ePlus inc. (NASDAQ:PLUS) Shares Will Pay Quarterly Dividend of $0.27

ePlus inc. (NASDAQ:PLUS) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Tuesday, November 24th will be given a dividend of $0.27 per share by the software maker on Wednesday, December 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, November 24th.

ePlus Price Performance

PLUS stock opened at $82.43 on Friday. The company’s 50 day simple moving average is $91.82 and its 200-day simple moving average is $85.79. The firm has a market capitalization of $2.15 billion, a PE ratio of 18.04, a P/E/G ratio of 1.16 and a beta of 0.95. ePlus has a 12 month low of $72.93 and a 12 month high of $98.21.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Thursday, November 5th. The software maker reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.35. ePlus had a return on equity of 11.51% and a net margin of 4.91%. The company had revenue of $667.92 million during the quarter, compared to analysts’ expectations of $636.10 million. As a group, sell-side analysts anticipate that ePlus will post 4.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PLUS shares. Zacks Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a report on Tuesday, October 6th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

ePlus Company Profile

ePlus inc. (NASDAQ: PLUS) provides technology solutions, professional services and financing to organizations in the commercial, government, healthcare and education sectors. Through its technology business, the company helps customers plan, implement and manage information technology environments, including data center, networking, cybersecurity, collaboration, cloud and digital infrastructure solutions.

The company also offers managed and professional services, technology consulting, IT asset management, and lifecycle services.