$0.79 Earnings Per Share Expected for ScanSource, Inc. (SCSC) This Quarter

Brokerages expect ScanSource, Inc. (NASDAQ:SCSC) to announce $0.79 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for ScanSource’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.79. ScanSource posted earnings of $0.75 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 5.3%. The business is scheduled to issue its next earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that ScanSource will report full-year earnings of $2.98 per share for the current fiscal year, with EPS estimates ranging from $2.94 to $3.05. For the next fiscal year, analysts forecast that the company will report earnings of $3.23 per share, with EPS estimates ranging from $3.20 to $3.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow ScanSource.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). ScanSource had a net margin of 1.65% and a return on equity of 8.78%. The company had revenue of $924.56 million for the quarter, compared to analyst estimates of $966.20 million. During the same period last year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis.

Several research analysts recently commented on SCSC shares. Zacks Investment Research cut ScanSource from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. BidaskClub lowered ScanSource from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. TheStreet lowered ScanSource from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. ValuEngine lowered ScanSource from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Northcoast Research lowered ScanSource from a “buy” rating to a “neutral” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $45.75.

Shares of ScanSource (NASDAQ SCSC) traded down $0.20 during midday trading on Friday, reaching $35.25. The company had a trading volume of 67,980 shares, compared to its average volume of 84,233. ScanSource has a 1 year low of $33.55 and a 1 year high of $45.35. The company has a quick ratio of 1.08, a current ratio of 1.94 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $903.96, a PE ratio of 15.33, a PEG ratio of 3.93 and a beta of 1.04.

A number of large investors have recently added to or reduced their stakes in SCSC. Schwab Charles Investment Management Inc. raised its stake in ScanSource by 13.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 271,081 shares of the industrial products company’s stock valued at $10,925,000 after buying an additional 32,215 shares during the period. SG Americas Securities LLC boosted its holdings in shares of ScanSource by 12.0% in the 2nd quarter. SG Americas Securities LLC now owns 4,768 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 509 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of ScanSource by 5.3% in the 2nd quarter. Legal & General Group Plc now owns 72,368 shares of the industrial products company’s stock valued at $2,916,000 after purchasing an additional 3,665 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of ScanSource by 47.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,357 shares of the industrial products company’s stock valued at $417,000 after purchasing an additional 3,317 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of ScanSource by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,974 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 446 shares in the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.

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ScanSource Company Profile

ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.

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