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

ScanSource (NASDAQ:SCSC) released its earnings results on Thursday. The industrial products company reported $0.85 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 last year, the firm posted $0.85 EPS. ScanSource updated its FY 2025 guidance to EPS.

ScanSource Stock Down 0.4 %

Shares of SCSC traded down $0.18 during trading hours on Friday, hitting $42.42. The stock had a trading volume of 85,197 shares, compared to its average volume of 175,385. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.03 and a quick ratio of 1.27. ScanSource has a 1-year low of $31.01 and a 1-year high of $53.90. The firm has a 50 day simple moving average of $49.88 and a 200-day simple moving average of $48.60. The firm has a market capitalization of $1.01 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 1.42 and a beta of 1.45.

Insider Activity at ScanSource

In related news, CEO Michael L. Baur sold 15,081 shares of ScanSource stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $49.57, for a total transaction of $747,565.17. Following the transaction, the chief executive officer now owns 177,760 shares of the company’s stock, valued at $8,811,563.20. The trade was a 7.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brandy Ford sold 1,845 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $49.38, for a total transaction of $91,106.10. Following the transaction, 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 90 days, insiders sold 54,855 shares of company stock valued at $2,702,949. 4.20% of the stock is owned by company insiders.

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.