ScanSource (NASDAQ:SCSC) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

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

ScanSource Stock Performance

SCSC traded down $5.76 during trading hours on Thursday, reaching $44.23. The company’s stock had a trading volume of 198,445 shares, compared to its average volume of 156,714. ScanSource has a 52 week low of $31.01 and a 52 week high of $53.90. The firm has a market cap of $1.05 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.45. The company’s 50-day moving average is $50.02 and its 200-day moving average 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.

Insider Activity at ScanSource

In related news, CAO Brandy Ford sold 1,845 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $49.38, for a total value of $91,106.10. Following the sale, the chief accounting officer now owns 9,506 shares of the company’s stock, valued at $469,406.28. The trade was a 16.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael L. Baur sold 29,617 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 177,760 shares in the company, valued at approximately $8,745,792. This represents a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,855 shares of company stock worth $2,702,949. 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.