ScanSource (NASDAQ:SCSC) Issues Quarterly Earnings Results

ScanSource (NASDAQ:SCSC) announced its earnings results on Tuesday. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.15), Briefing.com reports. The company had revenue of $752.60 million for the quarter, compared to analyst estimates of $822.10 million. ScanSource had a return on equity of 9.18% and a net margin of 2.45%. ScanSource’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share.

ScanSource Stock Up 1.9 %

NASDAQ:SCSC opened at $44.86 on Wednesday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 1.26 and a beta of 1.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.36 and a current ratio of 2.30. The stock’s fifty day moving average price is $42.48 and its two-hundred day moving average price is $38.70. ScanSource has a 52-week low of $26.18 and a 52-week high of $47.38.

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.