Sidoti Csr Equities Analysts Reduce Earnings Estimates for ScanSource, Inc. (NASDAQ:SCSC)

ScanSource, Inc. (NASDAQ:SCSC) – Analysts at Sidoti Csr dropped their Q4 2024 earnings per share (EPS) estimates for ScanSource in a research note issued to investors on Tuesday, May 7th. Sidoti Csr analyst G. Burns now expects that the industrial products company will post earnings of $0.73 per share for the quarter, down from their previous forecast of $1.04. The consensus estimate for ScanSource’s current full-year earnings is $3.39 per share. Sidoti Csr also issued estimates for ScanSource’s Q2 2025 earnings at $0.78 EPS, Q4 2025 earnings at $0.91 EPS and FY2025 earnings at $3.13 EPS.

ScanSource (NASDAQ:SCSC) last posted its earnings results on Tuesday, May 7th. The industrial products company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.15). ScanSource had a return on equity of 9.18% and a net margin of 2.45%. The business had revenue of $752.60 million for the quarter, compared to the consensus estimate of $822.10 million. During the same period in the previous year, the firm earned $0.96 earnings per share. The company’s revenue was down 15.0% on a year-over-year basis.

ScanSource Stock Performance

Shares of SCSC opened at $47.38 on Friday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 13.61, a P/E/G ratio of 1.26 and a beta of 1.51. ScanSource has a 52 week low of $26.99 and a 52 week high of $48.22. The stock has a 50 day moving average price of $42.64 and a two-hundred day moving average price of $38.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.36 and a current ratio of 2.30.

Hedge Funds Weigh In On ScanSource

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of ScanSource in the 4th quarter worth approximately $46,000. Gladius Capital Management LP purchased a new position in ScanSource during the third quarter valued at approximately $36,000. SG Americas Securities LLC bought a new position in ScanSource in the 1st quarter valued at $128,000. ProShare Advisors LLC purchased a new position in shares of ScanSource during the 1st quarter valued at $220,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of ScanSource by 23.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the industrial products company’s stock worth $166,000 after purchasing an additional 1,034 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.

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.