NASDAQ:SCSCScanSource Stock Price, Forecast & News

ScanSource's stock was trading at $21.90 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SCSC shares have increased by 12.6% and is now trading at $24.65. 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) announced its earnings results on Monday, May, 11th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by $0.05. The industrial products company earned $872.50 million during the quarter, compared to analyst estimates of $737.85 million. ScanSource had a net margin of 0.94% and a return on equity of 7.19%. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. View ScanSource's earnings history.

1 Wall Street analysts have issued 12 month price targets for ScanSource's stock. Their forecasts range from $33.00 to $33.00. On average, they expect ScanSource's share price to reach $33.00 in the next twelve months. This suggests a possible upside of 33.9% from the stock's current price. View analysts' price targets for ScanSource.

News coverage about SCSC stock has trended somewhat negative recently, according to InfoTrie. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. ScanSource earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the company's share price in the near term. View the latest news aboutScanSource.

ScanSource saw a decline in short interest in April. As of April 15th, there was short interest totaling 393,900 shares, a decline of 7.1% from the March 31st total of 424,200 shares. Based on an average daily volume of 155,500 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.6% of the company's 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), 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 a number of institutional and retail 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 acquired 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 $24.65.

ScanSource has a market capitalization of $624.88 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]