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

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

According to Zacks, analysts expect that ePlus will report full year earnings of $5.15 per share for the current financial year, with EPS estimates ranging from $5.10 to $5.20. For the next fiscal year, analysts forecast that the company will report 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 analysts that that provide coverage for ePlus.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Wednesday, November 7th. The software maker reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.07). The firm had revenue of $345.04 million for the quarter, compared to the consensus estimate of $378.95 million. ePlus had a return on equity of 16.80% and a net margin of 4.20%.

PLUS has been the topic of a number of recent analyst reports. ValuEngine cut shares of ePlus from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. BidaskClub cut shares of ePlus from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Stifel Nicolaus reaffirmed a “neutral” rating and issued a $100.00 price objective on shares of ePlus in a research report on Friday, August 10th. Finally, Zacks Investment Research cut shares of ePlus from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. ePlus has an average rating of “Hold” and an average target price of $107.00.

In related news, CEO Mark P. Marron sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $100.99, for a total value of $2,019,800.00. Following the sale, the chief executive officer now directly owns 99,752 shares of the company’s stock, valued at approximately $10,073,954.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John E. Callies sold 970 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $101.13, for a total transaction of $98,096.10. Following the completion of the sale, the director now directly owns 10,184 shares in the company, valued at $1,029,907.92. The disclosure for this sale can be found here. Insiders sold a total of 46,794 shares of company stock worth $4,750,250 over the last ninety days. 2.72% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of PLUS. Trexquant Investment LP bought a new stake in ePlus in the 3rd quarter valued at about $339,000. BlackRock Inc. boosted its holdings in ePlus by 2.3% in the 3rd quarter. BlackRock Inc. now owns 1,933,633 shares of the software maker’s stock valued at $179,247,000 after purchasing an additional 43,211 shares during the period. Martingale Asset Management L P bought a new stake in ePlus in the 3rd quarter valued at about $677,000. Bank of New York Mellon Corp boosted its holdings in ePlus by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 196,594 shares of the software maker’s stock valued at $18,225,000 after purchasing an additional 1,642 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of ePlus during the 3rd quarter worth approximately $322,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ PLUS traded up $0.04 during midday trading on Friday, reaching $81.58. 67,692 shares of the stock were exchanged, compared to its average volume of 63,322. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 19.33 and a beta of 1.22. ePlus has a 12 month low of $67.65 and a 12 month high of $107.25. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 0.03.

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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