NASDAQ:SCSCScanSource Stock Price, Forecast & News

ScanSource's stock was trading at $21.90 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SCSC stock has increased by 12.5% and is now trading at $24.63. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for ScanSource.

ScanSource is scheduled to release its next quarterly earnings announcement on Tuesday, August 18th 2020. View our earnings forecast for ScanSource.

ScanSource, Inc. (NASDAQ:SCSC) posted its quarterly earnings data on Monday, May, 11th. The industrial products company reported $0.37 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.42 by $0.05. The industrial products company had revenue of $872.50 million for the quarter, compared to the consensus estimate of $737.85 million. ScanSource had a net margin of 0.94% and a return on equity of 7.19%. The company's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. View ScanSource's earnings history.

1 brokers have issued 1-year price targets for ScanSource's stock. Their forecasts range from $33.00 to $33.00. On average, they anticipate ScanSource's share price to reach $33.00 in the next year. This suggests a possible upside of 34.0% from the stock's current price. View analysts' price targets for ScanSource.

Media coverage about SCSC stock has been trending somewhat negative this week, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. ScanSource earned a news impact score of -1.0 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the near term. View the latest news aboutScanSource.

ScanSource saw a decrease in short interest in April. As of April 15th, there was short interest totaling 393,900 shares, a decrease of 7.1% from the March 31st total of 424,200 shares. Based on an average trading volume of 155,500 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.6% of the shares of the company 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), Anixter International (AXE), Avnet (AVT), Insight Enterprises (NSIT), PC Connection (CNXN), Agilysys (AGYS) and Richardson Electronics (RELL). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other ScanSource investors own include Las Vegas Sands (LVS), SYNNEX (SNX), Pattern Energy Group (PEGI), Primo Water (PRMW), Ring Energy (REI), Ring Energy (REI), Verizon Communications (VZ), Advance Auto Parts (AAP), Carnival (CCL) and Energy Transfer LP Unit (ET).

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

ScanSource's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (17.95%), Pzena Investment Management LLC (6.05%), Victory Capital Management Inc. (5.96%), Victory Capital Management Inc. (5.96%), State Street Corp (3.73%) and JPMorgan Chase & Co. (2.83%). 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.

SCSC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Squarepoint Ops LLC, Foundry Partners LLC, Invesco Ltd., Public Sector Pension Investment Board, Bank of New York Mellon Corp, and Citigroup Inc.. View insider buying and selling activity for ScanSource.

SCSC stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Victory Capital Management Inc., Victory Capital Management Inc., State Street Corp, Raymond James Financial Services Advisors Inc., Pzena Investment Management LLC, Martingale Asset Management L P, and Acadian Asset Management LLC. 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.

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 $24.63.

ScanSource has a market capitalization of $624.27 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.

The official website for ScanSource is 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]