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NASDAQ:SCSC

ScanSource (SCSC) Stock Price, News & Analysis

ScanSource logo
$51.02 -1.94 (-3.66%)
(As of 12/17/2024 ET)

About ScanSource Stock (NASDAQ:SCSC)

Key Stats

Today's Range
$50.74
$53.16
50-Day Range
$42.41
$53.11
52-Week Range
$31.01
$53.90
Volume
223,992 shs
Average Volume
208,261 shs
Market Capitalization
$1.22 billion
P/E Ratio
16.35
Dividend Yield
N/A
Price Target
$36.00
Consensus Rating
Hold

Company Overview

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. This segment offers data capture and POS solutions to automate the collection, processing, and communication of information for commercial and industrial applications, including retail sales, distribution, shipping, inventory control, materials handling, warehouse management, and health care applications. It also provides electronic physical security products, such as identification, access control, video surveillance, and intrusion-related devices; networking products comprising wireless and networking infrastructure products; other software-as-a-service (SaaS) products; and engages in hardware rental activities. The Modern Communications & Cloud segment offers a portfolio of solutions primarily for communications technologies and services comprising voice, video conferencing, wireless, data networking, cybersecurity, cable, unified communications and collaboration, cloud, and technology services, as well as IP networks and other solutions for various vertical markets, such as education, healthcare, and government. The company serves manufacturing, warehouse and distribution, retail and e-commerce, hospitality, transportation and logistics, government, education and healthcare, and other industries. ScanSource, Inc. was incorporated in 1992 and is headquartered in Greenville, South Carolina.

ScanSource Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
61st Percentile Overall Score

SCSC MarketRank™: 

ScanSource scored higher than 61% of companies evaluated by MarketBeat, and ranked 103rd out of 180 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ScanSource has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    ScanSource has received no research coverage in the past 90 days.

  • Read more about ScanSource's stock forecast and price target.
  • Earnings Growth

    Earnings for ScanSource are expected to grow by 8.83% in the coming year, from $3.51 to $3.82 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ScanSource is 16.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.84.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ScanSource is 16.35, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.19.

  • Price to Earnings Growth Ratio

    ScanSource has a PEG Ratio of 1.50. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    ScanSource has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    8.38% of the float of ScanSource has been sold short.
  • Short Interest Ratio / Days to Cover

    ScanSource has a short interest ratio ("days to cover") of 9.3.
  • Change versus previous month

    Short interest in ScanSource has recently increased by 0.55%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    ScanSource does not currently pay a dividend.

  • Dividend Growth

    ScanSource does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    8.38% of the float of ScanSource has been sold short.
  • Short Interest Ratio / Days to Cover

    ScanSource has a short interest ratio ("days to cover") of 9.3.
  • Change versus previous month

    Short interest in ScanSource has recently increased by 0.55%, indicating that investor sentiment is decreasing.
  • News Sentiment

    ScanSource has a news sentiment score of 1.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for ScanSource this week, compared to 3 articles on an average week.
  • Search Interest

    2 people have searched for SCSC on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    1 people have added ScanSource to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, ScanSource insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,611,843.00 in company stock.

  • Percentage Held by Insiders

    Only 4.20% of the stock of ScanSource is held by insiders.

  • Percentage Held by Institutions

    97.91% of the stock of ScanSource is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about ScanSource's insider trading history.
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SCSC Stock News Headlines

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See More Headlines

SCSC Stock Analysis - Frequently Asked Questions

ScanSource's stock was trading at $39.61 on January 1st, 2024. Since then, SCSC shares have increased by 28.8% and is now trading at $51.02.
View the best growth stocks for 2024 here
.

ScanSource, Inc. (NASDAQ:SCSC) posted its quarterly earnings data on Thursday, November, 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. The firm's quarterly revenue was down 11.5% compared to the same quarter last year.

ScanSource subsidiaries include IntY, Canpango LLC, POS Portal, InteliSys, KBZ Communications, ScanSource Video Communications, Network1, and others.

ScanSource's top institutional shareholders include Pacer Advisors Inc. (11.43%), Wasatch Advisors LP (4.61%), State Street Corp (3.88%) and Geode Capital Management LLC (2.46%). Insiders that own company stock include Michael L Baur, John Charles Eldh, Stephen Jones, Rachel Hayden, Charles R Whitchurch, Shana C Smith, Charles Alexander Mathis and Brandy Ford.
View institutional ownership trends
.

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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that ScanSource investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Last Earnings
11/07/2024
Today
12/18/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Computers, peripherals, & software
Sub-Industry
Technology Distributors
Current Symbol
NASDAQ:SCSC
CUSIP
80603710
Employees
2,300
Year Founded
1992

Price Target and Rating

Average Stock Price Target
$36.00
High Stock Price Target
$36.00
Low Stock Price Target
$36.00
Potential Upside/Downside
-29.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$77.06 million
Pretax Margin
3.28%

Debt

Sales & Book Value

Annual Sales
$3.26 billion
Cash Flow
$4.17 per share
Book Value
$37.40 per share

Miscellaneous

Free Float
22,818,000
Market Cap
$1.22 billion
Optionable
Optionable
Beta
1.44

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This page (NASDAQ:SCSC) was last updated on 12/18/2024 by MarketBeat.com Staff
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