Zacks: Analysts Anticipate ePlus Inc. (PLUS) Will Announce Earnings of $1.14 Per Share

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Equities research analysts expect that ePlus Inc. (NASDAQ:PLUS) will post earnings of $1.14 per share for the current fiscal quarter, Zacks reports. 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 per share of $0.97 in the same quarter last year, which would suggest a positive year over year growth rate of 17.5%. The business is scheduled to issue 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 year, analysts anticipate that the business will post earnings of $5.59 per share, with EPS estimates ranging from $5.55 to $5.62. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover ePlus.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, November 7th. The software maker reported $1.53 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 brokerages have commented on PLUS. Zacks Investment Research upgraded shares of ePlus from a “sell” rating to a “hold” rating in a report on Wednesday, November 14th. BidaskClub lowered shares of ePlus from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 19th. Sidoti began coverage on shares of ePlus in a report on Monday, November 19th. They issued a “neutral” rating and a $86.00 price objective for the company. Berenberg Bank began coverage on shares of ePlus in a report on Friday, November 16th. They issued a “buy” rating and a $96.00 price objective for the company. Finally, Stifel Nicolaus restated a “neutral” rating and issued a $100.00 price objective on shares of ePlus in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $99.00.

In other ePlus news, Director Lawrence S. Herman sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $102.43, for a total transaction of $51,215.00. Following the completion of the transaction, the director now owns 11,552 shares of the company’s stock, valued at $1,183,271.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark P. Marron sold 20,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 99,752 shares of the company’s stock, valued at approximately $10,073,954.48. The disclosure for this sale can be found here. Insiders sold 30,500 shares of company stock valued at $3,089,015 over the last 90 days. 2.72% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new position in shares of ePlus during the second quarter valued at approximately $123,000. Meeder Asset Management Inc. increased its stake in shares of ePlus by 431.8% during the third 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 in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of ePlus during the second quarter valued at approximately $161,000. Bessemer Group Inc. bought a new position in shares of ePlus during the third quarter valued at approximately $185,000. Finally, Zions Bancorporation bought a new position in shares of ePlus during the third quarter valued at approximately $197,000. 91.73% of the stock is owned by institutional investors and hedge funds.

PLUS traded down $1.88 on Monday, hitting $74.72. The company had a trading volume of 49,758 shares, compared to its average volume of 68,492. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.70 and a quick ratio of 1.53. ePlus has a 52-week low of $67.65 and a 52-week high of $107.25. The firm has a market capitalization of $1.05 billion, a PE ratio of 17.71 and a beta of 1.23.

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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