FY2025 Earnings Forecast for ScanSource Issued By Sidoti Csr

ScanSource, Inc. (NASDAQ:SCSC - Free Report) - Sidoti Csr upped their FY2025 earnings estimates for ScanSource in a note issued to investors on Friday, May 9th. Sidoti Csr analyst G. Burns now forecasts that the industrial products company will earn $3.43 per share for the year, up from their prior estimate of $3.33. The consensus estimate for ScanSource's current full-year earnings is $3.33 per share. Sidoti Csr also issued estimates for ScanSource's Q4 2025 earnings at $0.88 EPS, Q1 2026 earnings at $0.88 EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $0.89 EPS, Q4 2026 earnings at $0.98 EPS, FY2026 earnings at $3.71 EPS and FY2027 earnings at $4.16 EPS.

ScanSource (NASDAQ:SCSC - Get Free Report) last issued its earnings results on Thursday, May 8th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. ScanSource had a net margin of 2.08% and a return on equity of 8.55%. The company had revenue of $704.23 million for the quarter, compared to analysts' expectations of $809.17 million. During the same period in the prior year, the business earned $0.69 EPS. The firm's quarterly revenue was down 6.3% on a year-over-year basis.

SCSC has been the topic of a number of other reports. StockNews.com upgraded shares of ScanSource from a "hold" rating to a "buy" rating in a report on Monday. Northcoast Research upgraded shares of ScanSource from a "neutral" rating to a "buy" rating and set a $42.00 price target on the stock in a report on Tuesday, May 6th.

ScanSource Stock Up 3.5%

Shares of NASDAQ:SCSC traded up $1.43 during trading on Monday, reaching $42.06. The stock had a trading volume of 266,786 shares, compared to its average volume of 233,865. ScanSource has a one year low of $28.75 and a one year high of $53.90. The company has a market capitalization of $986.90 million, a P/E ratio of 16.62, a PEG ratio of 1.14 and a beta of 1.30. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm's 50-day simple moving average is $34.18 and its 200 day simple moving average is $42.05.

Hedge Funds Weigh In On ScanSource

Several hedge funds and other institutional investors have recently modified their holdings of SCSC. Castlekeep Investment Advisors LLC purchased a new position in ScanSource during the 4th quarter worth approximately $78,694,000. Pzena Investment Management LLC raised its position in ScanSource by 132.8% during the 1st quarter. Pzena Investment Management LLC now owns 942,068 shares of the industrial products company's stock worth $32,040,000 after buying an additional 537,358 shares during the last quarter. American Century Companies Inc. raised its position in ScanSource by 7.8% during the 1st quarter. American Century Companies Inc. now owns 818,463 shares of the industrial products company's stock worth $27,836,000 after buying an additional 59,145 shares during the last quarter. Invesco Ltd. raised its position in ScanSource by 2.4% during the 4th quarter. Invesco Ltd. now owns 618,099 shares of the industrial products company's stock worth $29,329,000 after buying an additional 14,669 shares during the last quarter. Finally, LSV Asset Management raised its position in ScanSource by 20.1% during the 1st quarter. LSV Asset Management now owns 503,185 shares of the industrial products company's stock worth $17,113,000 after buying an additional 84,300 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ScanSource

In related news, CFO Stephen Jones sold 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $36.14, for a total value of $72,280.00. Following the completion of the transaction, the chief financial officer now directly owns 69,816 shares of the company's stock, valued at $2,523,150.24. This trade represents a 2.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is currently owned by insiders.

About ScanSource

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.