ScanSource Stock Sees Q2 Earnings Forecast Lifted at Sidoti

ScanSource, Inc. (NASDAQ:SCSC) – Equities researchers at Sidoti increased their Q2 2027 earnings estimates for ScanSource in a research report issued to clients and investors on Friday, November 6th. Sidoti analyst G. Burns now forecasts that the industrial products company will post earnings of $1.31 per share for the quarter, up from their prior forecast of $1.29. The consensus estimate for ScanSource’s current full-year earnings is $4.71 per share. Sidoti also issued estimates for ScanSource’s Q3 2027 earnings at $1.01 EPS, Q4 2027 earnings at $1.52 EPS, FY2027 earnings at $4.71 EPS, Q1 2028 earnings at $1.29 EPS, Q2 2028 earnings at $1.49 EPS, Q3 2028 earnings at $1.14 EPS, Q4 2028 earnings at $1.61 EPS and FY2028 earnings at $5.53 EPS.

SCSC has been the subject of a number of other research reports. Barclays upped their price objective on ScanSource from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Monday, October 12th. Zacks Research cut shares of ScanSource from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Northcoast Research lowered shares of ScanSource from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. Wall Street Zen cut shares of ScanSource from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings upgraded shares of ScanSource from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, ScanSource has an average rating of “Hold” and an average target price of $51.00.

ScanSource Price Performance

NASDAQ SCSC opened at $44.06 on Monday. The stock has a market capitalization of $897.50 million, a price-to-earnings ratio of 13.81, a PEG ratio of 0.78 and a beta of 1.28. ScanSource has a 1-year low of $33.76 and a 1-year high of $66.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.76 and a quick ratio of 1.15. The business’s fifty day moving average price is $57.96 and its 200-day moving average price is $48.12.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Thursday, November 5th. The industrial products company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.26). ScanSource had a net margin of 2.44% and a return on equity of 10.10%. The company had revenue of $962.29 million for the quarter, compared to the consensus estimate of $860.35 million. During the same quarter last year, the company earned $1.06 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis.

Insider Buying and Selling

In related news, CFO Stephen Jones sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $56.76, for a total value of $567,600.00. Following the completion of the sale, the chief financial officer directly owned 87,421 shares of the company’s stock, valued at approximately $4,962,015.96. This represents a 10.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael L. Baur sold 57,359 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $58.04, for a total transaction of $3,329,116.36. Following the sale, the chief executive officer owned 200,698 shares in the company, valued at approximately $11,648,511.92. The trade was a 22.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 95,632 shares of company stock valued at $5,484,582 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On ScanSource

A number of hedge funds have recently modified their holdings of SCSC. Oregon Public Employees Retirement Fund raised its holdings in shares of ScanSource by 4.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 4,516 shares of the industrial products company’s stock valued at $265,000 after purchasing an additional 200 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of ScanSource by 5.5% in the 3rd quarter. Yousif Capital Management LLC now owns 5,121 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 265 shares during the period. Royce & Associates LP lifted its position in shares of ScanSource by 1.8% in the 3rd quarter. Royce & Associates LP now owns 44,292 shares of the industrial products company’s stock worth $2,601,000 after purchasing an additional 768 shares during the period. SummerHaven Investment Management LLC boosted its stake in shares of ScanSource by 4.9% during the third quarter. SummerHaven Investment Management LLC now owns 18,065 shares of the industrial products company’s stock valued at $1,061,000 after purchasing an additional 837 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of ScanSource by 128.1% during the third quarter. Signaturefd LLC now owns 2,108 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 1,184 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors.

ScanSource Company Profile

ScanSource, Inc (NASDAQ: SCSC) is a technology distributor that connects manufacturers of business technology products with value-added resellers, systems integrators and other channel partners. The company provides products, services and expertise intended to help partners design, deploy and support technology solutions for business customers.

ScanSource’s offerings include point-of-sale and payment technology, barcode scanners, mobile computing devices, networking equipment, cybersecurity products, communications systems and cloud-based services.