Zacks: Analysts Anticipate ePlus inc. (NASDAQ:PLUS) to Post $0.68 Earnings Per Share

Brokerages forecast that ePlus inc. (NASDAQ:PLUSGet Rating) will report $0.68 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for ePlus’ earnings. The lowest EPS estimate is $0.62 and the highest is $0.74. ePlus reported earnings of $0.71 per share during the same quarter last year, which would suggest a negative year over year growth rate of 4.2%. The firm is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that ePlus will report full-year earnings of $4.07 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.13. For the next fiscal year, analysts anticipate 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 sell-side research analysts that follow ePlus.

ePlus (NASDAQ:PLUSGet Rating) last released its quarterly earnings results on Thursday, February 3rd. The software maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.23. ePlus had a net margin of 5.63% and a return on equity of 16.16%. The firm had revenue of $494.83 million during the quarter, compared to analysts’ expectations of $454.30 million. During the same period in the previous year, the company earned $0.81 EPS.

PLUS has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of ePlus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 6th. StockNews.com initiated coverage on shares of ePlus in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC bought a new position in ePlus in the 4th quarter worth about $31,000. New Century Advisors LLC boosted its stake in shares of ePlus by 161.9% during the first quarter. New Century Advisors LLC now owns 736 shares of the software maker’s stock valued at $41,000 after purchasing an additional 455 shares in the last quarter. Covestor Ltd bought a new position in shares of ePlus during the fourth quarter valued at approximately $44,000. Advisor Group Holdings Inc. boosted its stake in shares of ePlus by 28.3% during the third quarter. Advisor Group Holdings Inc. now owns 463 shares of the software maker’s stock valued at $48,000 after purchasing an additional 102 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in shares of ePlus by 100.0% during the fourth quarter. AdvisorNet Financial Inc now owns 928 shares of the software maker’s stock valued at $50,000 after purchasing an additional 464 shares in the last quarter. Institutional investors and hedge funds own 92.04% of the company’s stock.

Shares of PLUS stock traded down $1.23 during trading hours on Monday, reaching $55.25. 806 shares of the stock were exchanged, compared to its average volume of 115,217. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 15.33 and a beta of 1.33. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.69 and a quick ratio of 1.43. ePlus has a 12-month low of $42.00 and a 12-month high of $69.74. The stock’s 50-day moving average is $53.69.

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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