ScanSource (SCSC) Releases Q2 Earnings Guidance

ScanSource (NASDAQ:SCSC) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.92-0.98 for the period, compared to the Thomson Reuters consensus estimate of $0.97. The company issued revenue guidance of $1.01-1.07 billion, compared to the consensus revenue estimate of $1.07 billion.ScanSource also updated its Q1 2019 guidance to $0.92-0.98 EPS.

Shares of SCSC stock traded up $0.09 on Tuesday, hitting $41.63. 78,800 shares of the stock traded hands, compared to its average volume of 103,092. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.39 and a beta of 0.72. ScanSource has a 52 week low of $31.40 and a 52 week high of $44.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.92 and a quick ratio of 1.08.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.02. The firm had revenue of $972.90 million for the quarter, compared to the consensus estimate of $976.97 million. ScanSource had a net margin of 0.86% and a return on equity of 9.23%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. Equities research analysts expect that ScanSource will post 3.56 earnings per share for the current fiscal year.

SCSC has been the topic of several recent analyst reports. BidaskClub downgraded shares of ScanSource from a buy rating to a hold rating in a research report on Tuesday, August 28th. Zacks Investment Research downgraded shares of ScanSource from a buy rating to a hold rating in a research report on Friday, August 31st. Raymond James raised their price objective on shares of ScanSource from $44.00 to $47.00 and gave the company a buy rating in a research report on Wednesday, August 29th. Finally, ValuEngine downgraded shares of ScanSource from a hold rating to a sell rating in a research report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $46.00.

In other ScanSource news, CFO Gerald Lyons sold 600 shares of ScanSource stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $44.00, for a total value of $26,400.00. Following the sale, the chief financial officer now directly owns 12,937 shares in the company, valued at approximately $569,228. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael L. Baur sold 13,747 shares of ScanSource stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $44.00, for a total transaction of $604,868.00. Following the completion of the sale, the chief executive officer now owns 49,446 shares in the company, valued at $2,175,624. The disclosure for this sale can be found here. Insiders own 2.56% of the company’s stock.

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ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in North America, Latin America, and Europe. It operates in two segments, Worldwide Barcode, Networking & Security (WW Barcode, Networking & Security); and Worldwide Communications & Services (WW Communications & Services).

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Earnings History and Estimates for ScanSource (NASDAQ:SCSC)

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