ScanSource (NASDAQ:SCSC) Announces Earnings Results

ScanSource (NASDAQ:SCSC) posted its earnings results on Thursday. The industrial products company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07, Briefing.com reports. ScanSource had a net margin of 2.36% and a return on equity of 8.32%. The business had revenue of $775.58 million for the quarter, compared to analysts’ expectations of $774.90 million. During the same period in the previous year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was down 11.5% compared to the same quarter last year. ScanSource updated its FY 2025 guidance to EPS.

ScanSource Stock Up 2.5 %

Shares of SCSC stock traded up $1.27 during trading on Friday, hitting $52.04. 240,892 shares of the company were exchanged, compared to its average volume of 210,928. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 1.56 and a beta of 1.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.33 and a current ratio of 2.10. The business’s 50-day simple moving average is $47.15 and its 200 day simple moving average is $46.71. ScanSource has a twelve month low of $27.86 and a twelve month high of $53.48.

Wall Street Analyst Weigh In

Separately, Raymond James lowered shares of ScanSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 15th.

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.