ScanSource (SCSC) Getting Somewhat Positive Media Coverage, Study Finds

Media stories about ScanSource (NASDAQ:SCSC) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ScanSource earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.7554336306352 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

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NASDAQ SCSC opened at $33.50 on Friday. The stock has a market cap of $884.77, a P/E ratio of 12.18, a PEG ratio of 3.65 and a beta of 1.01. ScanSource has a 52-week low of $31.40 and a 52-week high of $45.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.15 and a quick ratio of 1.26.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.10. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $965.15 million. ScanSource had a net margin of 1.18% and a return on equity of 9.06%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. sell-side analysts predict that ScanSource will post 3.16 EPS for the current fiscal year.

SCSC has been the subject of several analyst reports. Northcoast Research raised shares of ScanSource from a “neutral” rating to a “buy” rating and set a $43.00 price target for the company in a report on Monday, March 26th. Zacks Investment Research raised shares of ScanSource from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, February 6th. ValuEngine cut shares of ScanSource from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, BidaskClub raised shares of ScanSource from a “sell” rating to a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $40.50.

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About ScanSource

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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