ScanSource (SCSC) Stock Forecast, Price & News

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 22nd 2023.
View our SCSC earnings forecast.

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.

ETFs with the largest weight of ScanSource (NASDAQ:SCSC) stock in their portfolio include Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap Information Technology ETF (PSCT), Hartford Multifactor Small Cap ETF (ROSC), Invesco S&P SmallCap 600 Revenue ETF (RWJ), Invesco S&P SmallCap Quality ETF (XSHQ), Schwab Fundamental U.S. Small Company Index ETF (FNDA).iShares Micro-Cap ETF (IWC).

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.

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.

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).

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

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

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.

The company employs 2,700 workers across the globe.

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.