Equities analysts forecast that ePlus Inc. (NASDAQ:PLUS) will post $357.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for ePlus’ earnings, with estimates ranging from $356.80 million to $358.50 million. ePlus posted sales of $330.43 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The company is expected to report its next quarterly earnings report on Thursday, May 23rd.
According to Zacks, analysts expect that ePlus will report full year sales of $1.40 billion for the current year, with estimates ranging from $1.40 billion to $1.41 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.54 billion, with estimates ranging from $1.50 billion to $1.57 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for ePlus.
ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, February 6th. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. The company had revenue of $345.66 million for the quarter, compared to analyst estimates of $340.40 million. ePlus had a net margin of 4.14% and a return on equity of 16.64%.
Shares of NASDAQ:PLUS opened at $88.54 on Friday. The firm has a market cap of $1.19 billion, a PE ratio of 20.98 and a beta of 1.30. The company has a current ratio of 1.70, a quick ratio of 1.56 and a debt-to-equity ratio of 0.02. ePlus has a 52 week low of $65.52 and a 52 week high of $107.25.
In other news, Director Lawrence S. Herman sold 1,000 shares of ePlus stock in a transaction on Monday, February 11th. The shares were sold at an average price of $83.16, for a total transaction of $83,160.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.72% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in PLUS. Victory Capital Management Inc. lifted its holdings in ePlus by 105.0% in the third quarter. Victory Capital Management Inc. now owns 5,970 shares of the software maker’s stock valued at $553,000 after buying an additional 3,058 shares during the period. Bank of New York Mellon Corp lifted its holdings in ePlus by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 196,594 shares of the software maker’s stock valued at $18,225,000 after buying an additional 1,642 shares during the period. Martingale Asset Management L P acquired a new position in ePlus in the third quarter valued at $677,000. BlackRock Inc. lifted its holdings in ePlus by 2.3% in the third quarter. BlackRock Inc. now owns 1,933,633 shares of the software maker’s stock valued at $179,247,000 after buying an additional 43,211 shares during the period. Finally, Trexquant Investment LP acquired a new position in ePlus in the third quarter valued at $339,000. Institutional investors and hedge funds own 92.55% of the company’s stock.
ePlus Company Profile
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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