ScanSource (NASDAQ:SCSC) Issues Earnings Results

ScanSource (NASDAQ:SCSC - Get Free Report) posted its quarterly earnings results on Thursday. The industrial products company reported $0.85 earnings per share 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 previous year, the company earned $0.85 EPS. ScanSource updated its FY 2025 guidance to EPS.

ScanSource Price Performance

NASDAQ:SCSC traded down $0.74 during trading hours on Friday, reaching $41.85. The company had a trading volume of 401,442 shares, compared to its average volume of 140,312. The stock has a 50-day moving average of $49.69 and a two-hundred day moving average of $48.58. The company has a quick ratio of 1.27, a current ratio of 2.03 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $996.87 million, a PE 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 Transactions at ScanSource

In other ScanSource news, CEO Michael L. Baur sold 29,617 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $49.20, for a total value of $1,457,156.40. Following the transaction, the chief executive officer now owns 177,760 shares of the company's stock, valued at approximately $8,745,792. This represents a 14.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Brandy Ford sold 1,845 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $49.38, for a total value of $91,106.10. Following the completion of the sale, the chief accounting officer now owns 9,506 shares of the company's stock, valued at $469,406.28. This trade represents a 16.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,855 shares of company stock worth $2,702,949. Insiders own 4.20% of the company's stock.

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.