NASDAQ:SCSCScanSource Stock Price, Forecast & News

$21.98

+1.92 (+9.57 %)

(As of 04/6/2020 04:00 PM ET)

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Today's Range

$20.95

Now: $21.98▼

$22.16

50-Day Range

$14.56

MA: $23.71▼

$31.93

52-Week Range

$13.78

Now: $21.98▼

$39.14

Volume216,139 shs

Average Volume145,762 shs

Market Capitalization$557.11 million

P/E Ratio12.21

Dividend YieldN/A

Beta1.25

ScanSource, Inc. distributes technology products and solutions in North America, Latin America, and Europe. It operates in two segments, Worldwide Barcode, Networking & Security (WW Barcode, Networking & Security); and Worldwide Communications & Services (WW Communications & Services). The WW Barcode, Networking & Security segment offers 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; and video conferencing, cloud, POS portal, and other services. The WW 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 comprising education, healthcare, and government. It also provides professional, contact center, and infrastructure services; and distributes communications technologies, digital networks, and cyber security products. The company also offers pre-sale business tools and value-added services that include market and technology solution, education and training, product configuration tool, technical support, logistics, and channel financial services. ScanSource, Inc. was founded in 1992 and is headquartered in Greenville, South Carolina.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
ScanSource has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $36.00, ScanSource has a potential upside of 63.8% from its current price of $21.98.
Amount of Analyst Coverage
ScanSource has received no research coverage in the past 90 days.

2.0 Community Rank

Outperform Votes
ScanSource has received 200 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
ScanSource has received 291 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
ScanSource has received 59.27% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about ScanSource and other stocks. Vote “Outperform” if you believe SCSC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SCSC will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
ScanSource does not currently pay a dividend.
Dividend Growth
ScanSource does not have a long track record of dividend growth.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ScanSource insiders have bought more of their company's stock than they have sold. Specifically, they have bought $195,705.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.87% of the stock of ScanSource is held by insiders.
Percentage Held by Institutions
96.43% of the stock of ScanSource is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for ScanSource are expected to grow by 16.35% in the coming year, from $2.63 to $3.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ScanSource is 12.21, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of ScanSource is 12.21, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 44.70.
Price to Book Value per Share Ratio
ScanSource has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.23 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Computers, peripherals, & software

Sub-IndustryTechnology Distributors

SectorIndustrial Products

Current SymbolNASDAQ:SCSC

Previous Symbol

CUSIP80603710

CIK918965

Webhttp://www.scansource.com/

Phone864-288-2432

Debt

Debt-to-Equity Ratio0.38

Current Ratio1.85

Quick Ratio0.96

Price-To-Earnings

Trailing P/E Ratio12.21

Forward P/E Ratio8.36

P/E GrowthN/A

Sales & Book Value

Annual Sales$3.87 billion

Price / Sales0.14

Cash Flow$5.26 per share

Price / Cash Flow4.18

Book Value$35.57 per share

Price / Book0.62

Profitability

EPS (Most Recent Fiscal Year)$3.36

Net Income$57.60 million

Net Margins1.20%

Return on Equity8.32%

Return on Assets3.56%

Miscellaneous

Employees2,700

Outstanding Shares25,346,000

Market Cap$557.11 million

Next Earnings Date5/14/2020 (Estimated)

OptionableOptionable

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ScanSource (NASDAQ:SCSC) Frequently Asked Questions

How has ScanSource's stock been impacted by COVID-19 (Coronavirus)?

ScanSource's stock was trading at $21.90 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SCSC shares have increased by 0.4% and is now trading at $21.98. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of ScanSource?

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, resulting in a consensus recommendation of "Buy." View analyst ratings for ScanSource.

When is ScanSource's next earnings date?

ScanSource is scheduled to release its next quarterly earnings announcement on Thursday, May 14th 2020. View our earnings forecast for ScanSource.

How were ScanSource's earnings last quarter?

