ScanSource (SCSC) to Release Earnings on Thursday

ScanSource (NASDAQ:SCSC) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect ScanSource to post earnings of $0.89 per share and revenue of $847.60 million for the quarter. ScanSource has set its FY 2025 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.07. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. The company had revenue of $775.58 million for the quarter, compared to the consensus estimate of $774.90 million. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s revenue was down 11.5% compared to the same quarter last year. On average, analysts expect ScanSource to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ScanSource Stock Performance

Shares of NASDAQ:SCSC traded down $0.19 on Tuesday, hitting $50.24. 64,712 shares of the company were exchanged, compared to its average volume of 148,721. The company’s 50 day moving average price is $49.98 and its two-hundred day moving average price is $48.59. ScanSource has a one year low of $31.01 and a one year high of $53.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.03. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.46 and a beta of 1.45.

Insider Activity

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

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.