Wall Street analysts predict that ScanSource, Inc. (NASDAQ:SCSC) will post $0.79 earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for ScanSource’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.79. ScanSource reported earnings per share of $0.75 during the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The company is scheduled to report its next earnings report on Tuesday, February 6th.

On average, analysts expect that ScanSource will report full year earnings of $2.98 per share for the current year, with EPS estimates ranging from $2.94 to $3.05. For the next fiscal year, analysts expect that the business will report earnings of $3.23 per share, with EPS estimates ranging from $3.20 to $3.26. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover ScanSource.

ScanSource (NASDAQ:SCSC) last issued its earnings results on Monday, November 6th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). ScanSource had a return on equity of 8.78% and a net margin of 1.65%. The firm had revenue of $924.56 million during the quarter, compared to the consensus estimate of $966.20 million. During the same period last year, the firm posted $0.68 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year.

SCSC has been the topic of several research reports. Zacks Investment Research cut ScanSource from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. ValuEngine cut ScanSource from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. BidaskClub cut ScanSource from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 7th. TheStreet cut ScanSource from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. Finally, Northcoast Research cut ScanSource from a “buy” rating to a “neutral” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $45.75.

Shares of ScanSource (SCSC) traded down $0.05 during mid-day trading on Friday, hitting $35.15. The stock had a trading volume of 79,351 shares, compared to its average volume of 103,919. ScanSource has a 1 year low of $33.55 and a 1 year high of $45.35. The company has a quick ratio of 1.08, a current ratio of 1.94 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $897.28, a PE ratio of 15.28, a price-to-earnings-growth ratio of 3.94 and a beta of 1.04.

In other ScanSource news, CEO Michael L. Baur sold 5,435 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $43.80, for a total transaction of $238,053.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.35% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of SCSC. LSV Asset Management increased its stake in ScanSource by 33.1% during the second quarter. LSV Asset Management now owns 849,662 shares of the industrial products company’s stock worth $34,241,000 after acquiring an additional 211,471 shares during the last quarter. Northern Trust Corp grew its stake in shares of ScanSource by 24.1% during the second quarter. Northern Trust Corp now owns 666,664 shares of the industrial products company’s stock valued at $26,867,000 after buying an additional 129,636 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of ScanSource by 432.2% during the second quarter. Nationwide Fund Advisors now owns 105,341 shares of the industrial products company’s stock valued at $4,245,000 after buying an additional 85,549 shares during the last quarter. Shell Asset Management Co. bought a new position in shares of ScanSource during the third quarter valued at approximately $2,026,000. Finally, Pzena Investment Management LLC grew its stake in shares of ScanSource by 3.3% during the third quarter. Pzena Investment Management LLC now owns 1,317,928 shares of the industrial products company’s stock valued at $57,528,000 after buying an additional 42,025 shares during the last quarter. 94.35% of the stock is currently owned by institutional investors.

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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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