ScanSource, Inc. (NASDAQ:SCSC) announced its earnings results on Tuesday, February, 4th. The industrial products company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.81 by $0.04. The industrial products company had revenue of $989.50 million for the quarter, compared to the consensus estimate of $908.27 million. ScanSource had a net margin of 1.20% and a return on equity of 8.32%. The firm's revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. View ScanSource's earnings history.

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

ScanSource issued an update on its third quarter earnings guidance on Tuesday, February, 4th. The company provided EPS guidance of $0.44-0.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.69. The company issued revenue guidance of $725-775 million, compared to the consensus revenue estimate of $790.20 million.

What price target have analysts set for SCSC?

2 Wall Street analysts have issued 12 month target prices for ScanSource's shares. Their forecasts range from $36.00 to $36.00. On average, they expect ScanSource's stock price to reach $36.00 in the next year. This suggests a possible upside of 63.8% from the stock's current price. View analysts' price targets for ScanSource.

Has ScanSource been receiving favorable news coverage?

News headlines about SCSC stock have been trending very negative on Monday, according to InfoTrie. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ScanSource earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutScanSource.

Are investors shorting ScanSource?

ScanSource saw a increase in short interest in March. As of March 13th, there was short interest totaling 511,400 shares, an increase of 13.7% from the February 27th total of 449,900 shares. Based on an average daily trading volume, of 132,000 shares, the days-to-cover ratio is presently 3.9 days. Currently, 2.0% of the company's shares are sold short. View ScanSource's Current Options Chain.

Who are some of ScanSource's key competitors?

Some companies that are related to ScanSource include Tech Data (TECD), Arrow Electronics (ARW), SYNNEX (SNX), Anixter International (AXE), Avnet (AVT), Insight Enterprises (NSIT), PC Connection (CNXN), Agilysys (AGYS) and Richardson Electronics (RELL).

What other stocks do shareholders of ScanSource own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ScanSource investors own include Las Vegas Sands (LVS), Pattern Energy Group (PEGI), Primo Water (PRMW), SYNNEX (SNX), Timkensteel (TMST), FireEye (FEYE), Universal Forest Products (UFPI), Walgreens Boots Alliance (WBA), Carnival (CCL) and Chewy (CHWY).

Who are ScanSource's key executives?

ScanSource's management team includes the following people:

Mr. Michael L. Baur, Founder, Chairman & CEO (Age 62)
Mr. Gerald Lyons, Exec. VP & CFO (Age 56)
Mr. James Sommese, VP of Operations (Age 48)
Mr. Gregory B. Dixon, Chief Technology Officer
Mr. Blake Zemp, Chief Information Officer

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 many different retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.09%). Company insiders that own ScanSource stock include Charles R Whitchurch, Gerald Lyons, Matthew Dean, Michael J Grainger and Michael L Baur. View institutional ownership trends for ScanSource.

Which major investors are buying ScanSource stock?

SCSC stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought ScanSource stock in the last two years include Matthew Dean, and Michael J Grainger. View insider buying and selling activity for ScanSource.

How do I buy shares of ScanSource?

Shares of SCSC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is ScanSource's stock price today?

One share of SCSC stock can currently be purchased for approximately $21.98.

How big of a company is ScanSource?

ScanSource has a market capitalization of $557.11 million and generates $3.87 billion in revenue each year. The industrial products company earns $57.60 million in net income (profit) each year or $3.36 on an earnings per share basis. ScanSource employs 2,700 workers across the globe. View additional information about ScanSource.

What is ScanSource's official website?

The official website for ScanSource is http://www.scansource.com/.

How can I contact ScanSource?

ScanSource's mailing address is 6 LOGUE COURT, GREENVILLE SC, 29615. The industrial products company can be reached via phone at 864-288-2432 or via email at [email protected]

This page was last updated on 4/6/2020 by MarketBeat.com Staff

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NASDAQ:SCSCScanSource Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

3.3 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage