ScanSource (SCSC) Earns News Sentiment Rating of -0.06
Media stories about ScanSource (NASDAQ:SCSC) have trended somewhat negative on Friday, AlphaOne Sentiment reports. The research firm, a service of Accern, rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. ScanSource earned a daily sentiment score of -0.06 on AlphaOne’s scale. AlphaOne also assigned press coverage about the industrial products company an impact score of 88 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Alpha One’s scoring:
- ScanSource to Announce Third Quarter Fiscal Year 2017 Results on May 9, 2017 (finance.yahoo.com)
- ScanSource (SCSC) Getting Positive News Coverage, Study Shows (americanbankingnews.com)
- Zacks: ScanSource, Inc. (SCSC) Given $44.00 Consensus Target Price by Brokerages (americanbankingnews.com)
- Brokerages Expect ScanSource, Inc. (SCSC) to Announce $0.66 EPS (americanbankingnews.com)
- Research Analysts Set Expectations for ScanSource, Inc.’s Q1 2018 Earnings (SCSC) (brazilbusiness.einnews.com)
Shares of ScanSource (NASDAQ:SCSC) traded down 0.96% on Friday, hitting $38.50. 79,773 shares of the stock traded hands. The stock has a 50-day moving average price of $39.16 and a 200 day moving average price of $38.88. The firm has a market cap of $972.20 million, a P/E ratio of 15.36 and a beta of 1.18. ScanSource has a 52 week low of $29.05 and a 52 week high of $44.95.
ScanSource (NASDAQ:SCSC) last released its quarterly earnings data on Tuesday, February 7th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. ScanSource had a net margin of 1.85% and a return on equity of 8.56%. The firm had revenue of $904.80 million for the quarter, compared to analysts’ expectations of $962.57 million. During the same quarter in the previous year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. Equities research analysts predict that ScanSource will post $2.84 EPS for the current fiscal year.
Several research analysts have recently issued reports on SCSC shares. Zacks Investment Research downgraded shares of ScanSource from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. FinTrust Advisors downgraded shares of ScanSource from a “buy” rating to a “hold” rating and upped their price target for the stock from $42.20 to $48.50 in a report on Monday, February 20th.
TRADEMARK VIOLATION WARNING: “ScanSource (SCSC) Earns News Sentiment Rating of -0.06” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/04/21/scansource-scsc-earns-news-sentiment-rating-of-0-06.html.
In other news, CEO Michael L. Baur sold 50,000 shares of ScanSource stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $40.21, for a total transaction of $2,010,500.00. Following the sale, the chief executive officer now owns 51,572 shares of the company’s stock, valued at approximately $2,073,710.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Grainger sold 2,900 shares of ScanSource stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $43.15, for a total transaction of $125,135.00. Following the sale, the director now directly owns 10,400 shares in the company, valued at approximately $448,760. The disclosure for this sale can be found here. 3.03% of the stock is currently owned by insiders.
ScanSource Company Profile
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.
Receive News & Stock Ratings for ScanSource Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ScanSource Inc. and related stocks with our FREE daily email newsletter.