Somewhat Favorable News Coverage Somewhat Unlikely to Affect ScanSource (SCSC) Share Price
Headlines about ScanSource (NASDAQ:SCSC) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. ScanSource earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.8567461749049 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s rankings:
- $969.23 Million in Sales Expected for ScanSource, Inc. (SCSC) This Quarter (americanbankingnews.com)
- ETFs with exposure to ScanSource, Inc. : November 14, 2017 (finance.yahoo.com)
- Zacks: Brokerages Expect ScanSource, Inc. (SCSC) Will Post Earnings of $0.79 Per Share (americanbankingnews.com)
- ScanSource, Inc. :SCSC-US: Earnings Analysis: Q1, 2018 By the Numbers : November 13, 2017 (finance.yahoo.com)
- TheStreet Downgrades ScanSource, Inc. (SCSC) to C+ (americanbankingnews.com)
ScanSource (NASDAQ SCSC) traded up $0.20 on Friday, hitting $35.40. 135,681 shares of the stock traded hands, compared to its average volume of 94,390. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.94 and a quick ratio of 1.08. ScanSource has a 1 year low of $34.45 and a 1 year high of $45.35. The stock has a market capitalization of $907.48, a PE ratio of 12.53, a price-to-earnings-growth ratio of 3.98 and a beta of 1.11.
ScanSource (NASDAQ:SCSC) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.02). ScanSource had a net margin of 1.65% and a return on equity of 8.78%. The business had revenue of $924.56 million for the quarter, compared to analysts’ expectations of $966.20 million. During the same period in the prior year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. equities analysts predict that ScanSource will post 2.98 earnings per share for the current year.
Several research analysts have recently weighed in on the stock. ValuEngine raised shares of ScanSource from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of ScanSource from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. BidaskClub cut shares of ScanSource from a “hold” rating to a “sell” rating in a report on Friday, July 28th. TheStreet cut shares of ScanSource from a “b” rating to a “c+” rating in a report on Wednesday, November 8th. Finally, Northcoast Research cut shares of ScanSource from a “buy” rating to a “neutral” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. ScanSource has an average rating of “Hold” and a consensus price target of $45.75.
In other ScanSource news, CEO Michael L. Baur sold 17,621 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $44.32, for a total value of $780,962.72. Following the completion of the transaction, the chief executive officer now directly owns 35,209 shares in the company, valued at $1,560,462.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Patrick Reilly sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $40.70, for a total transaction of $203,500.00. Following the completion of the transaction, the director now owns 16,900 shares of the company’s stock, valued at $687,830. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,397 shares of company stock valued at $3,959,574. 2.35% of the stock is owned by corporate 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.