Ingram Micro Holding Corporation (INGM) to Distribute Quarterly Dividend of $0.09 on November 23rd

Ingram Micro Holding Corporation (NYSE:INGM) declared a quarterly dividend on Monday, October 26th. Investors of record on Monday, November 9th will be paid a dividend of $0.0880 per share on Monday, November 23rd. This represents a $0.35 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 9th. This is a 2.3% increase from Ingram Micro’s previous quarterly dividend of $0.0860.

Ingram Micro Trading Up 4.2%

INGM opened at $25.45 on Friday. The stock has a market cap of $5.86 billion, a PE ratio of 7.84, a PEG ratio of 0.62 and a beta of 1.69. The company has a quick ratio of 0.88, a current ratio of 1.31 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $27.31 and a 200-day moving average of $26.45. Ingram Micro has a 52 week low of $19.03 and a 52 week high of $31.69.

Ingram Micro (NYSE:INGM) last issued its earnings results on Thursday, October 29th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13. The business had revenue of $15.22 billion during the quarter, compared to analysts’ expectations of $13.83 billion. Ingram Micro had a return on equity of 18.76% and a net margin of 0.79%. During the same period in the prior year, the business earned $0.72 EPS. Equities research analysts predict that Ingram Micro will post 3.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Ingram Micro from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Ingram Micro in a research note on Monday, August 31st. They issued a “hold” rating and a $30.00 price objective on the stock. Wall Street Zen raised Ingram Micro from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Morgan Stanley decreased their target price on Ingram Micro from $33.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 16th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $33.00 price objective on shares of Ingram Micro in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.

Ingram Micro Company Profile

Ingram Micro Inc is a global technology distribution and services company that connects technology manufacturers with businesses, resellers, systems integrators and other channel partners. Its portfolio includes hardware, software, cloud solutions, cybersecurity products, networking equipment, data-center technologies and communications solutions.

The company also provides value-added services such as cloud marketplace management, device lifecycle services, logistics, fulfillment, financing support, technical assistance and professional services.