Media stories about ScanSource (NASDAQ:SCSC) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ScanSource earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 47.0308896010005 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of brokerages have commented on SCSC. BidaskClub cut ScanSource from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research raised ScanSource from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine raised ScanSource from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $45.75.

Shares of ScanSource (SCSC) opened at 37.75 on Tuesday. The firm’s 50-day moving average price is $38.26 and its 200-day moving average price is $39.07. ScanSource has a 12 month low of $29.05 and a 12 month high of $44.95. The firm has a market cap of $960.02 million, a PE ratio of 13.93 and a beta of 1.15.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Tuesday, August 29th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.68. The company had revenue of $917.30 million for the quarter, compared to analyst estimates of $894.17 million. ScanSource had a return on equity of 8.76% and a net margin of 1.94%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share. Analysts expect that ScanSource will post $3.07 earnings per share for the current year.

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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.

Insider Buying and Selling by Quarter for ScanSource (NASDAQ:SCSC)

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