ScanSource (NASDAQ:SCSC) Issues Earnings Results

ScanSource (NASDAQ:SCSC) posted its earnings results on Thursday. The industrial products company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11, Zacks reports. ScanSource had a net margin of 2.35% and a return on equity of 9.38%. The firm had revenue of $812.89 million for the quarter, compared to analyst estimates of $776.21 million. During the same period in the previous year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. ScanSource updated its FY 2026 guidance to EPS.

ScanSource Stock Up 11.8%

Shares of NASDAQ SCSC opened at $44.63 on Friday. The firm has a market cap of $1.01 billion, a PE ratio of 14.83, a P/E/G ratio of 1.08 and a beta of 1.41. ScanSource has a 12-month low of $28.75 and a 12-month high of $53.90. The company’s fifty day simple moving average is $41.42 and its 200 day simple moving average is $38.18. The company has a quick ratio of 1.32, a current ratio of 2.01 and a debt-to-equity ratio of 0.14.

Insider Transactions at ScanSource

In related news, EVP Rachel Hayden sold 6,738 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $41.27, for a total transaction of $278,077.26. Following the transaction, the executive vice president directly owned 13,174 shares of the company’s stock, valued at $543,690.98. This represents a 33.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SCSC. Canada Pension Plan Investment Board acquired a new position in ScanSource during the second quarter worth $25,000. Tower Research Capital LLC TRC raised its holdings in ScanSource by 672.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,632 shares of the industrial products company’s stock worth $194,000 after buying an additional 4,032 shares during the last quarter. AXA S.A. acquired a new position in ScanSource during the second quarter worth $246,000. Arrowstreet Capital Limited Partnership acquired a new position in ScanSource during the second quarter worth $394,000. Finally, BNP Paribas Financial Markets raised its holdings in ScanSource by 432.3% during the second quarter. BNP Paribas Financial Markets now owns 11,743 shares of the industrial products company’s stock worth $491,000 after buying an additional 9,537 shares during the last quarter. 97.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SCSC. Wall Street Zen raised shares of ScanSource from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Northcoast Research raised shares of ScanSource from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, May 6th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $42.00.

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.