Equities analysts expect that ScanSource, Inc. (NASDAQ:SCSC) will post sales of $969.23 million for the current quarter, according to Zacks. Three analysts have issued estimates for ScanSource’s earnings, with the highest sales estimate coming in at $974.10 million and the lowest estimate coming in at $963.20 million. ScanSource posted sales of $904.79 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that ScanSource will report full year sales of $969.23 million for the current year, with estimates ranging from $3.69 billion to $3.76 billion. For the next year, analysts anticipate that the business will post sales of $3.85 billion per share, with estimates ranging from $3.81 billion to $3.89 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover ScanSource.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The firm had revenue of $924.56 million for the quarter, compared to the consensus estimate of $966.20 million. ScanSource had a net margin of 0.45% and a return on equity of 1.97%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share.

A number of analysts have recently issued reports on SCSC shares. BidaskClub cut ScanSource from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. ValuEngine upgraded ScanSource from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded ScanSource from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Friday, September 1st. Northcoast Research cut ScanSource from a “buy” rating to a “neutral” rating in a research report on Monday, October 2nd. Finally, TheStreet cut ScanSource from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. ScanSource currently has a consensus rating of “Hold” and a consensus target price of $45.75.

In other news, CEO Michael L. Baur sold 44,565 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $44.16, for a total transaction of $1,967,990.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Patrick Reilly sold 5,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $40.70, for a total value of $203,500.00. Following the transaction, the director now directly owns 16,900 shares in the company, valued at approximately $687,830. The disclosure for this sale can be found here. Insiders have sold 90,397 shares of company stock worth $3,959,574 in the last 90 days. Company insiders own 2.35% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of ScanSource during the second quarter valued at $221,000. BNP Paribas Arbitrage SA lifted its stake in shares of ScanSource by 47.1% during the second quarter. BNP Paribas Arbitrage SA now owns 10,357 shares of the industrial products company’s stock valued at $417,000 after acquiring an additional 3,317 shares during the period. Vanguard Group Inc. lifted its stake in shares of ScanSource by 1.2% during the second quarter. Vanguard Group Inc. now owns 2,326,600 shares of the industrial products company’s stock valued at $93,763,000 after acquiring an additional 26,629 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of ScanSource by 4.0% during the second quarter. Great West Life Assurance Co. Can now owns 37,565 shares of the industrial products company’s stock valued at $1,510,000 after acquiring an additional 1,430 shares during the period. Finally, Summit Global Investments acquired a new position in shares of ScanSource during the second quarter valued at $512,000. 94.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of ScanSource (NASDAQ SCSC) opened at $35.75 on Tuesday. The stock has a market capitalization of $915.12, a P/E ratio of 12.64, a PEG ratio of 4.02 and a beta of 1.03. The company has a current ratio of 1.94, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. ScanSource has a 1 year low of $34.45 and a 1 year high of $45.35.

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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.

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Earnings History and Estimates for ScanSource (NASDAQ:SCSC)

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