Should I buy or sell ScanSource stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ScanSource in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SCSC shares. View SCSC analyst ratings or view top-rated stocks .

What is ScanSource's stock price target for 2024?

2 Wall Street research analysts have issued 12 month target prices for ScanSource's stock. Their SCSC share price targets range from $35.00 to $35.00. On average, they expect the company's share price to reach $35.00 in the next year. This suggests a possible upside of 2.5% from the stock's current price. View analysts price targets for SCSC or view top-rated stocks among Wall Street analysts .

How have SCSC shares performed in 2023?

ScanSource's stock was trading at $29.22 at the beginning of 2023. Since then, SCSC stock has increased by 16.8% and is now trading at $34.14. View the best growth stocks for 2023 here .

When is ScanSource's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024. View our SCSC earnings forecast .

How were ScanSource's earnings last quarter?

ScanSource, Inc. (NASDAQ:SCSC) released its quarterly earnings results on Thursday, November, 9th. The industrial products company reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.92 by $0.18. The industrial products company earned $876.30 million during the quarter, compared to analyst estimates of $921.03 million. ScanSource had a trailing twelve-month return on equity of 10.02% and a net margin of 2.18%. The firm's revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 EPS.

What ETFs hold ScanSource's stock?

ETFs with the largest weight of ScanSource (NASDAQ:SCSC) stock in their portfolio include Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Invesco S&P SmallCap 600 Pure Value ETF (RZV) . Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) .

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.

What other stocks do shareholders of ScanSource own?

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

Who are ScanSource's major shareholders?

ScanSource's stock is owned by many different institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (7.84%), Pzena Investment Management LLC (7.22%), Invesco Ltd. (2.59%), Charles Schwab Investment Management Inc. (2.49%), LSV Asset Management (2.12%) and JPMorgan Chase & Co. (1.48%). Insiders that own company stock include Charles Alexander Mathis , Charles R Whitchurch, John Charles Eldh and Michael L Baur . 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does ScanSource have any subsidiaries?

The following companies are subsidiares of ScanSource: 4100 Quest LLC, 8650 Commerce Drive LLC, Black Arrow Capital, Canpango Inc., Canpango LLC, Canpango S.A., Importadora y Comercializadora Network 1 International (Chile) SPA, IntY, IntY Ltd., InteliSys, Intelisys Inc., Intersmart S. de R.L. de C.V., Intersmart Technologies LLC, KBZ Communications, Logue Court Properties LLC, Network 1 International Colombia S.A.S, Network 1 International Peru SAC, Network1, Outsourcing Unlimited Inc., POS Portal, POS Portal Inc., RPM Software LLC, ScanSource Video Communications, ScanSource?Brasil Distribuidora de Tecnologias Ltda., ScanSource?Canada Inc., ScanSource?Communications GmbH, ScanSource?Communications Ltd., ScanSource?Europe BV, ScanSource?Europe CV, ScanSource?Europe Ltd., ScanSource?Europe SPRL, ScanSource?France SARL, ScanSource?G.B. and N.I. Ltd., ScanSource?Germany GmbH, ScanSource?Latin America Inc., ScanSource?Ltd., ScanSource?Payments Inc., ScanSource?Properties LLC, ScanSource?UK Ltd., ScanSource?Video Communications Europe Ltd., ScanSource?Video Communications SARL, ScanSource?de Mexico S. de R.L. de C.V., Video Corporation Ltd., intY Cascade Ltd., intY Holdings Ltd., and intY USA Inc.. Read More

ScanSource Stock Price, News & Analysis (NASDAQ:SCSC)

$34.14

+0.71 (+2.12%)

(As of 12/1/2023 ET)

Compare

Today's Range: $33.16
▼
$34.48
50-Day Range: $28.63
▼
$33.43
52-Week Range: $26.14
▼
$35.50

Volume: 219,000 shs
Average Volume: 115,000 shs
Market Capitalization: $852.37 million

P/E Ratio: 10.67
Dividend Yield: N/A
Price Target: $35.00

ScanSource MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 2.5% Upside
$35.00 Price Target
Short Interest: Healthy
0.67% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.60
Upright™ Environmental Score
News Sentiment: 0.97
Based on 3 Articles This Week
Insider Trading: Selling Shares
$76,150 Sold Last Quarter
Proj. Earnings Growth: 11.62%
From $3.70 to $4.13 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Industrial Products Sector

37th out of 174 stocks

Computers, Peripherals, & Software Industry

2nd out of 5 stocks

1.5

Analyst's Opinion

Consensus Rating
ScanSource has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $35.00, ScanSource has a forecasted upside of 2.5% from its current price of $34.14.
Amount of Analyst Coverage
ScanSource has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.67% of the float of ScanSource has been sold short.
Short Interest Ratio / Days to Cover
ScanSource has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ScanSource has recently decreased by 9.88%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
ScanSource does not currently pay a dividend.
Dividend Growth
ScanSource does not have a long track record of dividend growth.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ScanSource has received a -2.67% net impact score from Upright. Scansource uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Wholesale of computer components", "Wholesale of telephony equipment", "Wholesale of cybersecurity equipment", "Wholesale of public-space security machinery", "Wholesale of barcode readers", and "Wholesale of internet network hardware" products. See details.
Environmental Sustainability
The Environmental Impact score for ScanSource is -1.60.

