Somewhat Positive Media Coverage Somewhat Unlikely to Impact ScanSource (SCSC) Share Price

Press coverage about ScanSource (NASDAQ:SCSC) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ScanSource earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.7420751154881 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several analysts have weighed in on the company. Zacks Investment Research downgraded ScanSource from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. ValuEngine downgraded ScanSource from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub downgraded ScanSource from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Finally, TheStreet downgraded ScanSource from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $38.00.

Shares of ScanSource (SCSC) opened at $32.95 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.15 and a quick ratio of 1.26. ScanSource has a 12-month low of $31.40 and a 12-month high of $45.35. The firm has a market capitalization of $840.21, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 3.49 and a beta of 1.06.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.10. ScanSource had a return on equity of 9.06% and a net margin of 1.18%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $965.15 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. equities research analysts forecast that ScanSource will post 3.16 EPS for the current fiscal year.

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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.

Insider Buying and Selling by Quarter for ScanSource (NASDAQ:SCSC)

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