ScanSource, Inc. (NASDAQ:SCSC – Free Report) – Stock analysts at Sidoti boosted their Q2 2027 EPS estimates for shares of ScanSource in a report released on Friday, November 6th. Sidoti analyst G. Burns now anticipates that the industrial products company will post earnings of $1.31 per share for the quarter, up from their previous estimate of $1.29. The consensus estimate for ScanSource’s current full-year earnings is $4.73 per share. Sidoti also issued estimates for ScanSource’s Q3 2027 earnings at $1.01 EPS, Q4 2027 earnings at $1.52 EPS, FY2027 earnings at $4.71 EPS, Q1 2028 earnings at $1.29 EPS, Q2 2028 earnings at $1.49 EPS, Q3 2028 earnings at $1.14 EPS, Q4 2028 earnings at $1.61 EPS and FY2028 earnings at $5.53 EPS.
ScanSource (NASDAQ:SCSC – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.26). The business had revenue of $962.29 million during the quarter, compared to analyst estimates of $860.35 million. ScanSource had a return on equity of 9.44% and a net margin of 1.96%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the company earned $1.06 EPS.
SCSC has been the subject of several other research reports. Wall Street Zen downgraded ScanSource from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Northcoast Research lowered ScanSource from a “buy” rating to a “neutral” rating in a research note on Monday, August 17th. Barclays lifted their price objective on ScanSource from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, October 12th. Weiss Ratings downgraded shares of ScanSource from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Zacks Research downgraded shares of ScanSource from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Four investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, ScanSource currently has a consensus rating of “Hold” and an average price target of $51.00.
View Our Latest Research Report on ScanSource
ScanSource Trading Up 3.1%
SCSC stock opened at $45.43 on Monday. ScanSource has a 1-year low of $33.76 and a 1-year high of $66.78. The firm has a market cap of $923.59 million, a P/E ratio of 14.24, a P/E/G ratio of 0.62 and a beta of 1.28. The business’s 50 day moving average is $57.72 and its 200-day moving average is $48.14. The company has a current ratio of 1.75, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in ScanSource in the 2nd quarter valued at about $200,140,000. Pzena Investment Management LLC acquired a new position in shares of ScanSource during the second quarter worth approximately $57,807,000. Public Sector Pension Investment Board lifted its position in shares of ScanSource by 51.9% during the third quarter. Public Sector Pension Investment Board now owns 187,890 shares of the industrial products company’s stock worth $11,685,000 after purchasing an additional 64,195 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of ScanSource during the second quarter valued at approximately $7,036,000. Finally, Empowered Funds LLC bought a new stake in shares of ScanSource during the second quarter valued at approximately $5,517,000. Institutional investors and hedge funds own 97.91% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Michael L. Baur sold 57,359 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $58.04, for a total value of $3,329,116.36. Following the completion of the sale, the chief executive officer directly owned 200,698 shares in the company, valued at approximately $11,648,511.92. This trade represents a 22.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Brandy Ford sold 5,293 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $57.43, for a total value of $303,976.99. Following the completion of the sale, the chief accounting officer owned 9,907 shares of the company’s stock, valued at approximately $568,959.01. This trade represents a 34.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 95,632 shares of company stock valued at $5,484,582. Company insiders own 3.20% of the company’s stock.
About ScanSource
ScanSource, Inc. is a technology distributor that connects manufacturers with resellers and other channel partners. Its products and services support business communications, networking, physical security, and point-of-sale operations. The company distributes equipment such as barcode scanners, mobile computers, payment devices, networking hardware, and communications and security systems. Through its Intelisys business, ScanSource also supports channel partners offering connectivity, cloud, and related technology services.
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