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

ScanSource (NASDAQ:SCSC) posted its quarterly earnings data on Thursday. The industrial products company reported $0.85 EPS 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 prior year, the business earned $0.85 earnings per share. ScanSource updated its FY 2025 guidance to EPS.

ScanSource Stock Performance

SCSC stock traded down $5.76 during midday trading on Thursday, hitting $44.23. The stock had a trading volume of 198,445 shares, compared to its average volume of 156,714. ScanSource has a 52 week low of $31.01 and a 52 week high of $53.90. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $50.02 and a 200 day simple moving average of $48.64. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.46 and a beta of 1.45.

Insider Buying and Selling at ScanSource

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 shares were sold at an average price of $49.57, for a total value of $747,565.17. Following the completion of the sale, the chief executive officer now owns 177,760 shares of the company’s stock, valued at approximately $8,811,563.20. This represents a 7.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brandy Ford sold 1,845 shares of the firm’s 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 sale, the chief accounting officer now directly owns 9,506 shares in the company, valued at approximately $469,406.28. This represents a 16.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,855 shares of company stock worth $2,702,949 over the last three months. Company insiders own 4.20% of the company’s stock.

About ScanSource

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.