Equities analysts expect ScanSource, Inc. (NASDAQ:SCSC) to announce earnings of $0.79 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for ScanSource’s earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $0.80. ScanSource posted earnings of $0.75 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The business is expected to issue its next quarterly earnings results on Tuesday, February 6th.
According to Zacks, analysts expect that ScanSource will report full-year earnings of $2.98 per share for the current year, with EPS estimates ranging from $2.94 to $3.05. For the next fiscal year, analysts forecast that the firm will post earnings of $3.23 per share, with EPS estimates ranging from $3.20 to $3.26. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for ScanSource.
ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.02). ScanSource had a net margin of 1.65% and a return on equity of 8.78%. The company had revenue of $924.56 million during the quarter, compared to the consensus estimate of $966.20 million. During the same period in the previous year, the business posted $0.68 earnings per share. The firm’s revenue was down .9% on a year-over-year basis.
SCSC has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded ScanSource from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. ValuEngine lowered ScanSource from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. BidaskClub lowered ScanSource from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. TheStreet lowered ScanSource from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. Finally, Northcoast Research lowered ScanSource from a “buy” rating to a “neutral” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.75.
Institutional investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC bought a new position in ScanSource during the 2nd quarter worth $221,000. BNP Paribas Arbitrage SA increased its stake in ScanSource by 47.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,357 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 3,317 shares during the period. Vanguard Group Inc. increased its stake in ScanSource by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,326,600 shares of the industrial products company’s stock worth $93,763,000 after acquiring an additional 26,629 shares during the period. Summit Global Investments bought a new position in ScanSource during the 2nd quarter worth $512,000. Finally, Prudential Financial Inc. increased its stake in ScanSource by 1.9% during the 3rd quarter. Prudential Financial Inc. now owns 321,379 shares of the industrial products company’s stock worth $14,028,000 after acquiring an additional 5,950 shares during the period. Hedge funds and other institutional investors own 94.35% of the company’s stock.
Shares of ScanSource (SCSC) traded down $0.20 during mid-day trading on Friday, hitting $35.25. The company had a trading volume of 67,980 shares, compared to its average volume of 84,233. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.94 and a quick ratio of 1.08. ScanSource has a 1-year low of $33.55 and a 1-year high of $45.35. The company has a market cap of $903.96, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 3.93 and a beta of 1.04.
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ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.
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