Equities research analysts forecast that ePlus inc. (NASDAQ:PLUS – Get Rating) will post $0.68 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ePlus’ earnings. The highest EPS estimate is $0.74 and the lowest is $0.62. ePlus reported earnings of $0.71 per share in the same quarter last year, which would indicate a negative year over year growth rate of 4.2%. The business is expected to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that ePlus will report full-year earnings of $4.07 per share for the current year, with EPS estimates ranging from $4.00 to $4.13. For the next year, analysts expect that the company will post earnings of $4.12 per share, with EPS estimates ranging from $3.90 to $4.33. Zacks’ EPS averages are an average based on a survey of research firms that cover ePlus.
ePlus (NASDAQ:PLUS – Get Rating) last announced its quarterly earnings results on Thursday, February 3rd. The software maker reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.23. The firm had revenue of $494.83 million for the quarter, compared to analyst estimates of $454.30 million. ePlus had a net margin of 5.63% and a return on equity of 16.16%. During the same period last year, the business earned $0.81 EPS.
NASDAQ PLUS traded down $0.43 during trading on Monday, reaching $55.42. The company’s stock had a trading volume of 60,596 shares, compared to its average volume of 123,609. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.43 and a current ratio of 1.69. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 15.37 and a beta of 1.33. ePlus has a twelve month low of $42.00 and a twelve month high of $69.74. The business’s fifty day moving average price is $51.54 and its 200-day moving average price is $57.18.
Institutional investors have recently modified their holdings of the company. Comerica Bank increased its stake in shares of ePlus by 157.4% during the third quarter. Comerica Bank now owns 32,516 shares of the software maker’s stock worth $3,511,000 after acquiring an additional 19,883 shares during the period. State of Alaska Department of Revenue boosted its holdings in ePlus by 94.1% during the fourth quarter. State of Alaska Department of Revenue now owns 19,128 shares of the software maker’s stock worth $1,030,000 after buying an additional 9,274 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in ePlus by 113.4% during the third quarter. BNP Paribas Arbitrage SA now owns 14,338 shares of the software maker’s stock worth $1,471,000 after buying an additional 7,618 shares in the last quarter. Equitable Trust Co. boosted its holdings in ePlus by 107.2% during the fourth quarter. Equitable Trust Co. now owns 11,782 shares of the software maker’s stock worth $635,000 after buying an additional 6,097 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in ePlus during the fourth quarter worth about $6,365,000. Institutional investors and hedge funds own 72.86% of the company’s stock.
About ePlus (Get Rating)
ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including ePlus managed, professional, security, ePlus cloud consulting, staff augmentation, server and desktop support, and project management services.
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