News coverage about ScanSource (NASDAQ:SCSC) has trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ScanSource earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 47.6989266750488 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

ScanSource (SCSC) opened at 37.95 on Thursday. The firm has a market cap of $960.67 million, a price-to-earnings ratio of 15.40 and a beta of 1.16. ScanSource has a 52 week low of $29.05 and a 52 week high of $44.95. The stock’s 50 day moving average is $39.08 and its 200 day moving average is $39.50.

ScanSource (NASDAQ:SCSC) last announced its earnings results on Tuesday, August 29th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.68. ScanSource had a return on equity of 8.41% and a net margin of 1.79%. The firm had revenue of $917.30 million during the quarter, compared to analyst estimates of $894.17 million. During the same period last year, the firm posted $0.51 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. Equities research analysts expect that ScanSource will post $3.03 EPS for the current year.

A number of analysts have recently weighed in on SCSC shares. Zacks Investment Research raised shares of ScanSource from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Saturday, May 6th. BidaskClub lowered shares of ScanSource from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

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In other ScanSource news, CEO Michael L. Baur sold 67,000 shares of ScanSource stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $39.07, for a total transaction of $2,617,690.00. Following the completion of the transaction, the chief executive officer now owns 47,890 shares of the company’s stock, valued at approximately $1,871,062.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the director now directly owns 25,867 shares of the company’s stock, valued at approximately $1,038,042.71. The disclosure for this sale can be found here. In the last three months, insiders sold 77,000 shares of company stock valued at $3,019,290. 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.

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

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