ScanSource (NASDAQ:SCSC) Announces Quarterly Earnings Results

ScanSource (NASDAQ:SCSC) released its quarterly earnings data on Tuesday. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.13), Briefing.com reports. The business had revenue of $746.11 million during the quarter, compared to analyst estimates of $838.60 million. ScanSource had a return on equity of 8.28% and a net margin of 2.31%. ScanSource’s revenue was down 21.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 EPS. ScanSource updated its FY 2025 guidance to EPS.

ScanSource Stock Up 0.8 %

NASDAQ:SCSC traded up $0.40 during trading hours on Thursday, hitting $52.30. The stock had a trading volume of 381,799 shares, compared to its average volume of 210,225. The company has a market cap of $1.29 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44. The business has a 50 day simple moving average of $46.73 and a two-hundred day simple moving average of $44.96. ScanSource has a 1-year low of $27.86 and a 1-year high of $53.28. The company has a current ratio of 2.20, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15.

Wall Street Analyst Weigh In

Separately, Raymond James downgraded ScanSource from an “outperform” rating to a “market perform” rating in a report on Thursday, August 15th.

Insider Activity

In other news, CEO Michael L. Baur sold 34,203 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $42.49, for a total value of $1,453,285.47. Following the completion of the transaction, the chief executive officer now directly owns 118,080 shares in the company, valued at $5,017,219.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael L. Baur sold 34,203 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $42.49, for a total value of $1,453,285.47. Following the transaction, the chief executive officer now owns 118,080 shares in the company, valued at $5,017,219.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Stephen Jones sold 8,500 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $47.77, for a total value of $406,045.00. Following the completion of the transaction, the chief financial officer now directly owns 53,352 shares of the company’s stock, valued at approximately $2,548,625.04. The disclosure for this sale can be found here. Insiders have sold 114,531 shares of company stock worth $5,025,745 over the last 90 days. Company insiders own 4.56% of the company’s stock.

ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides 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.