ScanSource (NASDAQ:SCSC) Issues Earnings Results

ScanSource (NASDAQ:SCSC) announced its earnings results on Thursday. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.04), Zacks reports. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. During the same period last year, the firm posted $0.85 EPS. ScanSource updated its FY 2025 guidance to EPS.

ScanSource Trading Down 11.2 %

Shares of NASDAQ:SCSC traded down $5.62 during trading on Thursday, reaching $44.38. 179,924 shares of the stock were exchanged, compared to its average volume of 155,960. The firm’s 50-day moving average price is $50.02 and its 200 day moving average price is $48.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.03. ScanSource has a 12-month low of $31.01 and a 12-month high of $53.90. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.46 and a beta of 1.45.

Insider Transactions at ScanSource

In other news, CAO Brandy Ford sold 1,845 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $49.38, for a total transaction of $91,106.10. Following the completion of the sale, the chief accounting officer now directly owns 9,506 shares of the company’s stock, valued at $469,406.28. This trade represents a 16.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael L. Baur sold 29,617 shares of ScanSource stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $49.20, for a total value of $1,457,156.40. Following the completion of the transaction, the chief executive officer now directly owns 177,760 shares in the company, valued at $8,745,792. This represents a 14.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,855 shares of company stock valued at $2,702,949 over the last quarter. Company insiders own 4.20% of the company’s stock.

About ScanSource

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.