ePlus (PLUS) Set to Announce Quarterly Earnings on Wednesday

ePlus (NASDAQ:PLUS) will be releasing its earnings data after the market closes on Wednesday, November 7th. Analysts expect ePlus to post earnings of $1.60 per share for the quarter.

ePlus (NASDAQ:PLUS) last posted its earnings results on Wednesday, August 8th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.11. ePlus had a net margin of 4.07% and a return on equity of 16.05%. The firm had revenue of $356.53 million during the quarter, compared to analyst estimates of $346.55 million. On average, analysts expect ePlus to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of NASDAQ PLUS traded up $0.42 during trading on Thursday, hitting $85.30. The stock had a trading volume of 754 shares, compared to its average volume of 65,006. ePlus has a 12 month low of $67.65 and a 12 month 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. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 20.26 and a beta of 1.19.

Several research firms have recently issued reports on PLUS. Stifel Nicolaus reiterated a “hold” rating and issued a $95.00 target price on shares of ePlus in a research note on Monday, July 23rd. BidaskClub upgraded shares of ePlus from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of ePlus from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, July 25th. Finally, ValuEngine lowered shares of ePlus from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $107.00.

In other ePlus news, CEO Mark P. Marron sold 10,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $10,154,753.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mark P. Marron sold 20,000 shares of the company’s stock in a transaction dated 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 directly owns 99,752 shares in the company, valued at $10,073,954.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,794 shares of company stock valued at $4,750,250. 2.72% of the stock is owned by company insiders.

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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Earnings History for ePlus (NASDAQ:PLUS)

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