ScanSource, Inc. (NASDAQ:SCSC) – Stock analysts at Northcoast Research issued their Q2 2018 earnings per share estimates for ScanSource in a report released on Thursday. Northcoast Research analyst K. Housum forecasts that the industrial products company will post earnings per share of $0.84 for the quarter.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of ScanSource from a “buy” rating to a “sell” rating in a report on Saturday, May 13th. BidaskClub downgraded shares of ScanSource from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $45.17.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/16/brokers-offer-predictions-for-scansource-inc-s-q2-2018-earnings-scsc.html.

Shares of ScanSource (NASDAQ:SCSC) traded up 1.48% on Monday, hitting $37.75. 19,522 shares of the company’s stock were exchanged. ScanSource has a 12-month low of $29.05 and a 12-month high of $44.95. The company’s 50-day moving average price is $39.63 and its 200 day moving average price is $39.65. The stock has a market cap of $955.60 million, a price-to-earnings ratio of 15.32 and a beta of 1.16.

Several hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in shares of ScanSource by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 2,790 shares of the industrial products company’s stock valued at $109,000 after buying an additional 20 shares during the last quarter. Victory Capital Management Inc. increased its stake in ScanSource by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,974 shares of the industrial products company’s stock worth $120,000 after buying an additional 446 shares in the last quarter. SG Americas Securities LLC increased its stake in ScanSource by 0.3% in the first quarter. SG Americas Securities LLC now owns 4,259 shares of the industrial products company’s stock worth $167,000 after buying an additional 14 shares in the last quarter. CHICAGO TRUST Co NA bought a new stake in ScanSource during the second quarter worth approximately $218,000. Finally, Piedmont Investment Advisors LLC bought a new stake in ScanSource during the second quarter worth approximately $221,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Steven R. Fischer sold 5,000 shares of ScanSource stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $40.13, for a total value of $200,650.00. Following the sale, the director now owns 25,867 shares of the company’s stock, valued at $1,038,042.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael L. Baur sold 67,000 shares of ScanSource stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $39.07, for a total transaction of $2,617,690.00. Following the completion of the sale, the chief executive officer now directly owns 47,890 shares in the company, valued at approximately $1,871,062.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,000 shares of company stock worth $3,019,290. Insiders own 3.03% of the company’s stock.

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.

Earnings History and Estimates for ScanSource (NASDAQ:SCSC)

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.