ScanSource (NASDAQ:SCSC) Issues Earnings Results

ScanSource (NASDAQ:SCSC) released its earnings results on Thursday. The industrial products company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07, Briefing.com reports. ScanSource had a net margin of 2.36% and a return on equity of 8.32%. The business had revenue of $775.58 million during the quarter, compared to analyst estimates of $774.90 million. During the same period in the prior year, the business earned $0.74 earnings per share. The business’s quarterly revenue was down 11.5% on a year-over-year basis. ScanSource updated its FY 2025 guidance to EPS.

ScanSource Stock Up 2.3 %

Shares of ScanSource stock traded up $1.15 during trading hours on Friday, reaching $51.92. 240,892 shares of the company’s stock were exchanged, compared to its average volume of 210,594. ScanSource has a fifty-two week low of $27.86 and a fifty-two week high of $53.48. The stock has a market cap of $1.25 billion, a P/E ratio of 16.68, a P/E/G ratio of 1.56 and a beta of 1.42. The company has a current ratio of 2.10, a quick ratio of 1.33 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $47.15 and a two-hundred day moving average of $46.71.

Analyst Ratings Changes

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

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.