ScanSource (NASDAQ:SCSC) Releases Q1 2020 Earnings Guidance

ScanSource (NASDAQ:SCSC) updated its first quarter 2020 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.70-0.75 for the period, compared to the Thomson Reuters consensus estimate of $0.82. The company issued revenue guidance of $970M – 1.03 billion, compared to the consensus revenue estimate of $999.63 million.ScanSource also updated its Q1 guidance to $0.70-$0.75 EPS.

SCSC has been the subject of several recent research reports. Zacks Investment Research raised ScanSource from a sell rating to a hold rating in a report on Tuesday. ValuEngine lowered ScanSource from a hold rating to a sell rating in a report on Friday, May 10th. TheStreet lowered ScanSource from a b- rating to a c+ rating in a report on Friday, May 17th. Northcoast Research lowered ScanSource from a buy rating to a neutral rating in a report on Monday, May 6th. Finally, Raymond James cut their price target on ScanSource from $44.00 to $36.00 and set an outperform rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $39.00.

NASDAQ:SCSC opened at $30.75 on Friday. The stock has a 50-day simple moving average of $32.16 and a two-hundred day simple moving average of $34.57. ScanSource has a 52-week low of $28.40 and a 52-week high of $44.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.99 and a current ratio of 2.06. The firm has a market capitalization of $803.71 million, a PE ratio of 9.15 and a beta of 0.95.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings results on Tuesday, August 20th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.12). ScanSource had a net margin of 1.49% and a return on equity of 9.64%. The company had revenue of $960.80 million for the quarter, compared to the consensus estimate of $999.63 million. During the same period in the prior year, the firm posted $0.77 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. Equities analysts forecast that ScanSource will post 3.67 earnings per share for the current fiscal year.

ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in North America, Latin America, and Europe. It operates in two segments, Worldwide Barcode, Networking & Security (WW Barcode, Networking & Security); and Worldwide Communications & Services (WW Communications & Services).

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Earnings History and Estimates for ScanSource (NASDAQ:SCSC)

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