ScanSource (SCSC) Earns News Sentiment Rating of -0.06

Headlines about ScanSource (NASDAQ:SCSC) have trended somewhat negative on Friday, according to Alpha One. The research firm, a service of Accern, identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ScanSource earned a daily sentiment score of -0.06 on Alpha One’s scale. Alpha One also assigned headlines about the industrial products company an impact score of 88 out of 100, meaning that recent media coverage is very likely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have effected AlphaOne’s scoring:

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of ScanSource from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. FinTrust Advisors lowered shares of ScanSource from a “buy” rating to a “hold” rating and lifted their target price for the company from $42.20 to $48.50 in a research note on Monday, February 20th.

Shares of ScanSource (NASDAQ:SCSC) traded down 0.96% during midday trading on Friday, hitting $38.50. 79,773 shares of the stock were exchanged. The stock has a market cap of $972.20 million, a P/E ratio of 15.36 and a beta of 1.18. The firm has a 50 day moving average of $39.16 and a 200-day moving average of $38.88. ScanSource has a 12 month low of $29.05 and a 12 month high of $44.95.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings results on Tuesday, February 7th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. ScanSource had a net margin of 1.85% and a return on equity of 8.56%. The business had revenue of $904.80 million for the quarter, compared to analysts’ expectations of $962.57 million. During the same period last year, the business earned $0.88 EPS. The company’s revenue was down 8.9% compared to the same quarter last year. Equities research analysts anticipate that ScanSource will post $2.84 EPS for the current year.

In other news, Director Michael J. Grainger sold 2,900 shares of the firm’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $43.15, for a total value of $125,135.00. Following the sale, the director now directly owns 10,400 shares in the company, valued at approximately $448,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael L. Baur sold 50,000 shares of the firm’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $40.21, for a total transaction of $2,010,500.00. Following the completion of the sale, the chief executive officer now owns 51,572 shares in the company, valued at $2,073,710.12. The disclosure for this sale can be found here. 3.03% of the stock is currently owned by company insiders.

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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.

5 Day Chart for NASDAQ:SCSC

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