ePlus inc. (PLUS) Expected to Post Earnings of $0.80 Per Share
Wall Street brokerages forecast that ePlus inc. (NASDAQ:PLUS) will announce earnings per share (EPS) of $0.80 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for ePlus inc.’s earnings. ePlus inc. posted earnings of $0.77 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.9%. The business is expected to report its next earnings results on Tuesday, August 1st.
According to Zacks, analysts expect that ePlus inc. will report full-year earnings of $3.96 per share for the current financial year. For the next financial year, analysts anticipate that the firm will report earnings of $4.52 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow ePlus inc..
Several research firms recently commented on PLUS. ValuEngine raised ePlus inc. from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research cut ePlus inc. from a “buy” rating to a “sell” rating in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.31.
ePlus inc. (PLUS) traded up 1.25% during trading on Wednesday, hitting $77.20. The stock had a trading volume of 38,981 shares. The company has a market cap of $1.09 billion, a PE ratio of 21.44 and a beta of 1.40. The company’s 50 day moving average is $75.53 and its 200-day moving average is $99.44. ePlus inc. has a 12 month low of $39.88 and a 12 month high of $81.30.
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In related news, Director Eric D. Hovde sold 35,774 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $78.60, for a total value of $2,811,836.40. Following the sale, the director now owns 74,163 shares of the company’s stock, valued at approximately $5,829,211.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Elaine D. Marion sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $70.92, for a total value of $354,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 70,103 shares of company stock worth $5,491,451 in the last three months. Corporate insiders own 8.20% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Elkfork Partners LLC raised its position in shares of ePlus inc. by 160.0% in the first quarter. Elkfork Partners LLC now owns 884 shares of the software maker’s stock worth $119,000 after buying an additional 544 shares in the last quarter. Palo Capital Inc. acquired a new position in shares of ePlus inc. during the first quarter worth $203,000. Mason Street Advisors LLC raised its position in shares of ePlus inc. by 7.0% in the first quarter. Mason Street Advisors LLC now owns 1,540 shares of the software maker’s stock worth $208,000 after buying an additional 101 shares in the last quarter. Bank of Montreal Can raised its position in shares of ePlus inc. by 74.2% in the second quarter. Bank of Montreal Can now owns 1,606 shares of the software maker’s stock worth $119,000 after buying an additional 684 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of ePlus inc. by 15.2% in the first quarter. Victory Capital Management Inc. now owns 1,649 shares of the software maker’s stock worth $223,000 after buying an additional 218 shares in the last quarter. 47.63% of the stock is currently owned by hedge funds and other institutional investors.
ePlus inc. Company Profile
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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