Sidoti Brokers Raise Earnings Estimates for ScanSource

ScanSource, Inc. (NASDAQ:SCSC) – Analysts at Sidoti upped their Q1 2027 EPS estimates for ScanSource in a research report issued to clients and investors on Friday, August 21st. Sidoti analyst G. Burns now anticipates that the industrial products company will post earnings per share of $1.05 for the quarter, up from their prior forecast of $0.88. The consensus estimate for ScanSource’s current full-year earnings is $4.30 per share. Sidoti also issued estimates for ScanSource’s Q3 2027 earnings at $0.97 EPS, Q4 2027 earnings at $1.58 EPS, Q3 2028 earnings at $1.12 EPS and Q4 2028 earnings at $1.76 EPS.

Several other research firms also recently commented on SCSC. Wall Street Zen upgraded ScanSource from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded ScanSource from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 29th. Finally, Northcoast Research lowered ScanSource from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.00.

ScanSource Stock Performance

ScanSource stock opened at $54.13 on Monday. The firm has a fifty day simple moving average of $53.23 and a two-hundred day simple moving average of $44.63. The company has a quick ratio of 1.15, a current ratio of 1.76 and a debt-to-equity ratio of 0.11. ScanSource has a twelve month low of $33.76 and a twelve month high of $66.78. The company has a market capitalization of $1.10 billion, a PE ratio of 14.79, a P/E/G ratio of 0.84 and a beta of 1.28.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings data on Thursday, August 20th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.32. ScanSource had a net margin of 2.44% and a return on equity of 10.10%. The company had revenue of $953.11 million during the quarter, compared to analysts’ expectations of $814.35 million. During the same quarter in the prior year, the company earned $1.02 EPS. The firm’s revenue was up 17.3% on a year-over-year basis.

Hedge Funds Weigh In On ScanSource

A number of hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of ScanSource by 2.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,859 shares of the industrial products company’s stock worth $471,000 after purchasing an additional 295 shares during the period. Royce & Associates LP increased its holdings in ScanSource by 1.7% during the 4th quarter. Royce & Associates LP now owns 26,088 shares of the industrial products company’s stock valued at $1,019,000 after purchasing an additional 433 shares during the period. Summit Global Investments raised its position in ScanSource by 3.3% during the 4th quarter. Summit Global Investments now owns 14,177 shares of the industrial products company’s stock valued at $554,000 after purchasing an additional 451 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in ScanSource by 2.0% in the 4th quarter. WINTON GROUP Ltd now owns 26,020 shares of the industrial products company’s stock worth $1,016,000 after buying an additional 510 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in ScanSource by 1.6% in the 3rd quarter. Franklin Resources Inc. now owns 36,424 shares of the industrial products company’s stock worth $1,602,000 after buying an additional 567 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

ScanSource Company Profile

ScanSource, Inc is a global provider of technology products and solutions designed to help businesses enhance operational efficiency and customer engagement. The company specializes in the distribution of point-of-sale (POS) systems, barcode and data capture devices, networking and communications equipment, and value-added software and cloud services. By combining hardware, software and professional services, ScanSource supports channel partners in delivering end-to-end solutions across multiple industries, including retail, hospitality, healthcare and logistics.

Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource has built a broad international footprint, serving customers throughout North, Central and South America as well as Europe, the Middle East and Africa.