Equities analysts predict that ePlus Inc. (NASDAQ:PLUS) will announce earnings per share (EPS) of $1.37 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for ePlus’ earnings, with estimates ranging from $1.36 to $1.37. ePlus reported earnings of $1.29 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 5th.
On average, analysts expect that ePlus will report full year earnings of $5.87 per share for the current financial year, with EPS estimates ranging from $5.85 to $5.88. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.02 per share, with EPS estimates ranging from $5.91 to $6.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for ePlus.
ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, November 6th. The software maker reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.79. The company had revenue of $411.57 million during the quarter, compared to the consensus estimate of $364.35 million. ePlus had a return on equity of 15.47% and a net margin of 4.52%.
A number of brokerages recently commented on PLUS. BidaskClub downgraded ePlus from a “strong-buy” rating to a “buy” rating in a report on Friday, September 13th. Zacks Investment Research upgraded ePlus from a “hold” rating to a “strong-buy” rating and set a $106.00 target price for the company in a report on Tuesday, November 12th. Sidoti downgraded ePlus from a “buy” rating to a “neutral” rating and decreased their target price for the company from $103.00 to $98.00 in a report on Thursday, November 14th. ValuEngine downgraded ePlus from a “sell” rating to a “strong sell” rating in a report on Friday, November 8th. Finally, Berenberg Bank restated a “hold” rating and set a $91.00 target price on shares of ePlus in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $98.33.
Shares of ePlus stock traded up $0.53 during midday trading on Wednesday, reaching $83.31. 60,800 shares of the company’s stock traded hands, compared to its average volume of 85,282. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.39 and a current ratio of 1.52. The company has a market cap of $1.13 billion, a PE ratio of 17.92 and a beta of 1.25. The stock has a 50 day moving average of $81.67 and a 200-day moving average of $77.40. ePlus has a 12 month low of $65.52 and a 12 month high of $99.63.
In other ePlus news, CEO Mark P. Marron sold 940 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $90.28, for a total value of $84,863.20. Following the completion of the transaction, the chief executive officer now owns 87,478 shares in the company, valued at $7,897,513.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Darren S. Raiguel sold 1,302 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $92.92, for a total value of $120,981.84. Following the completion of the transaction, the chief operating officer now owns 41,795 shares of the company’s stock, valued at approximately $3,883,591.40. The disclosure for this sale can be found here. 2.59% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE raised its holdings in ePlus by 33.2% in the second quarter. US Bancorp DE now owns 754 shares of the software maker’s stock worth $52,000 after purchasing an additional 188 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in ePlus by 357.8% in the second quarter. Tower Research Capital LLC TRC now owns 760 shares of the software maker’s stock worth $52,000 after purchasing an additional 594 shares in the last quarter. Huntington National Bank raised its holdings in ePlus by 32.6% in the third quarter. Huntington National Bank now owns 829 shares of the software maker’s stock worth $63,000 after purchasing an additional 204 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in ePlus by 809.0% in the third quarter. Meeder Asset Management Inc. now owns 1,209 shares of the software maker’s stock worth $92,000 after purchasing an additional 1,076 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in ePlus by 167.9% in the second quarter. Bank of Montreal Can now owns 1,784 shares of the software maker’s stock worth $122,000 after purchasing an additional 1,118 shares in the last quarter. Institutional investors and hedge funds own 92.89% 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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