$1.60 EPS Expected for ePlus Inc. (PLUS) This Quarter

Equities analysts predict that ePlus Inc. (NASDAQ:PLUS) will post $1.60 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for ePlus’ earnings. The lowest EPS estimate is $1.55 and the highest is $1.65. ePlus posted earnings per share of $1.23 in the same quarter last year, which would suggest a positive year over year growth rate of 30.1%. The firm is expected to issue its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that ePlus will report full-year earnings of $5.26 per share for the current year, with EPS estimates ranging from $5.12 to $5.40. For the next year, analysts forecast that the business will report earnings of $5.73 per share, with EPS estimates ranging from $5.71 to $5.74. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover ePlus.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Wednesday, August 8th. The software maker reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.11. ePlus had a return on equity of 16.05% and a net margin of 4.07%. The business had revenue of $356.53 million for the quarter, compared to analysts’ expectations of $346.55 million.

PLUS has been the topic of several recent analyst reports. ValuEngine cut ePlus from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Stifel Nicolaus reissued a “neutral” rating and issued a $100.00 target price on shares of ePlus in a research report on Friday, August 10th. BidaskClub lowered ePlus from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research lowered ePlus from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company presently has an average rating of “Sell” and a consensus target price of $107.00.

NASDAQ:PLUS opened at $86.59 on Tuesday. ePlus has a fifty-two week low of $67.65 and a fifty-two week high of $107.25. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.27 billion, a PE ratio of 20.52 and a beta of 1.19.

In related news, CEO Mark P. Marron sold 20,000 shares of ePlus stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $100.99, for a total value of $2,019,800.00. Following the sale, the chief executive officer now owns 99,752 shares of the company’s stock, valued at approximately $10,073,954.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eric D. Hovde sold 7,500 shares of ePlus stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $101.87, for a total value of $764,025.00. Following the completion of the sale, the director now directly owns 29,019 shares in the company, valued at approximately $2,956,165.53. The disclosure for this sale can be found here. In the last three months, insiders sold 46,794 shares of company stock worth $4,750,250. 2.72% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in PLUS. Wells Fargo & Company MN raised its position in ePlus by 6.2% in the 1st quarter. Wells Fargo & Company MN now owns 57,430 shares of the software maker’s stock valued at $4,463,000 after buying an additional 3,374 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of ePlus by 3.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 109,241 shares of the software maker’s stock worth $8,489,000 after purchasing an additional 3,874 shares during the last quarter. BlackRock Inc. increased its position in shares of ePlus by 0.5% during the 1st quarter. BlackRock Inc. now owns 1,734,514 shares of the software maker’s stock worth $134,771,000 after purchasing an additional 8,454 shares during the last quarter. California Public Employees Retirement System increased its position in shares of ePlus by 1.9% during the 1st quarter. California Public Employees Retirement System now owns 67,941 shares of the software maker’s stock worth $5,279,000 after purchasing an additional 1,280 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of ePlus by 141.2% during the 1st quarter. Russell Investments Group Ltd. now owns 24,555 shares of the software maker’s stock worth $1,908,000 after purchasing an additional 14,374 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

About ePlus

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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