ScanSource (NASDAQ:SCSC) Releases Earnings Results, Misses Expectations By $0.04 EPS

ScanSource (NASDAQ:SCSC) issued its quarterly earnings results on Thursday. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.04), Zacks reports. ScanSource had a return on equity of 8.53% and a net margin of 2.49%. During the same period in the prior year, the business earned $0.85 EPS. ScanSource updated its FY 2025 guidance to EPS.

ScanSource Trading Down 1.7 %

NASDAQ SCSC opened at $41.85 on Friday. The business’s fifty day moving average is $49.69 and its 200-day moving average is $48.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.03 and a quick ratio of 1.27. The stock has a market capitalization of $996.87 million, a price-to-earnings ratio of 13.41, a PEG ratio of 1.42 and a beta of 1.45. ScanSource has a one year low of $31.01 and a one year high of $53.90.

Insider Activity at ScanSource

In related news, CAO Brandy Ford sold 1,845 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $49.38, for a total value of $91,106.10. Following the transaction, the chief accounting officer now owns 9,506 shares in the company, valued at approximately $469,406.28. This represents a 16.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael L. Baur sold 15,081 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $49.57, for a total value of $747,565.17. Following the completion of the sale, the chief executive officer now directly owns 177,760 shares of the company’s stock, valued at $8,811,563.20. This represents a 7.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,855 shares of company stock worth $2,702,949. 4.20% of the stock is owned by company insiders.

ScanSource Company Profile

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.