ScanSource (NASDAQ:SCSC) Posts Earnings Results, Misses Expectations By $0.13 EPS

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

ScanSource Price Performance

ScanSource stock opened at $52.30 on Friday. The company’s 50 day simple moving average is $46.89 and its 200-day simple moving average is $45.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 2.20. ScanSource has a 1 year low of $27.86 and a 1 year high of $53.28. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44.

Insider Buying and Selling

In other ScanSource news, EVP Shana C. Smith sold 2,245 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $48.00, for a total value of $107,760.00. Following the sale, the executive vice president now owns 16,463 shares of the company’s stock, valued at $790,224. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Michael L. Baur sold 34,203 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $42.49, for a total value of $1,453,285.47. Following the completion of the transaction, the chief executive officer now owns 118,080 shares of the company’s stock, valued at $5,017,219.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Shana C. Smith sold 2,245 shares of ScanSource stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $48.00, for a total transaction of $107,760.00. Following the completion of the transaction, the executive vice president now owns 16,463 shares of the company’s stock, valued at approximately $790,224. 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. Company insiders own 4.56% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.