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ScanSource (SCSC) Stock Price, News & Analysis

$50.38
+1.38 (+2.82%)
(As of 07/26/2024 ET)
Today's Range
$49.25
$50.47
50-Day Range
$41.83
$50.62
52-Week Range
$26.99
$50.95
Volume
157,079 shs
Average Volume
212,282 shs
Market Capitalization
$1.24 billion
P/E Ratio
15.99
Dividend Yield
N/A
Price Target
$35.50

ScanSource MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
29.5% Downside
$35.50 Price Target
Short Interest
Bearish
7.41% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.60
Upright™ Environmental Score
News Sentiment
1.81mentions of ScanSource in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$5.48 M Sold Last Quarter
Proj. Earnings Growth
2.11%
From $3.31 to $3.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.02 out of 5 stars

Industrial Products Sector

98th out of 172 stocks

Computers, Peripherals, & Software Industry

3rd out of 4 stocks

SCSC stock logo

About ScanSource Stock (NASDAQ:SCSC)

ScanSource, Inc. distributes technology products and solutions in the United States, Canada, and internationally. 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. This segment offers data capture and POS solutions to automate the collection, processing, and communication of information for commercial and industrial applications, including retail sales, distribution, shipping, inventory control, materials handling, warehouse management, and health care applications. It also provides electronic physical security products, such as identification, access control, video surveillance, and intrusion-related devices; networking products comprising wireless and networking infrastructure products; other software as a service (SaaS) products; and engages in hardware rental activities. The Modern Communications & Cloud segment offers a portfolio of solutions primarily for communications technologies and services comprising voice, video conferencing, wireless, data networking, cybersecurity, cable, unified communications and collaboration, cloud, and technology services, as well as IP networks and other solutions for various vertical markets, such as education, healthcare, and government. The company serves manufacturing, warehouse and distribution, retail and e-commerce, hospitality, transportation and logistics, government, education and healthcare, and other industries. ScanSource, Inc. was incorporated in 1992 and is headquartered in Greenville, South Carolina.

SCSC Stock Price History

SCSC Stock News Headlines

Get out of cash before the Fed's next meeting
"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."
ScanSource, Inc. (SCSC)
3 Next-Gen Tech Stocks That Could Mint Millionaires
Get out of cash before the Fed's next meeting
"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."
ScanSource's (NASDAQ:SCSC) Returns Have Hit A Wall
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
7/26/2024
Next Earnings (Estimated)
8/27/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Computers, peripherals, & software
Sub-Industry
Technology Distributors
Current Symbol
NASDAQ:SCSC
CUSIP
80603710
Employees
2,300
Year Founded
1992

Price Target and Rating

Average Stock Price Target
$35.50
High Stock Price Target
$36.00
Low Stock Price Target
$35.00
Potential Upside/Downside
-29.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$89.81 million
Pretax Margin
2.91%

Debt

Sales & Book Value

Annual Sales
$3.79 billion
Cash Flow
$5.35 per share
Book Value
$36.36 per share

Miscellaneous

Free Float
23,582,000
Market Cap
$1.24 billion
Optionable
Optionable
Beta
1.44

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Key Executives

  • Mr. Michael L. BaurMr. Michael L. Baur (Age 67)
    Founder, Chairman & CEO
    Comp: $2.43M
  • Mr. Stephen T. Jones (Age 53)
    Senior EVP & CFO
    Comp: $1.02M
  • Ms. Rachel Hayden
    Senior EVP & Chief Information Officer
  • Ms. Shana Cochrane Smith (Age 51)
    Senior EVP, Chief Legal Officer & Corporate Secretary
    Comp: $587.73k
  • Ms. Brandy Ford (Age 44)
    Senior VP, Chief Accounting Officer & Corporate Controller
  • Mr. Gregory B. Dixon
    Chief Technology Officer
  • Ms. Mary M. Gentry
    Vice President of Investor Relations & Treasurer
  • Jason Weidman
    Public Relations Manager
  • Mr. Frank Blackwell
    Vice President of Sales for Communications
  • Mr. Alexandre Conde
    Senior EVP & Chief People Officer

SCSC Stock Analysis - Frequently Asked Questions

How have SCSC shares performed this year?

ScanSource's stock was trading at $39.61 at the start of the year. Since then, SCSC stock has increased by 27.2% and is now trading at $50.38.
View the best growth stocks for 2024 here
.

How were ScanSource's earnings last quarter?

ScanSource, Inc. (NASDAQ:SCSC) released its quarterly earnings results on Tuesday, May, 7th. The industrial products company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.15. The company's quarterly revenue was down 15.0% on a year-over-year basis.

What is Mike Baur's approval rating as ScanSource's CEO?

131 employees have rated ScanSource Chief Executive Officer Mike Baur on Glassdoor.com. Mike Baur has an approval rating of 76% among the company's employees.

Does ScanSource have any subsidiaries?

The following companies are subsidiaries of ScanSource: IntY, Canpango LLC, POS Portal, InteliSys, KBZ Communications, ScanSource Video Communications, Network1, and others.

Who are ScanSource's major shareholders?

Top institutional investors of ScanSource include Bank of New York Mellon Corp (0.84%), Profit Investment Management LLC (0.45%), Assenagon Asset Management S.A. (0.41%) and Raymond James & Associates (0.38%). Insiders that own company stock include Michael L Baur, John Charles Eldh, Stephen Jones, Rachel Hayden, Charles R Whitchurch, Shana C Smith, Charles Alexander Mathis and Brandy Ford.
View institutional ownership trends
.

How do I buy shares of ScanSource?

Shares of SCSC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ScanSource own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ScanSource investors own include TD SYNNEX (SNX), Las Vegas Sands (LVS), Tesla (TSLA), Carnival Co. & (CCL), FireEye (FEYE), ONEOK (OKE) and Pattern Energy Group (PEGI).

This page (NASDAQ:SCSC) was last updated on 7/27/2024 by MarketBeat.com Staff

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