Equities research analysts expect ePlus (NASDAQ:PLUS) to post earnings per share of $1.14 for the current quarter, Zacks reports. Two analysts have made estimates for ePlus’ earnings. The lowest EPS estimate is $1.12 and the highest is $1.16. ePlus reported earnings per share of $0.96 in the same quarter last year, which suggests a positive year-over-year growth rate of 18.8%. The company is expected to announce its next quarterly earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that ePlus will report full-year earnings of $5.19 per share for the current year, with EPS estimates ranging from $5.12 to $5.26. For the next year, analysts forecast that the business will report earnings of $5.76 per share, with EPS estimates ranging from $5.70 to $5.82. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow ePlus.
ePlus (NASDAQ:PLUS) last announced its earnings results on Thursday, May 24th. The software maker reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.03). ePlus had a return on equity of 15.10% and a net margin of 3.91%. The company had revenue of $330.43 million during the quarter, compared to analysts’ expectations of $352.50 million.
Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of ePlus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Sidoti cut ePlus from a “buy” rating to a “neutral” rating in a report on Tuesday, May 8th. ValuEngine raised ePlus from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. BidaskClub upgraded ePlus from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 3rd. Finally, Stifel Nicolaus increased their price target on ePlus from $80.00 to $85.00 and gave the company a “hold” rating in a report on Friday, May 25th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. ePlus currently has a consensus rating of “Hold” and a consensus price target of $83.00.
ePlus traded up $0.40, reaching $96.80, during midday trading on Monday, Marketbeat.com reports. The company’s stock had a trading volume of 59 shares, compared to its average volume of 80,601. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.61 and a quick ratio of 1.50. ePlus has a fifty-two week low of $67.65 and a fifty-two week high of $97.75. The stock has a market cap of $1.32 billion, a PE ratio of 22.94 and a beta of 1.17.
In other ePlus news, Director Eric D. Hovde sold 27,995 shares of the business’s stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $94.23, for a total value of $2,637,968.85. Following the completion of the transaction, the director now directly owns 23,301 shares in the company, valued at approximately $2,195,653.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elaine D. Marion sold 3,000 shares of the company’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $80.00, for a total transaction of $240,000.00. Following the sale, the chief financial officer now directly owns 70,068 shares of the company’s stock, valued at $5,605,440. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,873 shares of company stock valued at $4,917,588. Insiders own 3.25% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in ePlus in the first quarter worth approximately $171,000. Aperio Group LLC purchased a new stake in shares of ePlus during the 1st quarter worth approximately $228,000. BlueCrest Capital Management Ltd acquired a new position in ePlus in the 4th quarter valued at $233,000. Landscape Capital Management L.L.C. purchased a new stake in shares of ePlus during the 4th quarter valued at $238,000. Finally, Trexquant Investment LP purchased a new stake in ePlus during the 1st quarter worth $259,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.
ePlus Company Profile
ePlus inc., an engineering-centric technology solutions provider, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. The Technology segment sells IT products, such as hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, including data center infrastructure, networking, security, cloud, and collaboration, as well as ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
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