ScanSource (NASDAQ:SCSC) Sets New 1-Year High on Better-Than-Expected Earnings

Posted by Stanley Muller on Aug 20th, 2026

ScanSource, Inc. (NASDAQ:SCSC – Get Free Report) hit a new 52-week high on Thursday following a better than expected earnings announcement. The stock traded as high as $66.78 and last traded at $61.0310, with a volume of 139051 shares changing hands. The stock had previously closed at $51.42.

The industrial products company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.32. The business had revenue of $953.11 million for the quarter, compared to the consensus estimate of $814.35 million. ScanSource had a net margin of 2.38% and a return on equity of 9.35%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.02 earnings per share.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SCSC. Northcoast Research cut ScanSource from a “buy” rating to a “neutral” rating in a research report on Monday. Weiss Ratings raised ScanSource from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 29th. Finally, Wall Street Zen raised ScanSource from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.00.

Read Our Latest Report on SCSC

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Amundi lifted its position in shares of ScanSource by 35.1% during the 1st quarter. Amundi now owns 26,464 shares of the industrial products company’s stock valued at $836,000 after acquiring an additional 6,880 shares during the period. AQR Capital Management LLC grew its holdings in ScanSource by 3.8% in the first quarter. AQR Capital Management LLC now owns 128,574 shares of the industrial products company’s stock worth $4,373,000 after purchasing an additional 4,693 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in ScanSource by 2.2% in 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. Millennium Management LLC increased its stake in ScanSource by 8.4% in the first quarter. Millennium Management LLC now owns 259,808 shares of the industrial products company’s stock valued at $8,836,000 after purchasing an additional 20,086 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of ScanSource by 35.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 61,513 shares of the industrial products company’s stock valued at $2,092,000 after purchasing an additional 16,044 shares during the period. Institutional investors own 97.91% of the company’s stock.

ScanSource Stock Up 15.5%

The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 0.81 and a beta of 1.28. The firm’s fifty day moving average price is $52.91 and its two-hundred day moving average price is $44.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.86 and a quick ratio of 1.20.

ScanSource Company Profile

(Get Free Report)

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.