ScanSource (NASDAQ:SCSC) Posts 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 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 quarter last year, the firm earned $0.85 EPS. ScanSource updated its FY 2025 guidance to EPS.

ScanSource Price Performance

SCSC traded down $5.62 on Thursday, reaching $44.38. 179,924 shares of the company’s stock were exchanged, compared to its average volume of 155,960. The stock’s fifty day moving average price is $50.02 and its 200-day moving average price is $48.64. The stock has a market cap of $1.06 billion, a PE ratio of 14.14, a P/E/G ratio of 1.46 and a beta of 1.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.03 and a quick ratio of 1.27. ScanSource has a twelve month low of $31.01 and a twelve month high of $53.90.

Insider Activity at ScanSource

In other news, CAO Brandy Ford sold 1,845 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $49.38, for a total transaction of $91,106.10. Following the sale, the chief accounting officer now owns 9,506 shares of the company’s stock, valued at approximately $469,406.28. This represents a 16.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael L. Baur sold 15,081 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $49.57, for a total value of $747,565.17. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 54,855 shares of company stock valued at $2,702,949. 4.20% of the stock is owned by company insiders.

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.