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

ScanSource (NASDAQ:SCSC) posted its quarterly earnings results on Thursday. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 0.4 %

Shares of NASDAQ SCSC traded down $0.18 during trading hours on Friday, hitting $42.42. The company’s stock had a trading volume of 85,197 shares, compared to its average volume of 175,385. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.42 and a beta of 1.45. ScanSource has a 12 month low of $31.01 and a 12 month high of $53.90. The business has a 50-day simple moving average of $49.88 and a 200-day simple moving average of $48.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.03.

Insider Activity

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