ScanSource Inc. (SCSC): Check-out its Performance


ScanSource Inc. (NASDAQ:SCSC) changes shares on Tuesday trading session, with a change of 2.70% or $0.65 shares. The trading starts at $25.12 and closed at $24.11 throughout the day. The trading session low price was $24.14 and day high was $26.525 on Tuesday, June 16. After the session, the Technology sector daily volume shifted to 0.1 million while its average volume is 148.35K. In other hand, the SCSC market cap reached to $617.02M. While, its current target price is $24.76 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -10.22% and up 14.42% for month. Its quarterly performance was 56.51% above, while its half year performance is down -35.06%. SCSC yearly performance stood at negative -20.64% and fall -32.99% for year-to-date. Current recommendation for ScanSource Inc. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SCSC EPS (TTM) for 12-month is 1.39. EPS for this year is 37.40%, while for the next year its value is 2.54. Sales growth for the current quarter is 1.27 while its EPS Q/Q reached -85.10%. It has an EPS of -5.10% down for past five years and for the next five years will be up 14.00%.

Let’s take a look on the analyst recommendations on SCSC for the current month and previous month. For the current month, 1 of 3 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $33.00-$35.00. Average target price for SCSC was reached at $34.00.

Blackrock Inc., Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP are the top three holders in ScanSource Inc. (SCSC) stock. On Mar 30, 2020, Blackrock Inc. has 4.55 million shares which valued 97.3 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 2.78 million shares which valued at 59.46 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 2.09 million shares which valued at 44.81 million. In the end, Dimensional Fund Advisors LP have 8.26% shares outstanding of ScanSource Inc. (SCSC) on Mar 30, 2020. The insider ownership moved to 0.20% and institutional holding shifted to 98.60%.

The company posted an EPS (TTM) of 1.39. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of 0.24, while 0.71 EPS posted a year ago period. Analyst Estimated EPS for SCSC published in the report was 0.11-0.3 during the same period. Comparing with last year, the average estimated EPS was 0.71 which is higher than 0.37 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SCSC fall -15.74% for period of 200 days. SMA for 50 days was 3.65% which is showing green signal, while SMA-20 was -0.88%. The moving average value for ScanSource Inc. (SCSC) is 28.31 and 24.71 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SCSC stock. On Mar 13, Dean Matthew, VP and General Counsel, bought 3,000 trading shares at the cost of $17.00, which valued at 51000.0. On Mar 12, GRAINGER MICHAEL J, Director, bought 2,500 shares at the cost of $17.05, with total shares of 27,500. On Feb 11, GRAINGER MICHAEL J, Director, bought 3,200 shares at the cost of 30.97. After this transaction, GRAINGER MICHAEL J total shares reached to 25,000 which valued at 99104.0.