2.8

News and Social Media Coverage

News Sentiment
ScanSource has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for ScanSource this week, compared to 1 article on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ScanSource insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $76,150.00 in company stock.
Percentage Held by Insiders
Only 4.63% of the stock of ScanSource is held by insiders.
Percentage Held by Institutions
94.63% of the stock of ScanSource is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings for ScanSource are expected to grow by 11.62% in the coming year, from $3.70 to $4.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ScanSource is 10.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of ScanSource is 10.67, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.85.
Price to Earnings Growth Ratio
ScanSource has a PEG Ratio of 0.89. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
ScanSource has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

SCSC Stock News Headlines

November 30, 2023 | finance.yahoo.com

ScanSource to Present at Raymond James TMT & Consumer Conference

November 27, 2023 | seekingalpha.com

ScanSource: Working Capital Improvement Plan Announced, And Cheap

December 1, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 11, 2023 | benzinga.com

ScanSource Stock (NASDAQ:SCSC), Analyst Ratings, Price Targets, Predictions

November 10, 2023 | finance.yahoo.com

Q1 2024 Scansource Inc Earnings Call

November 9, 2023 | finance.yahoo.com

ScanSource Wins Americas Distributor Partner of the Year at Cisco Partner Summit 2023

November 9, 2023 | markets.businessinsider.com

ScanSource Inc. Q1 Profit Decreases, misses estimates

November 9, 2023 | finance.yahoo.com

ScanSource Announces Retirement of Charles R. Whitchurch from Board of Directors

December 1, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 9, 2023 | finance.yahoo.com

ScanSource Inc (SCSC) Reports Decline in Q1 Earnings Amid Strong Cash Flow Performance

October 23, 2023 | finance.yahoo.com

ScanSource to Announce First Quarter Fiscal Year 2024 Results November 9, 2023

October 18, 2023 | finance.yahoo.com

Intelisys Honors Advantix as Top Mobility Supplier

October 18, 2023 | finance.yahoo.com

SCSC vs. SITE: Which Stock Is the Better Value Option?

October 8, 2023 | finance.yahoo.com

Investors in ScanSource (NASDAQ:SCSC) have seen respectable returns of 49% over the past three years

September 26, 2023 | money.usnews.com

Scansource, Inc.

September 21, 2023 | finance.yahoo.com

Is ScanSource, Inc. (NASDAQ:SCSC) Potentially Undervalued?

September 18, 2023 | businesswire.com

ScanSource Board Member Peter Browning Recognized with NACD Lifetime Achievement Award

August 24, 2023 | finance.yahoo.com

Is ScanSource, Inc.'s (NASDAQ:SCSC) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

August 23, 2023 | finance.yahoo.com

ScanSource, Inc. (NASDAQ:SCSC) Q4 2023 Earnings Call Transcript

August 23, 2023 | finance.yahoo.com

ScanSource (SCSC) Q4 Earnings Miss, Sales Beat Estimates

August 23, 2023 | finance.yahoo.com

Q4 2023 Scansource Inc Earnings Call

August 22, 2023 | markets.businessinsider.com

ScanSource Q4 Earnings Beat Estimates, Plans Working Capital Optimization To Reach Margin Expectations

August 22, 2023 | finance.yahoo.com

ScanSource (SCSC) Lags Q4 Earnings Estimates

August 22, 2023 | markets.businessinsider.com

ScanSource Inc. Q4 Profit Decreases, but beats estimates

August 22, 2023 | finance.yahoo.com

ScanSource Reports Fourth Quarter and Full-year Results

August 21, 2023 | benzinga.com

ScanSource's Earnings: A Preview

August 21, 2023 | finance.yahoo.com

ScanSource Announces Appointment of New Board Member

See More Headlines

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Company Calendar

Last Earnings: 11/09/2023
Today: 12/01/2023
Next Earnings (Estimated): 2/06/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computers, peripherals, & software
Sub-Industry: Technology Distributors
Sector: Industrial Products
Current Symbol: NASDAQ:SCSC
CUSIP: 80603710
CIK: 918965
Web: www.scansource.com
Phone: (864) 288-2432
Fax: 864-288-5515
Employees: 2,300
Year Founded: 1992

Price Target and Rating

Average Stock Price Target: $35.00
High Stock Price Target: $35.00
Low Stock Price Target: $35.00
Potential Upside/Downside: +2.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.20
Trailing P/E Ratio: 10.67
Forward P/E Ratio: 9.23
P/E Growth: 0.89
Net Income: $89.81 million
Net Margins: 2.18%
Pretax Margin: 2.92%
Return on Equity: 10.02%
Return on Assets: 4.42%

