-day moving average of $26.9. The company has a market cap of $4.487 billion and a P/E ratio of 15.52.
Ingram Micro (NYSE:IM) last announced its earnings results on Wednesday, April 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.05. The company had revenue of $10.38 billion for the quarter, compared to the consensus estimate of $10.42 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts predict that Ingram Micro Inc. will post $2.52 earnings per share for the current fiscal year.
Ingram Micro Inc (NYSE:IM), is a global information technology (IT) supply-chain management, mobile device lifecycle services and logistics solutions.