ScanSource (NASDAQ:SCSC) Announces Quarterly Earnings Results

ScanSource (NASDAQ:SCSC) released its quarterly earnings results on Thursday. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.07, Briefing.com reports. ScanSource had a return on equity of 8.32% and a net margin of 2.36%. The company had revenue of $775.58 million during the quarter, compared to the consensus estimate of $774.90 million. During the same quarter in the prior year, the company posted $0.74 EPS. The firm’s revenue was down 11.5% on a year-over-year basis. ScanSource updated its FY 2025 guidance to EPS.

ScanSource Stock Performance

SCSC stock traded up $1.46 on Friday, reaching $52.23. 122,389 shares of the company were exchanged, compared to its average volume of 210,382. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.10 and a quick ratio of 1.33. ScanSource has a 12 month low of $27.86 and a 12 month high of $53.48. The stock’s fifty day moving average price is $47.15 and its 200 day moving average price is $46.71. The firm has a market capitalization of $1.25 billion, a PE ratio of 16.68, a PEG ratio of 1.56 and a beta of 1.42.

Analysts Set New Price Targets

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

ScanSource Company Profile

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. 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.