ScanSource (NASDAQ:SCSC) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.10, Bloomberg Earnings reports. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $965.15 million. ScanSource had a return on equity of 9.14% and a net margin of 1.18%. ScanSource’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share. ScanSource updated its Q3 guidance to $0.67-0.73 EPS.
ScanSource (NASDAQ SCSC) opened at $34.50 on Thursday. The firm has a market capitalization of $833.63, a P/E ratio of 10.90, a PEG ratio of 3.58 and a beta of 1.06. ScanSource has a 1 year low of $31.50 and a 1 year high of $45.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.94 and a quick ratio of 1.08.
SCSC has been the topic of a number of recent analyst reports. ValuEngine downgraded ScanSource from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded ScanSource from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. BidaskClub upgraded ScanSource from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 20th. Finally, TheStreet downgraded ScanSource from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $43.25.
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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