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T   15.02 (+0.07%)
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NASDAQ:SCSC

ScanSource (SCSC) Stock Forecast, Price & News

$30.31
-0.12 (-0.39%)
(As of 04:32 PM ET)
Compare
Today's Range
$30.27
$30.59
50-Day Range
$27.83
$33.20
52-Week Range
$26.03
$35.50
Volume
153,179 shs
Average Volume
111,717 shs
Market Capitalization
$752.90 million
P/E Ratio
8.59
Dividend Yield
N/A
Price Target
$40.00

ScanSource MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
31.8% Upside
$40.00 Price Target
Short Interest
Healthy
1.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.60
Upright™ Environmental Score
News Sentiment
0.72mentions of ScanSource in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$76,150 Sold Last Quarter
Proj. Earnings Growth
12.02%
From $4.16 to $4.66 Per Share

Overall MarketRank

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

3.13 out of 5 stars

Industrial Products Sector

5th out of 179 stocks

Computers, Peripherals, & Software Industry

1st out of 5 stocks


SCSC stock logo

About ScanSource (NASDAQ:SCSC) Stock

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 Price History

SCSC Stock News Headlines

Scansource, Inc.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Is ScanSource, Inc. (NASDAQ:SCSC) Potentially Undervalued?
Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
Q4 2023 Scansource Inc Earnings Call
ScanSource (SCSC) Lags Q4 Earnings Estimates
ScanSource Inc. Q4 Profit Decreases, but beats estimates
ScanSource Reports Fourth Quarter and Full-year Results
ScanSource's Earnings: A Preview
ScanSource Announces Appointment of New Board Member
ScanSource Announces Partnership with Logitech
ScanSource (NASDAQ: SCSC)
SCSC - ScanSource, Inc.
See More Headlines
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SCSC Company Calendar

Last Earnings
8/22/2023
Today
9/29/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
6/30/2024

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 Forecast
$40.00
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+31.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$89.81 million
Pretax Margin
3.22%

Debt

Sales & Book Value

Annual Sales
$3.79 billion
Cash Flow
$5.16 per share
Book Value
$36.36 per share

Miscellaneous

Free Float
23,694,000
Market Cap
$755.38 million
Optionable
Optionable
Beta
1.42

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Key Executives

  • Mr. Michael L. BaurMr. Michael L. Baur (Age 66)
    Founder, Chairman & CEO
    Comp: $3.32M
  • Mr. John Charles Eldh (Age 55)
    Pres
    Comp: $1.96M
  • Mr. Stephen T. Jones (Age 51)
    Sr. EVP & CFO
    Comp: $1.11M
  • Ms. Rachel Hayden
    Sr. EVP & Chief Information Officer
  • Ms. Brandy Ford (Age 43)
    Sr. VP, Chief Accounting Officer & Corp. Controller
  • Mr. Gregory B. Dixon
    Chief Technology Officer
  • Ms. Mary M. Gentry
    VP of Investor Relations & Treasurer
  • Ms. Shana Cochrane Smith (Age 50)
    Sr. EVP & Chief Legal Officer
  • Jason Weidman
    PR Mang.
  • Mr. Frank Blackwell
    VP of Sales for Communications













SCSC Stock - 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 year. 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 forecast for 2023?

2 brokers have issued 12 month target prices for ScanSource's stock. Their SCSC share price forecasts range from $40.00 to $40.00. On average, they predict the company's share price to reach $40.00 in the next year. This suggests a possible upside of 31.5% 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 start of the year. Since then, SCSC shares have increased by 4.1% and is now trading at $30.41.
View the best growth stocks for 2023 here
.

Are investors shorting ScanSource?

ScanSource saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 286,900 shares, a decline of 14.4% from the August 31st total of 335,200 shares. Based on an average daily volume of 107,600 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.2% of the company's stock are sold short.
View ScanSource's Short Interest
.

When is ScanSource's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our SCSC earnings forecast
.

How were ScanSource's earnings last quarter?

ScanSource, Inc. (NASDAQ:SCSC) issued its quarterly earnings results on Tuesday, August, 22nd. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. The industrial products company had revenue of $947.10 million for the quarter, compared to the consensus estimate of $875.20 million. ScanSource had a net margin of 2.37% and a trailing twelve-month return on equity of 11.25%. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 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 guidance has ScanSource issued on next quarter's earnings?

ScanSource updated its FY 2024 earnings guidance on Tuesday, August, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.90B-, compared to the consensus revenue estimate of $3.72 billion.

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).

What is ScanSource's stock symbol?

ScanSource trades on the NASDAQ under the ticker symbol "SCSC."

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.

What is ScanSource's stock price today?

One share of SCSC stock can currently be purchased for approximately $30.41.

How much money does ScanSource make?

ScanSource (NASDAQ:SCSC) has a market capitalization of $755.38 million and generates $3.79 billion in revenue each year. The industrial products company earns $89.81 million in net income (profit) each year or $3.53 on an earnings per share basis.

How many employees does ScanSource have?

The company employs 2,300 workers across the globe.

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
How can I contact ScanSource?

ScanSource's mailing address is 6 LOGUE COURT, GREENVILLE SC, 29615. The official website for the company is www.scansource.com. The industrial products company can be reached via phone at (864) 288-2432, via email at investor@scansource.com, or via fax at 864-288-5515.

This page (NASDAQ:SCSC) was last updated on 9/29/2023 by MarketBeat.com Staff

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