ScanSource, Inc. (NASDAQ:SCSC) has been given a consensus rating of “Hold” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $48.50.

A number of equities research analysts have recently issued reports on SCSC shares. Zacks Investment Research lowered ScanSource from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. ValuEngine lowered ScanSource from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. BidaskClub upgraded ScanSource from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 20th. TheStreet lowered ScanSource from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. Finally, Northcoast Research lowered ScanSource from a “buy” rating to a “neutral” rating in a research note on Monday, October 2nd.

Shares of ScanSource (SCSC) opened at $35.25 on Wednesday. The company has a market capitalization of $903.96, a PE ratio of 15.33, a price-to-earnings-growth ratio of 3.93 and a beta of 1.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.94. ScanSource has a 12 month low of $33.55 and a 12 month high of $45.35.

ScanSource (NASDAQ:SCSC) last posted its earnings results 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). ScanSource had a net margin of 1.65% and a return on equity of 8.78%. The company had revenue of $924.56 million during the quarter, compared to analyst estimates of $966.20 million. During the same quarter last year, the business posted $0.68 EPS. ScanSource’s quarterly revenue was down .9% compared to the same quarter last year. sell-side analysts anticipate that ScanSource will post 2.98 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in shares of ScanSource by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,974 shares of the industrial products company’s stock valued at $120,000 after buying an additional 446 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in ScanSource in the third quarter valued at about $202,000. SG Americas Securities LLC boosted its holdings in ScanSource by 12.0% in the second quarter. SG Americas Securities LLC now owns 4,768 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 509 shares during the last quarter. Palouse Capital Management Inc. purchased a new position in ScanSource in the third quarter valued at about $226,000. Finally, Piedmont Investment Advisors LLC purchased a new position in ScanSource in the second quarter valued at about $221,000. Institutional investors and hedge funds own 94.35% of the company’s stock.

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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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