ScanSource (SCSC) Stock Price, News & Analysis

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ScanSource in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SCSC shares.
View SCSC analyst ratings or view top-rated stocks.

2 brokers have issued 1-year price objectives for ScanSource's shares. Their SCSC share price targets range from $35.00 to $36.00. On average, they expect the company's stock price to reach $35.50 in the next year. This suggests that the stock has a possible downside of 14.2%.
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ScanSource's stock was trading at $39.61 on January 1st, 2024. Since then, SCSC shares have increased by 4.5% and is now trading at $41.38.
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ScanSource saw a increase in short interest in March. As of March 31st, there was short interest totaling 556,800 shares, an increase of 30.4% from the March 15th total of 427,100 shares. Based on an average trading volume of 200,500 shares, the short-interest ratio is presently 2.8 days. Approximately 2.3% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our SCSC earnings forecast.

ScanSource will be holding an earnings conference call on Tuesday, May 7th at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.

ScanSource, Inc. (NASDAQ:SCSC) posted its quarterly earnings results on Tuesday, February, 6th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by $0.14. The industrial products company had revenue of $884.79 million for the quarter, compared to analysts' expectations of $943.10 million. ScanSource had a trailing twelve-month return on equity of 9.18% and a net margin of 2.45%. The business's quarterly revenue was down 12.5% compared to the same quarter last year. During the same period last year, the company posted $1.06 earnings per share.

ETFs with the largest weight of ScanSource (NASDAQ:SCSC) stock in their portfolio include Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Invesco S&P SmallCap 600 Pure Value ETF (RZV).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

ScanSource updated its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.5 billion-, compared to the consensus revenue estimate of $3.7 billion.

131 employees have rated ScanSource Chief Executive Officer Mike Baur on Glassdoor.com. Mike Baur has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other ScanSource investors own include TD SYNNEX (SNX), Las Vegas Sands (LVS), Tesla (TSLA), Carnival Co. & (CCL), FireEye (FEYE), ONEOK (OKE), Pattern Energy Group (PEGI), TELUS (TU), Verizon Communications (VZ) and Walmart (WMT).

ScanSource's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wasatch Advisors LP (4.20%) and Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include Brandy Ford, Charles Alexander Mathis, Charles R Whitchurch, John Charles Eldh, Michael L Baur and Peter C Browning.
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Shares of SCSC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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