Equities analysts expect that ScanSource, Inc. (NASDAQ:SCSC) will announce $969.23 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for ScanSource’s earnings. The highest sales estimate is $974.10 million and the lowest is $963.20 million. ScanSource reported sales of $904.79 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The company is expected to announce its next quarterly earnings results on Tuesday, February 6th.
On average, analysts expect that ScanSource will report full-year sales of $969.23 million for the current financial year, with estimates ranging from $3.69 billion to $3.76 billion. For the next year, analysts anticipate that the business will post sales of $3.85 billion per share, with estimates ranging from $3.81 billion to $3.89 billion. Zacks’ sales averages are an average based on a survey of analysts that follow ScanSource.
ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). The business had revenue of $924.56 million for the quarter, compared to analyst estimates of $966.20 million. ScanSource had a return on equity of 8.78% and a net margin of 1.65%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share.
Shares of ScanSource (NASDAQ:SCSC) traded down $0.05 during trading hours on Monday, reaching $35.15. The company had a trading volume of 79,600 shares, compared to its average volume of 87,600. ScanSource has a 1 year low of $33.55 and a 1 year high of $45.35. The company has a market capitalization of $896.01, a PE ratio of 15.28, a price-to-earnings-growth ratio of 3.93 and a beta of 1.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.94.
Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in ScanSource by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,974 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 446 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in ScanSource during the third quarter worth about $202,000. SG Americas Securities LLC grew its stake in ScanSource by 12.0% during the second quarter. SG Americas Securities LLC now owns 4,768 shares of the industrial products company’s stock worth $192,000 after buying an additional 509 shares during the last quarter. Palouse Capital Management Inc. bought a new stake in ScanSource during the third quarter worth about $226,000. Finally, Piedmont Investment Advisors LLC bought a new stake in ScanSource during the second quarter worth about $221,000. 94.35% of the stock is owned by institutional investors and hedge funds.
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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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