Equities analysts expect ScanSource, Inc. (NASDAQ:SCSC) to report earnings of $0.68 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ScanSource’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.67. ScanSource reported earnings of $0.51 per share during the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The firm is scheduled to report its next quarterly earnings results on Monday, September 4th.

According to Zacks, analysts expect that ScanSource will report full-year earnings of $2.76 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $2.78. For the next year, analysts expect that the firm will post earnings of $3.02 per share, with EPS estimates ranging from $2.90 to $3.20. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for ScanSource.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings data on Tuesday, May 9th. The industrial products company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $813.50 million during the quarter, compared to the consensus estimate of $833.10 million. ScanSource had a return on equity of 8.41% and a net margin of 1.79%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.64 earnings per share.

Separately, Zacks Investment Research raised ScanSource from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Saturday, May 6th.

In related news, Director Steven R. Fischer sold 5,000 shares of ScanSource stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $40.13, for a total transaction of $200,650.00. Following the sale, the director now owns 25,867 shares of the company’s stock, valued at approximately $1,038,042.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael L. Baur sold 67,000 shares of ScanSource stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $39.07, for a total value of $2,617,690.00. Following the sale, the chief executive officer now directly owns 47,890 shares in the company, valued at approximately $1,871,062.30. The disclosure for this sale can be found here. Insiders have sold a total of 77,000 shares of company stock worth $3,019,290 in the last three months. 3.03% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of SCSC. State of Alaska Department of Revenue increased its stake in shares of ScanSource by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 2,790 shares of the industrial products company’s stock valued at $109,000 after buying an additional 20 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of ScanSource by 33.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,856 shares of the industrial products company’s stock valued at $156,000 after buying an additional 973 shares during the period. SG Americas Securities LLC increased its stake in shares of ScanSource by 0.3% in the first quarter. SG Americas Securities LLC now owns 4,259 shares of the industrial products company’s stock valued at $167,000 after buying an additional 14 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of ScanSource during the fourth quarter valued at about $174,000. Finally, Mason Street Advisors LLC increased its stake in ScanSource by 7.4% in the first quarter. Mason Street Advisors LLC now owns 5,905 shares of the industrial products company’s stock worth $232,000 after buying an additional 409 shares during the last quarter. 94.74% of the stock is currently owned by institutional investors.

ScanSource (NASDAQ SCSC) traded up 2.69% on Wednesday, hitting $40.10. 50,583 shares of the company traded hands. The firm’s 50 day moving average price is $38.91 and its 200 day moving average price is $39.87. ScanSource has a 1-year low of $29.05 and a 1-year high of $44.95. The firm has a market capitalization of $1.02 billion, a PE ratio of 16.27 and a beta of 1.16.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/06/28/0-68-earnings-per-share-expected-for-scansource-inc-scsc-this-quarter.html.

ScanSource Company Profile

ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.

Get a free copy of the Zacks research report on ScanSource (SCSC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for ScanSource (NASDAQ:SCSC)

Receive News & Ratings for ScanSource Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ScanSource Inc. and related companies with MarketBeat.com's FREE daily email newsletter.