ScanSource (SCSC) to Release Earnings on Tuesday

ScanSource (NASDAQ:SCSC) is projected to release its earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $847,600.00 billion for the quarter. ScanSource has set its FY 2025 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. The firm had revenue of $775.58 million during the quarter, compared to the consensus estimate of $774.90 million. ScanSource had a return on equity of 8.53% and a net margin of 2.49%. The company’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share. On average, analysts expect ScanSource to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ScanSource Stock Down 1.2 %

Shares of NASDAQ:SCSC opened at $50.42 on Tuesday. The business’s 50 day moving average is $49.98 and its 200 day moving average is $48.59. ScanSource has a 12-month low of $31.01 and a 12-month high of $53.90. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.46 and a beta of 1.45. The company has a quick ratio of 1.27, a current ratio of 2.03 and a debt-to-equity ratio of 0.15.

Insiders Place Their Bets

In related news, CEO Michael L. Baur sold 15,081 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $49.57, for a total transaction of $747,565.17. Following the transaction, the chief executive officer now directly owns 177,760 shares in the company, valued at approximately $8,811,563.20. The trade was a 7.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brandy Ford sold 1,845 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $49.38, for a total transaction of $91,106.10. Following the completion of the sale, the chief accounting officer now owns 9,506 shares of the company’s stock, valued at approximately $469,406.28. This trade represents a 16.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,855 shares of company stock valued at $2,702,949 in the last three months. 4.20% of the stock is currently owned by insiders.

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.