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“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,280.15
DOW   33,761.05
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Sinema took Wall Street money while killing tax on investors
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
This Could Be THE Watershed Moment of Our Financial Lives (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
NASDAQ:SCSC

ScanSource - SCSC Stock Forecast, Price & News

$33.21
+0.89 (+2.75%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$32.37
$33.42
50-Day Range
$29.58
$39.40
52-Week Range
$27.90
$41.01
Volume
57,240 shs
Average Volume
104,725 shs
Market Capitalization
$837.89 million
P/E Ratio
9.25
Dividend Yield
N/A
Price Target
$44.00

ScanSource MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.5% Upside
$44.00 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.63mentions of ScanSource in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$220,372 Sold Last Quarter
Proj. Earnings Growth
10.00%
From $4.00 to $4.40 Per Share

Overall MarketRank

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

2.84 out of 5 stars

Industrial Products Sector

22nd out of 191 stocks

Computers, Peripherals, & Software Industry

3rd 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 in two segments, Worldwide Barcode, Networking & Security; and Worldwide Communications & Services. The Worldwide Barcode, Networking & Security 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, intrusion-related, and wireless and networking infrastructure products. The Worldwide Communications & Services segment offers a portfolio of solutions primarily for communications technologies and services comprising voice, video conferencing, wireless, data networking, 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 also provides contact center and infrastructure services. ScanSource, Inc. was incorporated in 1992 and is headquartered in Greenville, South Carolina.

ScanSource Trading Up 2.8 %

Shares of SCSC Stock traded up $0.89 during trading hours on Friday, reaching $33.21. The company's stock had a trading volume of 57,240 shares, compared to its average volume of 104,725. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 0.21. ScanSource has a one year low of $27.90 and a one year high of $41.01. The stock has a market capitalization of $837.89 million, a P/E ratio of 9.25 and a beta of 1.43. The firm's fifty day simple moving average is $32.37 and its 200 day simple moving average is $33.49.

ScanSource (NASDAQ:SCSC - Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.35. ScanSource had a net margin of 2.71% and a return on equity of 13.55%. The company had revenue of $846.00 million for the quarter, compared to analysts' expectations of $764.20 million. During the same quarter in the previous year, the company earned $0.71 earnings per share. ScanSource's quarterly revenue was up 15.9% on a year-over-year basis. Equities research analysts expect that ScanSource will post 4 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of ScanSource from a "buy" rating to a "strong-buy" rating in a research note on Wednesday.

Insider Activity

In related news, CEO Michael L. Baur sold 1,800 shares of the company's stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $38.74, for a total value of $69,732.00. Following the sale, the chief executive officer now directly owns 79,192 shares of the company's stock, valued at $3,067,898.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other ScanSource news, Director Charles R. Whitchurch sold 2,000 shares of the company's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $38.67, for a total value of $77,340.00. Following the sale, the director now owns 17,500 shares in the company, valued at $676,725. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael L. Baur sold 1,800 shares of ScanSource stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $38.74, for a total value of $69,732.00. Following the transaction, the chief executive officer now owns 79,192 shares of the company's stock, valued at approximately $3,067,898.08. The disclosure for this sale can be found here. Insiders sold a total of 5,800 shares of company stock worth $220,372 in the last quarter. 3.56% of the stock is owned by company insiders.

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SCSC Stock News Headlines

ScanSource Names Chief People Officer
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SCSC Company Calendar

Last Earnings
11/09/2021
Today
8/13/2022
Next Earnings (Confirmed)
8/23/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Computers, peripherals, & software
Sub-Industry
Technology Distributors
Current Symbol
NASDAQ:SCSC
CUSIP
80603710
Employees
2,200
Year Founded
1992

Price Target and Rating

Average Stock Price Forecast
$44.00
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+32.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$10.80 million
Pretax Margin
3.38%

Debt

Sales & Book Value

Annual Sales
$3.15 billion
Cash Flow
$4.19 per share
Book Value
$28.71 per share

Miscellaneous

Free Float
24,334,000
Market Cap
$837.89 million
Optionable
Optionable
Beta
1.43

Social Links


Key Executives

  • Mr. Michael L. Baur (Age 65)
    Founder, Chairman & CEO
    Comp: $2.95M
  • Mr. John Charles Eldh (Age 54)
    Pres
    Comp: $1.73M
  • Mr. Stephen T. Jones (Age 50)
    Sr. EVP & CFO
    Comp: $823.99k
  • Ms. Rachel Hayden
    Sr. EVP & Chief Information Officer
  • Mr. Matthew S. Dean (Age 53)
    Sr. EVP, Chief Legal Officer & Corp. Sec.
    Comp: $886.87k
  • Mr. Gregory B. Dixon
    Chief Technology Officer
  • Ms. Mary M. Gentry
    VP of Investor Relations & Treasurer
  • Jason Weidman
    PR Mang.
  • Mr. Frank Blackwell
    VP of Sales for Communications
  • Mr. Ken Peterson
    Sr. Director of HR & Chief Diversity Officer













SCSC Stock - Frequently Asked Questions

Should I buy or sell ScanSource stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ScanSource in the last year. There are currently 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 2022?

1 brokers have issued 12 month price targets for ScanSource's shares. Their SCSC share price forecasts range from $44.00 to $44.00. On average, they anticipate the company's share price to reach $44.00 in the next twelve months. This suggests a possible upside of 32.5% 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 2022?

ScanSource's stock was trading at $35.08 at the beginning of the year. Since then, SCSC shares have decreased by 5.3% and is now trading at $33.21.
View the best growth stocks for 2022 here
.

When is ScanSource's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our SCSC earnings forecast
.

How can I listen to ScanSource's earnings call?

ScanSource will be holding an earnings conference call on Tuesday, August 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were ScanSource's earnings last quarter?

ScanSource, Inc. (NASDAQ:SCSC) posted its earnings results on Tuesday, November, 9th. The industrial products company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.27. The industrial products company had revenue of $857.31 million for the quarter, compared to the consensus estimate of $802.20 million. ScanSource had a trailing twelve-month return on equity of 13.55% and a net margin of 2.71%. During the same period in the previous year, the business earned $0.42 EPS.

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

ScanSource issued an update on its FY 2022 earnings guidance on Tuesday, June, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.47B-, compared to the consensus revenue estimate of $3.36 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 variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (7.67%), Pzena Investment Management LLC (6.41%), FMR LLC (3.82%), JPMorgan Chase & Co. (2.50%), Northern Trust Corp (1.25%) and Smith Graham & Co. Investment Advisors LP (1.19%). Insiders that own company stock include Charles Alexander Mathis, Charles R Whitchurch, Gerald Lyons, Matthew Dean, 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 $33.21.

How much money does ScanSource make?

ScanSource (NASDAQ:SCSC) has a market capitalization of $837.89 million and generates $3.15 billion in revenue each year. The industrial products company earns $10.80 million in net income (profit) each year or $3.59 on an earnings per share basis.

How many employees does ScanSource have?

The company employs 2,200 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

When was ScanSource founded?

ScanSource was founded in 1992.

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 8/14/2022 by MarketBeat.com Staff

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