NASDAQ:SCSC - ScanSource Stock Price, Forecast & News

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

ScanSource, Inc. (NASDAQ:SCSC) issued its quarterly earnings data on Tuesday, November, 12th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.73 by $0.01. The industrial products company earned $1.01 billion during the quarter, compared to analyst estimates of $957.93 million. ScanSource had a net margin of 1.40% and a return on equity of 9.03%. The business's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. View ScanSource's Earnings History.

ScanSource is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for ScanSource.

ScanSource issued an update on its second quarter 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of $0.80-0.85 for the period, compared to the Thomson Reuters consensus estimate of $0.88. The company issued revenue guidance of $$880-940 million, compared to the consensus revenue estimate of $$1.02 billion.

2 brokerages have issued twelve-month target prices for ScanSource's stock. Their forecasts range from $36.00 to $36.00. On average, they anticipate ScanSource's stock price to reach $36.00 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price. View Analyst Price Targets for 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.

News headlines about SCSC stock have been trending negative on Thursday, InfoTrie reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. ScanSource earned a coverage optimism score of -2.4 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for ScanSource.

ScanSource saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 579,700 shares, an increase of 10.6% from the December 15th total of 524,200 shares. Based on an average daily volume of 121,800 shares, the short-interest ratio is presently 4.8 days. Currently, 2.3% of the shares of the stock are short sold. View ScanSource's Current Options Chain.

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

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

ScanSource's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Smith Graham & Co. Investment Advisors LP (1.03%), Profit Investment Management LLC (0.25%), State of Alaska Department of Revenue (0.08%), First Hawaiian Bank (0.06%), Louisiana State Employees Retirement System (0.03%) and Tocqueville Asset Management L.P. (0.03%). Company insiders that own ScanSource stock include Charles R Whitchurch, Gerald Lyons, Michael J Grainger and Michael L Baur. View Institutional Ownership Trends for ScanSource.

SCSC stock was sold by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P., Smith Graham & Co. Investment Advisors LP, First Hawaiian Bank, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. Company insiders that have sold ScanSource company stock in the last year include Gerald Lyons and Michael L Baur. View Insider Buying and Selling for ScanSource.

SCSC stock was purchased by a variety of institutional investors in the last quarter, including Profit Investment Management LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of SCSC stock can currently be purchased for approximately $35.83.

ScanSource has a market capitalization of $905.32 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.

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

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]