ScanSource (NASDAQ:SCSC - Get Free Report) issued its earnings results on Thursday. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.07, Briefing.com reports. The business had revenue of $775.58 million during the quarter, compared to analysts' expectations of $774.90 million. ScanSource had a net margin of 2.36% and a return on equity of 8.32%. The business's revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. ScanSource updated its FY 2025 guidance to EPS.
ScanSource Stock Performance
NASDAQ SCSC traded up $1.15 during trading hours on Friday, hitting $51.92. 240,901 shares of the company's stock traded hands, compared to its average volume of 210,928. The company has a current ratio of 2.10, a quick ratio of 1.33 and a debt-to-equity ratio of 0.15. The business's fifty day moving average price is $47.16 and its two-hundred day moving average price is $46.80. ScanSource has a 52 week low of $27.86 and a 52 week high of $53.48. The firm has a market capitalization of $1.25 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.56 and a beta of 1.42.
Analyst Ratings Changes
Separately, Raymond James cut shares of ScanSource from an "outperform" rating to a "market perform" rating in a report on Thursday, August 15th.
Read Our Latest Analysis on ScanSource
ScanSource Company Profile
(
Get Free Report)
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.
Further Reading
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