ScanSource, Inc. (NASDAQ:SCSC – Get Free Report) CEO Michael L. Baur sold 6,160 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $43.67, for a total transaction of $269,007.20. Following the completion of the transaction, the chief executive officer now owns 118,080 shares in the company, valued at $5,156,553.60. The transaction was disclosed in a filing with the SEC, which is available at this link.
ScanSource Trading Down 4.2 %
NASDAQ SCSC opened at $41.93 on Friday. ScanSource, Inc. has a 12 month low of $26.99 and a 12 month high of $50.95. The company has a 50-day moving average of $45.87 and a 200-day moving average of $42.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.20 and a quick ratio of 1.38. The company has a market cap of $1.04 billion, a P/E ratio of 13.31, a P/E/G ratio of 1.29 and a beta of 1.44.
ScanSource (NASDAQ:SCSC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.15). ScanSource had a net margin of 2.31% and a return on equity of 8.28%. The company had revenue of $752.60 million for the quarter, compared to analyst estimates of $822.10 million. During the same period in the prior year, the company earned $0.96 EPS. The company’s revenue was down 15.0% compared to the same quarter last year. As a group, equities analysts predict that ScanSource, Inc. will post 3.31 earnings per share for the current year.
Institutional Inflows and Outflows
About ScanSource
ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. 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.
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