ScanSource (NASDAQ:SCSC) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.70-$0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.90. The company issued revenue guidance of $970-$1.03 billion, compared to the consensus revenue estimate of $1.00 billion.ScanSource also updated its Q1 2020 guidance to $0.70-0.75 EPS.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of ScanSource from a sell rating to a hold rating in a research report on Tuesday. BidaskClub upgraded shares of ScanSource from a sell rating to a hold rating in a research report on Friday, July 26th. Raymond James cut their price objective on shares of ScanSource from $44.00 to $36.00 and set an outperform rating on the stock in a research report on Wednesday. TheStreet downgraded shares of ScanSource from a b- rating to a c+ rating in a research report on Friday, May 17th. Finally, Northcoast Research downgraded shares of ScanSource from a buy rating to a neutral rating in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. ScanSource presently has a consensus rating of Hold and an average price target of $39.00.
Shares of NASDAQ:SCSC opened at $30.75 on Friday. The company has a market cap of $803.71 million, a PE ratio of 9.15 and a beta of 0.95. The company’s 50-day moving average price is $32.16 and its 200 day moving average price is $34.57. ScanSource has a fifty-two week low of $28.40 and a fifty-two week high of $44.30. The company has a quick ratio of 0.99, a current ratio of 2.06 and a debt-to-equity ratio of 0.38.
ScanSource Company Profile
ScanSource, Inc distributes technology products and solutions in North America, Latin America, and Europe. It operates in two segments, Worldwide Barcode, Networking & Security (WW Barcode, Networking & Security); and Worldwide Communications & Services (WW Communications & Services).
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