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NASDAQ:SCSC

ScanSource (SCSC) Stock Price, News & Analysis

$49.63
+0.01 (+0.02%)
(As of 05/24/2024 ET)
Today's Range
$49.38
$50.57
50-Day Range
$40.08
$50.62
52-Week Range
$26.99
$50.95
Volume
213,055 shs
Average Volume
197,254 shs
Market Capitalization
$1.23 billion
P/E Ratio
15.76
Dividend Yield
N/A
Price Target
$35.50

ScanSource MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
28.5% Downside
$35.50 Price Target
Short Interest
Bearish
7.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.60
Upright™ Environmental Score
News Sentiment
1.11mentions of ScanSource in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$454,202 Sold Last Quarter
Proj. Earnings Growth
2.11%
From $3.31 to $3.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.46 out of 5 stars

Industrial Products Sector

112th out of 156 stocks

Computers, Peripherals, & Software Industry

4th out of 4 stocks

SCSC stock logo

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

SCSC Stock News Headlines

ScanSource Q3 Results Miss Estimates; Trims FY24 Sales Outlook
ScanSource: Fiscal Q3 Earnings Snapshot
Scansource Inc.
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
5/25/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
8/27/2024

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 Target
$35.50
High Stock Price Target
$36.00
Low Stock Price Target
$35.00
Potential Upside/Downside
-28.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$89.81 million
Pretax Margin
2.91%

Debt

Sales & Book Value

Annual Sales
$3.79 billion
Cash Flow
$5.10 per share
Book Value
$38.21 per share

Miscellaneous

Free Float
23,582,000
Market Cap
$1.23 billion
Optionable
Optionable
Beta
1.51

Social Links

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Key Executives

  • Mr. Michael L. BaurMr. Michael L. Baur (Age 67)
    Founder, Chairman & CEO
    Comp: $2.43M
  • Mr. Stephen T. Jones (Age 53)
    Senior EVP & CFO
    Comp: $1.02M
  • Ms. Rachel Hayden
    Senior EVP & Chief Information Officer
  • Ms. Shana Cochrane Smith (Age 51)
    Senior EVP, Chief Legal Officer & Corporate Secretary
    Comp: $587.73k
  • Ms. Brandy Ford (Age 44)
    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

SCSC Stock Analysis - Frequently Asked Questions

Should I buy or sell ScanSource stock right now?

2 Wall Street research 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 research analysts is that investors should "moderate 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 1 year target prices for ScanSource's stock. Their SCSC share price targets range from $35.00 to $36.00. On average, they predict the company's stock price to reach $35.50 in the next twelve months. This suggests that the stock has a possible downside of 28.5%.
View analysts price targets for SCSC
or view top-rated stocks among Wall Street analysts.

How have SCSC shares performed in 2024?

ScanSource's stock was trading at $39.61 at the beginning of the year. Since then, SCSC shares have increased by 25.3% and is now trading at $49.63.
View the best growth stocks for 2024 here
.

When is ScanSource's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 27th 2024.
View our SCSC earnings forecast
.

How were ScanSource's earnings last quarter?

ScanSource, Inc. (NASDAQ:SCSC) issued its quarterly earnings data on Tuesday, May, 7th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.15. The industrial products company earned $752.60 million during the quarter, compared to analysts' expectations of $822.10 million. ScanSource had a trailing twelve-month return on equity of 8.28% and a net margin of 2.31%. The business's revenue for the quarter was down 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share.

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

ScanSource updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.3 billion-, compared to the consensus revenue estimate of $3.6 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).

Who are ScanSource's major shareholders?

ScanSource's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (13.82%), Pzena Investment Management LLC (5.99%), Wasatch Advisors LP (4.20%), LSV Asset Management (1.96%), Assenagon Asset Management S.A. (0.70%) and Jacobs Levy Equity Management Inc. (0.60%). Insiders that own company stock include Brandy Ford, Charles Alexander Mathis, Charles R Whitchurch, John Charles Eldh, Michael L Baur and Peter C Browning.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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..
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This page (NASDAQ:SCSC) was last updated on 5/26/2024 by MarketBeat.com Staff

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