NASDAQ:SCSC - ScanSource Stock Price, Price Target & More

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

ScanSource, Inc. (NASDAQ:SCSC) posted its quarterly earnings data on Tuesday, May, 8th. The industrial products company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.70 by $0.02. The industrial products company had revenue of $895.64 million for the quarter, compared to analyst estimates of $878.70 million. ScanSource had a net margin of 1.11% and a return on equity of 9.01%. The firm's revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS. View ScanSource's Earnings History.

ScanSource is scheduled to release their next quarterly earnings announcement on Tuesday, August, 28th 2018. View Earnings Estimates for ScanSource.

ScanSource updated its fourth quarter earnings guidance on Tuesday, May, 8th. The company provided EPS guidance of $0.74-0.80 for the period, compared to the Thomson Reuters consensus estimate of $0.78. The company issued revenue guidance of $940-1, compared to the consensus revenue estimate of $966.45 million.

1 analysts have issued 12 month price targets for ScanSource's shares. Their forecasts range from $43.00 to $43.00. On average, they anticipate ScanSource's share price to reach $43.00 in the next year. This suggests a possible upside of 3.7% from the stock's current price. View Analyst Ratings for ScanSource.

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, resulting in a consensus recommendation of "Buy."

Some companies that are related to ScanSource include SYNNEX (SNX), Tech Data (TECD), ePlus (PLUS), Presidio (PSDO), Wayside Technology Group (WSTG), Applied Visual Sciences (APVS), Speed Commerce (SPDC) and SED International (SEDN).

Media headlines about SCSC stock have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ScanSource earned a media sentiment score of 0.21 on Accern's scale. They also assigned media coverage about the industrial products company an impact score of 43.93 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.

ScanSource's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Fenimore Asset Management Inc. (1.23%), Peregrine Capital Management LLC (0.54%), Campbell & CO Investment Adviser LLC (0.04%) and Xact Kapitalforvaltning AB (0.02%). Company insiders that own ScanSource stock include John J Ellsworth, John Patrick Reilly, Michael J Grainger, Michael L Baur and Steven R Fischer. View Institutional Ownership Trends for ScanSource.

SCSC stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC and Fenimore Asset Management Inc.. Company insiders that have sold ScanSource company stock in the last year include John Patrick Reilly and Michael L Baur. View Insider Buying and Selling for ScanSource.

SCSC stock was bought by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC and Xact Kapitalforvaltning AB. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of SCSC stock can currently be purchased for approximately $41.45.

ScanSource has a market capitalization of $1.05 billion and generates $3.57 billion in revenue each year. The industrial products company earns $69.24 million in net income (profit) each year or $2.75 on an earnings per share basis. ScanSource employs 2,000 workers across the globe.

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]