ScanSource (SCSC) Issues Q1 2019 Earnings Guidance

ScanSource (NASDAQ:SCSC) updated its first quarter 2019 earnings guidance on Tuesday. The company provided EPS guidance of $0.92-0.98 for the period. The company issued revenue guidance of $1.01-1.07 billion, compared to the consensus revenue estimate of $1.07 billion.ScanSource also updated its Q2 guidance to $0.92-0.98 EPS.

Several research firms have weighed in on SCSC. BidaskClub lowered ScanSource from a buy rating to a hold rating in a research report on Tuesday, August 28th. Raymond James boosted their price target on ScanSource from $44.00 to $47.00 and gave the stock a buy rating in a research report on Wednesday, August 29th. Zacks Investment Research raised ScanSource from a sell rating to a hold rating in a research report on Wednesday, October 31st. Finally, ValuEngine lowered ScanSource from a hold rating to a sell rating in a research report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $46.00.

Shares of NASDAQ:SCSC traded down $0.38 during trading on Wednesday, hitting $41.25. 42,527 shares of the company were exchanged, compared to its average volume of 107,941. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.26 and a beta of 0.72. ScanSource has a fifty-two week low of $31.40 and a fifty-two week high of $44.27. The company has a quick ratio of 1.08, a current ratio of 1.92 and a debt-to-equity ratio of 0.29.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.02. The firm had revenue of $972.90 million for the quarter, compared to analyst estimates of $976.97 million. ScanSource had a return on equity of 9.23% and a net margin of 0.86%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. As a group, analysts anticipate that ScanSource will post 3.56 earnings per share for the current year.

In other news, CFO Gerald Lyons sold 600 shares of ScanSource stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $44.00, for a total transaction of $26,400.00. Following the completion of the transaction, the chief financial officer now directly owns 12,937 shares in the company, valued at approximately $569,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael L. Baur sold 13,747 shares of ScanSource stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $44.00, for a total value of $604,868.00. Following the transaction, the chief executive officer now owns 49,446 shares of the company’s stock, valued at $2,175,624. The disclosure for this sale can be found here. Insiders own 2.56% of the company’s stock.

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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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Earnings History and Estimates for ScanSource (NASDAQ:SCSC)

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