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.
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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