Equities research analysts expect that ePlus inc. (NASDAQ:PLUS) will report earnings per share of $0.80 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for ePlus inc.’s earnings. ePlus inc. posted earnings per share of $0.77 during the same quarter last year, which indicates a positive year-over-year growth rate of 3.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, August 1st.
On average, analysts expect that ePlus inc. will report full-year earnings of $3.96 per share for the current fiscal year. For the next financial year, analysts anticipate that the firm will post earnings of $4.52 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow ePlus inc..
Several research firms have commented on PLUS. ValuEngine raised ePlus inc. from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered ePlus inc. from a “buy” rating to a “sell” rating in a research report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.31.
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In other news, insider Phillip G. Norton sold 20,880 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $79.04, for a total value of $1,650,355.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eric D. Hovde sold 3,389 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $80.30, for a total value of $272,136.70. Following the completion of the transaction, the director now directly owns 68,703 shares in the company, valued at approximately $5,516,850.90. The disclosure for this sale can be found here. In the last three months, insiders sold 70,103 shares of company stock worth $5,491,451. Corporate insiders own 8.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLUS. Public Employees Retirement System of Ohio raised its position in ePlus inc. by 17.5% in the first quarter. Public Employees Retirement System of Ohio now owns 5,344 shares of the software maker’s stock worth $722,000 after buying an additional 796 shares during the last quarter. Credit Suisse AG raised its position in ePlus inc. by 36.9% in the first quarter. Credit Suisse AG now owns 12,277 shares of the software maker’s stock worth $1,658,000 after buying an additional 3,310 shares during the last quarter. State Street Corp raised its position in ePlus inc. by 8.5% in the first quarter. State Street Corp now owns 152,289 shares of the software maker’s stock worth $20,573,000 after buying an additional 11,988 shares during the last quarter. Bank of America Corp DE raised its position in ePlus inc. by 103.7% in the first quarter. Bank of America Corp DE now owns 10,865 shares of the software maker’s stock worth $1,468,000 after buying an additional 5,532 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in ePlus inc. by 10.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 39,570 shares of the software maker’s stock worth $5,344,000 after buying an additional 3,788 shares during the last quarter. 47.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of ePlus inc. (NASDAQ:PLUS) traded down 0.93% during midday trading on Friday, reaching $74.50. The company had a trading volume of 115,282 shares. The company’s 50 day moving average price is $74.98 and its 200 day moving average price is $102.29. The stock has a market capitalization of $1.05 billion, a PE ratio of 20.69 and a beta of 1.37. ePlus inc. has a 52-week low of $39.09 and a 52-week high of $81.30.
ePlus inc. Company Profile
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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