Analysts predict that ScanSource, Inc. (NASDAQ:SCSC) will announce earnings of $0.47 per share for the current quarter, according to Zacks. Two analysts have made estimates for ScanSource’s earnings, with estimates ranging from $0.39 to $0.55. ScanSource reported earnings of $0.37 per share during the same quarter last year, which would indicate a positive year over year growth rate of 27%. The business is scheduled to report its next earnings results after the market closes on Monday, May 10th.
On average, analysts expect that ScanSource will report full-year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $2.21. For the next financial year, analysts expect that the business will post earnings of $2.56 per share, with EPS estimates ranging from $2.20 to $2.91. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover ScanSource.
ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Tuesday, February 2nd. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.12. ScanSource had a positive return on equity of 5.58% and a negative net margin of 6.63%. The company had revenue of $810.90 million for the quarter, compared to analyst estimates of $770.65 million. During the same quarter last year, the company posted $0.77 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year.
Hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC lifted its position in shares of ScanSource by 64.8% during the 4th quarter. Lazard Asset Management LLC now owns 2,376 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 934 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of ScanSource during the 4th quarter valued at approximately $133,000. QS Investors LLC acquired a new stake in shares of ScanSource during the 4th quarter valued at approximately $204,000. Royce & Associates LP acquired a new stake in shares of ScanSource during the 4th quarter valued at approximately $219,000. Finally, Susquehanna International Group LLP acquired a new position in shares of ScanSource during the 4th quarter worth approximately $302,000. Institutional investors own 93.38% of the company’s stock.
Shares of NASDAQ SCSC traded down $0.55 during midday trading on Thursday, reaching $29.28. 55,525 shares of the company were exchanged, compared to its average volume of 95,837. The company has a current ratio of 1.49, a quick ratio of 0.99 and a debt-to-equity ratio of 0.21. ScanSource has a 1 year low of $18.25 and a 1 year high of $34.10. The stock has a fifty day simple moving average of $30.84 and a 200 day simple moving average of $26.86. The stock has a market cap of $745.23 million, a P/E ratio of -3.50 and a beta of 1.51.
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.
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