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AMD   126.15 (+4.21%)
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NASDAQ:SCSC

ScanSource (SCSC) Stock Forecast, Price & News

$30.65
-0.03 (-0.10%)
(As of 10:51 AM ET)
Compare
Today's Range
$30.20
$30.77
50-Day Range
$26.20
$30.89
52-Week Range
$25.75
$37.52
Volume
15,052 shs
Average Volume
108,064 shs
Market Capitalization
$763.19 million
P/E Ratio
8.61
Dividend Yield
N/A
Price Target
$40.00

ScanSource MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
31.3% Upside
$40.00 Price Target
Short Interest
Healthy
1.01% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.60
Upright™ Environmental Score
News Sentiment
0.43mentions of ScanSource in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$73,600 Sold Last Quarter
Proj. Earnings Growth
4.55%
From $3.96 to $4.14 Per Share

Overall MarketRank

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

2.72 out of 5 stars

Industrial Products Sector

17th out of 180 stocks

Computers, Peripherals, & Software Industry

4th out of 6 stocks


SCSC stock logo

About ScanSource (NASDAQ:SCSC) Stock

ScanSource, Inc. engages in the development and provision of technology products and services. It operates through the Worldwide Barcode, Networking and Security, and Worldwide Communications and Services segments. The Worldwide Barcode, Networking and Security segment offers enterprise mobile computing, cyber security, automatic identification and data capture, point-of-sale, electronic physical security, and three-dimensional printing technologies. The Worldwide Communications and Services segment includes voice, video conferencing, wireless, data networking, and converged communications solutions. The company was founded by Michael L. Baur and Steven H. Owings in December 1992 and is headquartered in Greenville, SC.

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SCSC Stock News Headlines

This Stock's Worth Researching
Uncover the buzz behind this trending stock. Read the comprehensive report here.
This Stock's Worth Researching
Uncover the buzz behind this trending stock. Read the comprehensive report here.
ScanSource Appoints Chief Accounting Officer
ScanSource Promotes Brandy Ford To Chief Accounting Officer
ScanSource (NASDAQ:SCSC) Trading Up 5.4% After Earnings Beat
ScanSource Q3 Profit Tops Estimates
ScanSource (SCSC) to Release Quarterly Earnings on Tuesday
ScanSource Boosted By International Growth
When Should You Buy ScanSource, Inc. (NASDAQ:SCSC)?
ScanSource Announces Appointment of Chief Legal Officer
See More Headlines

SCSC Price History

SCSC Company Calendar

Last Earnings
5/09/2023
Today
6/09/2023
Fiscal Year End
6/30/2023
Next Earnings (Estimated)
8/22/2023

Industry, Sector and Symbol

Industry
Computers, peripherals, & software
Sub-Industry
Technology Distributors
Current Symbol
NASDAQ:SCSC
CUSIP
80603710
Employees
2,700
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
+30.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$88.80 million
Pretax Margin
3.28%

Debt

Sales & Book Value

Annual Sales
$3.53 billion
Cash Flow
$5.21 per share
Book Value
$31.96 per share

Miscellaneous

Free Float
23,747,000
Market Cap
$763.93 million
Optionable
Optionable
Beta
1.45

Social Links


Key Executives

  • Michael L. BaurMichael L. Baur
    Chairman & Chief Executive Officer
  • John Eldh
    President
  • Stephen Jones
    Chief Financial Officer & Senior Executive VP
  • Rachel Hayden
    Chief Information Officer & Senior Executive VP
  • Brandy Ford
    Chief Accounting Officer & Senior Vice President













SCSC Stock - Frequently Asked Questions

Should I buy or sell ScanSource stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ScanSource in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 brokerages have issued 1-year price targets for ScanSource's shares. 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 twelve months. This suggests a possible upside of 30.4% 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 on January 1st, 2023. Since then, SCSC stock has increased by 5.0% and is now trading at $30.68.
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, August 22nd 2023.
View our SCSC earnings forecast
.

How were ScanSource's earnings last quarter?

ScanSource, Inc. (NASDAQ:SCSC) issued its quarterly earnings data on Tuesday, May, 9th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.05. The industrial products company earned $885.50 million during the quarter, compared to analyst estimates of $864.33 million. ScanSource had a net margin of 2.39% and a trailing twelve-month return on equity of 12.06%. The firm's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS.

What guidance has ScanSource issued on next quarter's earnings?

ScanSource issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.76B-, compared to the consensus revenue estimate of $3.82 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."

Who are ScanSource's major shareholders?

ScanSource's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (19.42%), Dimensional Fund Advisors LP (7.90%), Victory Capital Management Inc. (7.12%), Pzena Investment Management LLC (6.96%), State Street Corp (4.13%) and JPMorgan Chase & Co. (2.39%). Insiders that own company stock include Charles Alexander Mathis, Charles R Whitchurch, John Charles Eldh, Michael J Grainger 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.

What is ScanSource's stock price today?

One share of SCSC stock can currently be purchased for approximately $30.68.

How much money does ScanSource make?

ScanSource (NASDAQ:SCSC) has a market capitalization of $763.93 million and generates $3.53 billion in revenue each year. The industrial products company earns $88.80 million in net income (profit) each year or $3.56 on an earnings per share basis.

How many employees does ScanSource have?

The company employs 2,700 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 6/9/2023 by MarketBeat.com Staff

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