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NASDAQ:SCSC

ScanSource Stock Forecast, Price & News

$25.72
+0.15 (+0.59 %)
(As of 12/2/2020 12:00 AM ET)
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Today's Range
$25.31
Now: $25.72
$25.77
50-Day Range
$19.96
MA: $23.23
$27.31
52-Week Range
$13.78
Now: $25.72
$39.01
Volume45,149 shs
Average Volume117,663 shs
Market Capitalization$652.39 million
P/E RatioN/A
Dividend YieldN/A
Beta1.37
ScanSource, Inc. distributes technology products and solutions in the United States, Canada, and internationally. It operates in two segments, Worldwide Barcode, Networking & Security; and Worldwide Communications & Services. The Worldwide 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. The Worldwide 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. The company also provides contact center, and infrastructure services. ScanSource, Inc. was founded in 1992 and is headquartered in Greenville, South Carolina.
ScanSource logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.0Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.53 out of 5 stars


Industry, Sector and Symbol

Industry Computers, peripherals, & software
Sub-IndustryTechnology Distributors
Current SymbolNASDAQ:SCSC
CUSIP80603710
Phone864-288-2432
Employees2,200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.05 billion
Cash Flow$4.24 per share
Book Value$26.76 per share

Profitability

Net Income$-192,650,000.00

Miscellaneous

Market Cap$652.39 million
Next Earnings Date2/2/2021 (Estimated)
OptionableOptionable
$25.72
+0.15 (+0.59 %)
(As of 12/2/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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ScanSource (NASDAQ:SCSC) Frequently Asked Questions

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

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 17.4% and is now trading at $25.72.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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."
View analyst ratings for ScanSource
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than ScanSource?

Wall Street analysts have given ScanSource a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but ScanSource wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is ScanSource's next earnings date?

ScanSource is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for ScanSource
.

How were ScanSource's earnings last quarter?

ScanSource, Inc. (NASDAQ:SCSC) released its earnings results on Monday, November, 9th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.40 by $0.02. The industrial products company had revenue of $757.34 million for the quarter, compared to analysts' expectations of $770 million. ScanSource had a positive return on equity of 6.11% and a negative net margin of 5.50%. The business's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 EPS.
View ScanSource's earnings history
.

What price target have analysts set for SCSC?

1 Wall Street analysts have issued twelve-month price targets for ScanSource's shares. Their forecasts range from $27.00 to $27.00. On average, they expect ScanSource's share price to reach $27.00 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
View analysts' price targets for ScanSource
.

Are investors shorting ScanSource?

ScanSource saw a increase in short interest during the month of October. As of October 30th, there was short interest totaling 378,000 shares, an increase of 31.9% from the October 15th total of 286,500 shares. Based on an average trading volume of 106,600 shares, the days-to-cover ratio is presently 3.5 days. Currently, 1.5% of the shares of the company are sold short.
View ScanSource's Short Interest
.

Who are some of ScanSource's key competitors?

What other stocks do shareholders of ScanSource own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ScanSource investors own include SYNNEX (SNX), Las Vegas Sands (LVS), Tesla (TSLA), Carnival Co. & (CCL), FireEye (FEYE), ONEOK (OKE), Pattern Energy Group (PEGI), TELUS (TU), Verizon Communications (VZ) and Walmart (WMT).

Who are ScanSource's key executives?

ScanSource's management team includes the following people:
  • Mr. Michael L. Baur, Founder, Chairman & CEO (Age 63, Pay $1.35M)
  • Mr. Gerald Lyons, Sr. EVP & CFO (Age 57, Pay $464.68k)
  • Mr. Matthew S. Dean, Sr. EVP and Chief Legal & Strategy Officer (Age 50, Pay $455.57k)
  • Mr. R. Scott Benbenek, Sr. Exec. VP of Worldwide Operations & Integration (Age 64)
  • Mr. Gregory B. Dixon, Chief Technology Officer
  • Ms. Mary M. Gentry, VP of Investor Relations & Treasurer
  • Jason Weidman, PR Mang.
  • Mr. Frank Blackwell, VP of Sales for Communications
  • Mr. Ken Peterson, Sr. Director of HR & Chief Diversity Officer
  • Mr. Glen D. Baker, Sr. Exec. VP of Supplier Services (Age 62)

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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.91%), Pzena Investment Management LLC (6.40%), Victory Capital Management Inc. (5.90%), JPMorgan Chase & Co. (4.09%), State Street Corp (3.60%) and LSV Asset Management (3.40%). 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 institutional investors are selling ScanSource stock?

SCSC stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., AQR Capital Management LLC, State Street Corp, LSV Asset Management, Victory Capital Management Inc., Thrivent Financial for Lutherans, Charles Schwab Investment Management Inc., and Aperio Group LLC. Company insiders that have sold ScanSource company stock in the last year include Charles R Whitchurch, and Michael L Baur.
View insider buying and selling activity for ScanSource
.

Which institutional investors are buying ScanSource stock?

SCSC stock was purchased by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Assenagon Asset Management S.A., Pekin Hardy Strauss Inc., Pekin Hardy Strauss Inc., Smith Graham & Co. Investment Advisors LP, Acadian Asset Management LLC, Pacer Advisors Inc., and Louisiana State Employees Retirement System. 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 $25.72.

How big of a company is ScanSource?

ScanSource has a market capitalization of $652.39 million and generates $3.05 billion in revenue each year. The industrial products company earns $-192,650,000.00 in net income (profit) each year or $2.05 on an earnings per share basis. ScanSource employs 2,200 workers across the globe.

What is ScanSource's official website?

The official website for ScanSource is 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 12/3/2020 by MarketBeat.com Staff

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