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

Equities research analysts expect ePlus Inc. (NASDAQ:PLUS) to post earnings per share of $1.14 for the current quarter, according to Zacks. Two analysts have made estimates for ePlus’ earnings, with the lowest EPS estimate coming in at $1.07 and the highest estimate coming in at $1.21. ePlus reported earnings per share of $0.97 in the same quarter last year, which indicates a positive year over year growth rate of 17.5%. The company is expected to issue its next quarterly earnings results on Wednesday, February 6th.

On average, 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 financial year, analysts anticipate that the business will report earnings of $5.59 per share, with EPS estimates ranging from $5.55 to $5.62. Zacks’ EPS averages are an average based on a survey of research analysts that cover ePlus.

ePlus (NASDAQ:PLUS) last issued its earnings results on Wednesday, November 7th. The software maker reported $1.53 earnings per share (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 business had revenue of $345.04 million for the quarter, compared to analysts’ expectations of $378.95 million.

Several research analysts recently issued reports on the stock. Berenberg Bank assumed coverage on shares of ePlus in a report on Friday. They set a “buy” rating and a $96.00 target price for the company. Zacks Investment Research raised shares of ePlus from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub raised shares of ePlus from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. ValuEngine cut shares of ePlus from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Finally, Stifel Nicolaus reissued a “neutral” rating and set a $100.00 target price on shares of ePlus in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. ePlus has a consensus rating of “Hold” and an average target price of $103.33.

Shares of ePlus stock traded up $0.93 during trading on Friday, hitting $81.02. 72,282 shares of the company’s stock were exchanged, compared to its average volume of 65,868. 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 stock has a market cap of $1.10 billion, a PE ratio of 19.20 and a beta of 1.22.

In other ePlus news, Director Eric D. Hovde sold 5,000 shares of ePlus stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $101.75, for a total value of $508,750.00. Following the completion of the transaction, the director now owns 29,019 shares of the company’s stock, valued at $2,952,683.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric D. Hovde sold 7,500 shares of ePlus stock in a transaction on Monday, August 27th. The shares were sold at an average price of $101.87, for a total transaction of $764,025.00. Following the completion of the transaction, the director now directly owns 29,019 shares of the company’s stock, valued at approximately $2,956,165.53. The disclosure for this sale can be found here. Insiders sold 46,794 shares of company stock valued at $4,750,250 in the last ninety days. 2.72% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new position in ePlus in the second quarter valued at $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 worth $151,000 after purchasing an additional 1,317 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of ePlus during the second quarter worth about $161,000. Bessemer Group Inc. purchased a new stake in shares of ePlus during the third quarter worth about $185,000. Finally, Zions Bancorporation purchased a new stake in shares of ePlus during the third quarter worth about $197,000. 90.15% of the stock is owned by institutional investors.

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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