Debt

Debt-to-Equity Ratio: 0.26
Current Ratio: 2.15
Quick Ratio: 1.21

Sales & Book Value

Annual Sales: $3.72 billion
Price / Sales: 0.23
Cash Flow: $5.29 per share
Price / Cash Flow: 6.45
Book Value: $36.66 per share
Price / Book: 0.93

Miscellaneous

Outstanding Shares: 24,967,000
Free Float: 23,811,000
Market Cap: $852.37 million
Optionable: Optionable
Beta: 1.45

Social Links

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Key Executives

Mr. Michael L. Baur (Age 66)
Founder, Chairman & CEO
Comp: $2.43M
Mr. Stephen T. Jones (Age 51)
Senior EVP & CFO
Comp: $1.02M
Ms. Rachel Hayden
Senior EVP & Chief Information Officer
Ms. Shana Cochrane Smith (Age 50)
Senior EVP & Chief Legal Officer
Comp: $587.73k
Ms. Brandy Ford (Age 43)
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SCSC Stock Analysis - Frequently Asked Questions

Should I buy or sell ScanSource stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ScanSource in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SCSC shares.
View SCSC analyst ratings or view top-rated stocks.
What is ScanSource's stock price target for 2024?: 2 Wall Street research analysts have issued 12 month target prices for ScanSource's stock. Their SCSC share price targets range from $35.00 to $35.00. On average, they expect the company's share price to reach $35.00 in the next year. This suggests a possible upside of 2.5% from the stock's current price.
View analysts price targets for SCSC or view top-rated stocks among Wall Street analysts.
How have SCSC shares performed in 2023?: ScanSource's stock was trading at $29.22 at the beginning of 2023. Since then, SCSC stock has increased by 16.8% and is now trading at $34.14.
View the best growth stocks for 2023 here.
When is ScanSource's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our SCSC earnings forecast.
How were ScanSource's earnings last quarter?: ScanSource, Inc. (NASDAQ:SCSC) released its quarterly earnings results on Thursday, November, 9th. The industrial products company reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.92 by $0.18. The industrial products company earned $876.30 million during the quarter, compared to analyst estimates of $921.03 million. ScanSource had a trailing twelve-month return on equity of 10.02% and a net margin of 2.18%. The firm's revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 EPS.
What ETFs hold ScanSource's stock?: ETFs with the largest weight of ScanSource (NASDAQ:SCSC) stock in their portfolio include Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Invesco S&P SmallCap 600 Pure Value ETF (RZV).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

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.
What other stocks do shareholders of ScanSource own?: Based on aggregate information from My MarketBeat watchlists, some companies that other ScanSource investors own include TD SYNNEX (SNX), Las Vegas Sands (LVS), Tesla (TSLA), Carnival Co. & (CCL), FireEye (FEYE), ONEOK (OKE), Pattern Energy Group (PEGI), TELUS (TU), Verizon Communications (VZ) and Walmart (WMT).
Who are ScanSource's major shareholders?: ScanSource's stock is owned by many different institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (7.84%), Pzena Investment Management LLC (7.22%), Invesco Ltd. (2.59%), Charles Schwab Investment Management Inc. (2.49%), LSV Asset Management (2.12%) and JPMorgan Chase & Co. (1.48%). Insiders that own company stock include Charles Alexander Mathis, Charles R Whitchurch, John Charles Eldh and Michael L Baur.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
Does ScanSource have any subsidiaries?: The following companies are subsidiares of ScanSource: 4100 Quest LLC, 8650 Commerce Drive LLC, Black Arrow Capital, Canpango Inc., Canpango LLC, Canpango S.A., Importadora y Comercializadora Network 1 International (Chile) SPA, IntY, IntY Ltd., InteliSys, Intelisys Inc., Intersmart S. de R.L. de C.V., Intersmart Technologies LLC, KBZ Communications, Logue Court Properties LLC, Network 1 International Colombia S.A.S, Network 1 International Peru SAC, Network1, Outsourcing Unlimited Inc., POS Portal, POS Portal Inc., RPM Software LLC, ScanSource Video Communications, ScanSource?Brasil Distribuidora de Tecnologias Ltda., ScanSource?Canada Inc., ScanSource?Communications GmbH, ScanSource?Communications Ltd., ScanSource?Europe BV, ScanSource?Europe CV, ScanSource?Europe Ltd., ScanSource?Europe SPRL, ScanSource?France SARL, ScanSource?G.B. and N.I. Ltd., ScanSource?Germany GmbH, ScanSource?Latin America Inc., ScanSource?Ltd., ScanSource?Payments Inc., ScanSource?Properties LLC, ScanSource?UK Ltd., ScanSource?Video Communications Europe Ltd., ScanSource?Video Communications SARL, ScanSource?de Mexico S. de R.L. de C.V., Video Corporation Ltd., intY Cascade Ltd., intY Holdings Ltd., and intY USA Inc..
Read More

This page (NASDAQ:SCSC) was last updated on 12/1/2023 by MarketBeat.com Staff

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ScanSource Stock Price, News & Analysis (NASDAQ:SCSC)

ScanSource MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About ScanSource Stock (NASDAQ:SCSC)

SCSC Stock Price History

SCSC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SCSC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™