ePlus (PLUS) Issues Quarterly Earnings Results
ePlus (NASDAQ:PLUS) posted its earnings results on Wednesday. The software maker reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.13, Yahoo Finance reports. ePlus had a return on equity of 15.52% and a net margin of 3.85%. The company had revenue of $342.57 million for the quarter, compared to analyst estimates of $344.25 million.
Shares of ePlus (NASDAQ PLUS) traded down $7.98 during mid-day trading on Thursday, reaching $68.02. The company had a trading volume of 66,467 shares, compared to its average volume of 79,919. ePlus has a 1-year low of $60.03 and a 1-year high of $97.75. The company has a market cap of $1,077.03, a price-to-earnings ratio of 17.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.65 and a quick ratio of 1.50.
Several equities analysts have issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $75.00 target price on shares of ePlus in a research note on Tuesday, October 17th. Zacks Investment Research cut ePlus from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 7th. Finally, BidaskClub upgraded ePlus from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th.
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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