Wall Street brokerages forecast that ScanSource, Inc. (NASDAQ:SCSC) will report $0.70 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for ScanSource’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.72. ScanSource reported earnings per share of $0.65 in the same quarter last year, which suggests a positive year over year growth rate of 7.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that ScanSource will report full-year earnings of $3.16 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.24. For the next financial year, analysts expect that the firm will report earnings of $3.50 per share, with EPS estimates ranging from $3.45 to $3.55. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for ScanSource.
ScanSource (NASDAQ:SCSC) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.10. ScanSource had a return on equity of 9.06% and a net margin of 1.18%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $965.15 million. During the same quarter last year, the business posted $0.75 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis.
ScanSource (SCSC) traded down $0.55 during trading hours on Monday, hitting $32.75. The company had a trading volume of 83,600 shares, compared to its average volume of 93,293. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.15 and a quick ratio of 1.26. ScanSource has a 12-month low of $31.40 and a 12-month high of $45.35. The stock has a market capitalization of $851.53, a PE ratio of 11.14, a P/E/G ratio of 3.52 and a beta of 1.06.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCSC. BlackRock Inc. raised its position in ScanSource by 3.4% during the 4th quarter. BlackRock Inc. now owns 3,242,376 shares of the industrial products company’s stock valued at $116,078,000 after purchasing an additional 107,368 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of ScanSource by 1.3% in the 4th quarter. Pzena Investment Management LLC now owns 1,335,617 shares of the industrial products company’s stock worth $47,815,000 after acquiring an additional 17,689 shares in the last quarter. LSV Asset Management raised its position in shares of ScanSource by 1.1% in the 4th quarter. LSV Asset Management now owns 902,910 shares of the industrial products company’s stock worth $32,324,000 after acquiring an additional 10,183 shares in the last quarter. State Street Corp raised its position in shares of ScanSource by 3.6% in the 2nd quarter. State Street Corp now owns 674,361 shares of the industrial products company’s stock worth $27,177,000 after acquiring an additional 23,694 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of ScanSource by 1.9% in the 3rd quarter. Prudential Financial Inc. now owns 321,379 shares of the industrial products company’s stock worth $14,028,000 after acquiring an additional 5,950 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.
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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