ScanSource (NASDAQ:SCSC) Issues Quarterly Earnings Results

ScanSource (NASDAQ:SCSC) released its earnings results on Tuesday. The industrial products company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.13), Briefing.com reports. The company had revenue of $746.11 million during the quarter, compared to analysts’ expectations of $838.60 million. ScanSource had a return on equity of 8.28% and a net margin of 2.31%. The company’s revenue was down 21.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. ScanSource updated its FY 2025 guidance to EPS.

ScanSource Stock Performance

SCSC stock opened at $52.30 on Friday. The stock’s 50 day simple moving average is $46.89 and its 200 day simple moving average is $45.02. The company has a current ratio of 2.20, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15. ScanSource has a 12-month low of $27.86 and a 12-month high of $53.28. The stock has a market capitalization of $1.29 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other ScanSource news, CEO Michael L. Baur sold 7,798 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $43.81, for a total value of $341,630.38. Following the completion of the transaction, the chief executive officer now owns 118,080 shares of the company’s stock, valued at approximately $5,173,084.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Michael L. Baur sold 7,798 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $43.81, for a total value of $341,630.38. Following the sale, the chief executive officer now owns 118,080 shares in the company, valued at $5,173,084.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael L. Baur sold 18,897 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $42.61, for a total transaction of $805,201.17. Following the sale, the chief executive officer now owns 118,080 shares of the company’s stock, valued at $5,031,388.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,531 shares of company stock valued at $5,025,745. Corporate insiders own 4.56% of the company’s stock.

ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. 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.