ScanSource (SCSC) to Release Earnings on Thursday

ScanSource (NASDAQ:SCSC) is expected to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect ScanSource to post earnings of $0.89 per share and revenue of $847.60 million for the quarter. ScanSource has set its FY 2025 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

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

ScanSource Trading Down 0.4 %

NASDAQ:SCSC traded down $0.19 during trading hours on Tuesday, hitting $50.24. The stock had a trading volume of 64,712 shares, compared to its average volume of 148,721. ScanSource has a one year low of $31.01 and a one year high of $53.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.03. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.46 and a beta of 1.45. The business’s 50 day moving average is $49.98 and its 200-day moving average is $48.59.

Insider Buying and Selling at ScanSource

In other ScanSource news, CAO Brandy Ford sold 1,845 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $49.38, for a total value 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 represents a 16.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael L. Baur sold 29,617 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $49.20, for a total transaction of $1,457,156.40. Following the completion of the transaction, the chief executive officer now owns 177,760 shares of the company’s stock, valued at $8,745,792. This trade represents a 14.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,855 shares of company stock valued at $2,702,949. Corporate insiders own 4.20% of the company’s stock.

ScanSource Company Profile

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.