ScanSource (NASDAQ:SCSC) Releases Earnings Results, Beats Estimates By $0.15 EPS

ScanSource (NASDAQ:SCSC) posted its earnings results on Thursday. The industrial products company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.15, Briefing.com reports. ScanSource had a net margin of 2.35% and a return on equity of 9.38%. The company had revenue of $739.65 million during the quarter, compared to analysts’ expectations of $787.37 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. ScanSource’s revenue for the quarter was down 4.6% compared to the same quarter last year. ScanSource updated its FY 2026 guidance to EPS.

ScanSource Stock Performance

SCSC traded down $0.59 during trading on Friday, reaching $40.60. 216,088 shares of the company’s stock were exchanged, compared to its average volume of 236,629. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 1.30. ScanSource has a 1 year low of $28.75 and a 1 year high of $53.90. The company’s fifty day simple moving average is $43.10 and its 200-day simple moving average is $41.29. The stock has a market capitalization of $895.92 million, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen lowered ScanSource from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 11th. Barclays assumed coverage on ScanSource in a research note on Tuesday, October 7th. They issued an “equal weight” rating and a $43.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of ScanSource in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of ScanSource from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ScanSource presently has a consensus rating of “Hold” and an average price target of $42.50.

Insiders Place Their Bets

In other ScanSource news, EVP Rachel Hayden sold 752 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $43.57, for a total transaction of $32,764.64. Following the sale, the executive vice president directly owned 14,918 shares of the company’s stock, valued at approximately $649,977.26. This trade represents a 4.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael L. Baur sold 47,969 shares of ScanSource stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $44.34, for a total value of $2,126,945.46. Following the transaction, the chief executive officer owned 202,512 shares of the company’s stock, valued at $8,979,382.08. The trade was a 19.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 153,677 shares of company stock worth $6,876,030 in the last quarter. Company insiders own 3.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its holdings in ScanSource by 400.5% in the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 1,670 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of ScanSource by 3.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 70,843 shares of the industrial products company’s stock valued at $2,962,000 after purchasing an additional 2,353 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of ScanSource by 672.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,632 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 4,032 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of ScanSource by 0.6% in the 2nd quarter. Wasatch Advisors LP now owns 844,949 shares of the industrial products company’s stock valued at $35,327,000 after purchasing an additional 4,798 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in ScanSource by 1.3% during the second quarter. Lazard Asset Management LLC now owns 43,016 shares of the industrial products company’s stock worth $1,797,000 after buying an additional 567 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

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.