$1.14 Earnings Per Share Expected for ePlus Inc. (PLUS) This Quarter

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Wall Street brokerages forecast that ePlus Inc. (NASDAQ:PLUS) will report $1.14 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for ePlus’ earnings. The lowest EPS estimate is $1.07 and the highest is $1.21. ePlus reported earnings of $0.97 per share in the same quarter last year, which indicates a positive year over year growth rate of 17.5%. The firm is expected to report its next 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 expect that the company will post earnings of $5.59 per share, with EPS estimates ranging from $5.55 to $5.62. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow ePlus.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, November 7th. The software maker reported $1.53 EPS for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.07). The business had revenue of $345.04 million during the quarter, compared to analysts’ expectations of $378.95 million. ePlus had a net margin of 4.20% and a return on equity of 16.80%.

A number of analysts have recently commented on the company. BidaskClub upgraded ePlus from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Zacks Investment Research cut ePlus from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. ValuEngine cut ePlus from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Finally, Stifel Nicolaus restated a “neutral” rating and issued a $100.00 price objective on shares of ePlus in a research report on Friday, August 10th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $107.00.

Shares of ePlus stock traded up $0.04 on Friday, reaching $81.58. The company’s stock had a trading volume of 67,692 shares, compared to its average volume of 63,322. The stock has a market capitalization of $1.21 billion, a PE ratio of 19.33 and a beta of 1.22. ePlus has a 52-week low of $67.65 and a 52-week high of $107.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.50.

In other news, COO Darren S. Raiguel sold 2,824 shares of ePlus stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $102.82, for a total value of $290,363.68. Following the sale, the chief operating officer now directly owns 32,409 shares of the company’s stock, valued at $3,332,293.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark P. Marron sold 20,000 shares of ePlus stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $100.99, for a total value of $2,019,800.00. Following the completion of the sale, the chief executive officer now directly owns 99,752 shares in the company, valued at $10,073,954.48. The disclosure for this sale can be found here. Insiders sold 46,794 shares of company stock worth $4,750,250 over the last ninety days. Corporate insiders own 2.72% of the company’s stock.

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of ePlus in the second quarter worth approximately $123,000. Meeder Asset Management Inc. boosted its stake in shares of ePlus by 431.8% in the third quarter. Meeder Asset Management Inc. now owns 1,622 shares of the software maker’s stock worth $151,000 after acquiring an additional 1,317 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of ePlus in the second quarter worth approximately $161,000. Bessemer Group Inc. acquired a new stake in shares of ePlus in the third quarter worth approximately $185,000. Finally, Zions Bancorporation acquired a new stake in shares of ePlus in the third quarter worth approximately $197,000. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

About ePlus

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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