ScanSource (NASDAQ:SCSC) issued an update on its first quarter 2020 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.70-0.75 for the period, compared to the Thomson Reuters consensus estimate of $0.82. The company issued revenue guidance of $970M – 1.03 billion, compared to the consensus revenue estimate of $999.63 million.ScanSource also updated its Q1 guidance to $0.70-$0.75 EPS.
SCSC opened at $30.75 on Friday. The stock has a market cap of $803.71 million, a price-to-earnings ratio of 9.15 and a beta of 0.95. The stock’s 50 day moving average price is $32.16 and its 200-day moving average price is $34.57. ScanSource has a one year low of $28.40 and a one year high of $44.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.99 and a current ratio of 2.06.
ScanSource (NASDAQ:SCSC) last released its earnings results on Tuesday, August 20th. The industrial products company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.12). The business had revenue of $960.80 million for the quarter, compared to the consensus estimate of $999.63 million. ScanSource had a net margin of 1.49% and a return on equity of 9.64%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. As a group, analysts predict that ScanSource will post 3.67 earnings per share for the current fiscal year.
ScanSource Company Profile
ScanSource, Inc distributes technology products and solutions in North America, Latin America, and Europe. It operates in two segments, Worldwide Barcode, Networking & Security (WW Barcode, Networking & Security); and Worldwide Communications & Services (WW Communications & Services).
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