ePlus Inc. (PLUS) Expected to Announce Earnings of $1.14 Per Share

Wall Street brokerages forecast that ePlus Inc. (NASDAQ:PLUS) will announce $1.14 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ePlus’ earnings, with the highest EPS estimate coming in at $1.21 and the lowest estimate coming in at $1.07. ePlus reported earnings of $0.97 per share during the same quarter last year, which suggests a positive year over year growth rate of 17.5%. The firm is expected to report its next quarterly earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that ePlus will report full-year earnings of $5.15 per share for the current fiscal year, with EPS estimates ranging from $5.10 to $5.20. For the next financial year, analysts forecast that the business will post earnings of $5.59 per share, with EPS estimates ranging from $5.55 to $5.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow ePlus.

ePlus (NASDAQ:PLUS) last issued its earnings results on Wednesday, November 7th. The software maker reported $1.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.07). ePlus had a return on equity of 16.58% and a net margin of 4.20%. The company had revenue of $345.04 million during the quarter, compared to analysts’ expectations of $378.95 million.

Several research analysts have weighed in on the stock. BidaskClub upgraded shares of ePlus from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 12th. Zacks Investment Research downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Stifel Nicolaus reiterated a “neutral” rating and issued a $100.00 price target on shares of ePlus in a research report on Friday, August 10th. Sidoti assumed coverage on shares of ePlus in a research report on Monday, November 19th. They issued a “neutral” rating and a $86.00 price target on the stock. Finally, ValuEngine downgraded shares of ePlus from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $99.00.

PLUS traded down $1.88 during trading on Monday, hitting $74.72. The company’s stock had a trading volume of 49,758 shares, compared to its average volume of 68,492. The company has a current ratio of 1.70, a quick ratio of 1.53 and a debt-to-equity ratio of 0.03. ePlus has a one year low of $67.65 and a one year high of $107.25. The company has a market capitalization of $1.05 billion, a PE ratio of 17.71 and a beta of 1.23.

In other news, CEO Mark P. Marron sold 10,000 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $101.80, for a total transaction of $1,018,000.00. Following the sale, the chief executive officer now directly owns 99,752 shares in the company, valued at approximately $10,154,753.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark P. Marron sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $100.99, for a total transaction of $2,019,800.00. Following the sale, the chief executive officer now owns 99,752 shares in the company, valued at $10,073,954.48. The disclosure for this sale can be found here. Insiders sold 30,500 shares of company stock worth $3,089,015 over the last quarter. Insiders own 2.72% of the company’s stock.

Several hedge funds have recently made changes to their positions in PLUS. Acadian Asset Management LLC bought a new stake in shares of ePlus during the 2nd quarter valued at $123,000. Meeder Asset Management Inc. raised its position in shares of ePlus by 431.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,622 shares of the software maker’s stock valued at $151,000 after purchasing an additional 1,317 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of ePlus during the 2nd quarter valued at $161,000. Bessemer Group Inc. bought a new stake in shares of ePlus during the 3rd quarter valued at $185,000. Finally, Zions Bancorporation bought a new stake in shares of ePlus during the 3rd quarter valued at $197,000. Hedge funds and other institutional investors own 91.73% of the company’s stock.

ePlus Company Profile

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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