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 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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