Somewhat Positive Press Coverage Somewhat Unlikely to Affect ScanSource (SCSC) Stock Price
News articles about ScanSource (NASDAQ:SCSC) have trended somewhat positive on Monday, Accern reports. The research group identifies positive and negative 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 stories about the industrial products company an impact score of 46.8895322418212 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of ScanSource (NASDAQ SCSC) opened at 40.35 on Monday. ScanSource has a one year low of $29.05 and a one year high of $44.95. The firm has a market cap of $1.03 billion, a PE ratio of 14.89 and a beta of 1.15. The firm’s 50-day moving average price is $38.15 and its 200-day moving average price is $39.03.
ScanSource (NASDAQ:SCSC) last posted its quarterly earnings results on Tuesday, August 29th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. The company had revenue of $917.30 million for the quarter, compared to analysts’ expectations of $894.17 million. ScanSource had a return on equity of 8.76% and a net margin of 1.94%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. Equities research analysts expect that ScanSource will post $3.07 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut ScanSource from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub cut ScanSource from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Finally, ValuEngine upgraded ScanSource from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research 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 a consensus target price of $45.75.
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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.
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