Zacks: Analysts Anticipate ePlus inc. (NASDAQ:PLUS) Will Post Quarterly Sales of $407.60 Million

Wall Street brokerages expect that ePlus inc. (NASDAQ:PLUS – Get Rating) will report sales of $407.60 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ePlus’ earnings. The highest sales estimate is $409.00 million and the lowest is $406.20 million. ePlus reported sales of $352.61 million during the same quarter last year, which indicates a positive year-over-year growth rate of 15.6%. The firm is expected to report its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that ePlus will report full-year sales of $1.78 billion for the current year. For the next fiscal year, analysts anticipate that the company will post sales of $1.88 billion, with estimates ranging from $1.85 billion to $1.91 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover ePlus.

A number of equities analysts have issued reports on PLUS shares. Zacks Investment Research cut ePlus from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 6th. StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of ePlus by 104.7% in the 4th quarter. BlackRock Inc. now owns 5,211,102 shares of the software maker’s stock valued at $280,774,000 after acquiring an additional 2,665,643 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of ePlus by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,977,393 shares of the software maker’s stock valued at $110,852,000 after acquiring an additional 36,331 shares in the last quarter. River Road Asset Management LLC lifted its stake in ePlus by 2.5% in the 1st quarter. River Road Asset Management LLC now owns 1,890,720 shares of the software maker’s stock valued at $105,994,000 after purchasing an additional 47,008 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in ePlus by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,395,393 shares of the software maker’s stock valued at $78,226,000 after purchasing an additional 13,838 shares during the last quarter. Finally, Geneva Capital Management LLC lifted its stake in ePlus by 95.4% in the 4th quarter. Geneva Capital Management LLC now owns 1,177,199 shares of the software maker’s stock valued at $63,427,000 after purchasing an additional 574,780 shares during the last quarter. Institutional investors own 92.04% of the company’s stock.

PLUS stock opened at $55.58 on Wednesday. The stock has a 50-day moving average price of $55.84 and a two-hundred day moving average price of $57.66. The stock has a market cap of $1.49 billion, a PE ratio of 15.42 and a beta of 1.24. The company has a current ratio of 1.69, a quick ratio of 1.43 and a debt-to-equity ratio of 0.02. ePlus has a 1 year low of $42.00 and a 1 year high of $69.74.

ePlus Company Profile (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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