Wall Street brokerages expect that ScanSource, Inc. (NASDAQ:SCSC) will post sales of $895.75 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for ScanSource’s earnings. The highest sales estimate is $906.60 million and the lowest is $884.90 million. ScanSource reported sales of $813.54 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.1%. The firm is scheduled to issue its next earnings results on Tuesday, May 8th.

On average, analysts expect that ScanSource will report full year sales of $895.75 million for the current financial year, with estimates ranging from $3.71 billion to $3.82 billion. For the next fiscal year, analysts expect that the business will post sales of $3.89 billion per share, with estimates ranging from $3.81 billion to $3.96 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for ScanSource.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.10. ScanSource had a return on equity of 9.06% and a net margin of 1.18%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $965.15 million. During the same quarter last year, the company posted $0.75 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research lowered ScanSource from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. ValuEngine lowered ScanSource from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub lowered ScanSource from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Finally, TheStreet lowered ScanSource from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. ScanSource presently has an average rating of “Hold” and an average target price of $43.25.

Shares of ScanSource (NASDAQ SCSC) traded up $0.10 during mid-day trading on Friday, reaching $32.65. The company had a trading volume of 117,500 shares, compared to its average volume of 96,976. The company has a market cap of $832.35, a price-to-earnings ratio of 10.89, a P/E/G ratio of 3.51 and a beta of 1.06. ScanSource has a twelve month low of $31.40 and a twelve month high of $45.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.15 and a quick ratio of 1.26.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its holdings in ScanSource by 1.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 42,294 shares of the industrial products company’s stock worth $1,704,000 after buying an additional 438 shares during the period. Voya Investment Management LLC lifted its holdings in ScanSource by 8.0% during the 2nd quarter. Voya Investment Management LLC now owns 13,394 shares of the industrial products company’s stock worth $540,000 after buying an additional 994 shares during the period. SG Americas Securities LLC lifted its holdings in ScanSource by 26.5% during the 3rd quarter. SG Americas Securities LLC now owns 6,030 shares of the industrial products company’s stock worth $263,000 after buying an additional 1,262 shares during the period. First Trust Advisors LP lifted its holdings in ScanSource by 3.7% during the 4th quarter. First Trust Advisors LP now owns 49,678 shares of the industrial products company’s stock worth $1,778,000 after buying an additional 1,784 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in ScanSource by 2.1% during the 2nd quarter. California Public Employees Retirement System now owns 91,500 shares of the industrial products company’s stock worth $3,687,000 after buying an additional 1,900 shares during the period. 93.96% of the stock is currently owned by hedge funds and other institutional investors.

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About ScanSource

ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.

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