ScanSource, Inc. (NASDAQ:SCSC) has earned an average broker rating score of 0.00 () from the three analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.
Analysts have set a 1-year consensus price target of $44.00 for the company and are forecasting that the company will post $0.66 EPS for the current quarter, according to Zacks. Zacks has also given ScanSource an industry rank of 156 out of 265 based on the ratings given to its competitors.
Several equities research analysts recently issued reports on SCSC shares. TheStreet raised ScanSource from a “hold” rating to a “buy” rating in a research note on Wednesday, December 21st. FinTrust Advisors downgraded ScanSource from a “buy” rating to a “hold” rating and increased their price objective for the stock from $42.20 to $48.50 in a research note on Monday, February 20th. Finally, Zacks Investment Research downgraded ScanSource from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th.
ScanSource (NASDAQ:SCSC) opened at 39.90 on Tuesday. The stock has a market cap of $1.01 billion, a PE ratio of 15.92 and a beta of 1.18. ScanSource has a 12-month low of $29.05 and a 12-month high of $44.95. The firm has a 50-day moving average price of $41.27 and a 200-day moving average price of $38.38.
ScanSource (NASDAQ:SCSC) last announced its quarterly earnings data on Tuesday, February 7th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. The firm earned $904.80 million during the quarter, compared to the consensus estimate of $962.57 million. ScanSource had a return on equity of 8.56% and a net margin of 1.85%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 EPS. Analysts forecast that ScanSource will post $2.84 EPS for the current fiscal year.
In other news, CEO Michael L. Baur sold 50,000 shares of the firm’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $40.21, for a total transaction of $2,010,500.00. Following the completion of the sale, the chief executive officer now directly owns 51,572 shares of the company’s stock, valued at approximately $2,073,710.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Grainger sold 2,900 shares of the firm’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $43.15, for a total value of $125,135.00. Following the sale, the director now directly owns 10,400 shares of the company’s stock, valued at $448,760. The disclosure for this sale can be found here. 3.03% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in ScanSource by 33.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,856 shares of the company’s stock worth $156,000 after buying an additional 973 shares during the period. Pacad Investment Ltd. purchased a new stake in ScanSource during the fourth quarter worth $174,000. Princeton Alpha Management LP purchased a new stake in ScanSource during the third quarter worth $279,000. Aperio Group LLC increased its stake in ScanSource by 7.4% in the third quarter. Aperio Group LLC now owns 7,819 shares of the company’s stock worth $285,000 after buying an additional 539 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in ScanSource during the second quarter worth $353,000. 98.93% of the stock is owned by institutional investors.
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ScanSource Company Profile
ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.
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