ePlus inc. (PLUS) Scheduled to Post Quarterly Earnings on Wednesday
ePlus inc. (NASDAQ:PLUS) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $1.12 per share for the quarter.
ePlus inc. (NASDAQ PLUS) opened at 92.25 on Wednesday. ePlus inc. has a 1-year low of $44.20 and a 1-year high of $97.75. The stock has a 50 day moving average price of $89.30 and a 200 day moving average price of $79.66. The company has a market cap of $1.31 billion, a PE ratio of 24.19 and a beta of 1.40.
ePlus inc. announced that its Board of Directors has approved a share repurchase program on Friday, August 18th that authorizes the company to buyback 500,000 shares. This buyback authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
PLUS has been the subject of a number of analyst reports. BidaskClub cut ePlus inc. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised ePlus inc. from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Saturday, August 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 price objective on shares of ePlus inc. in a research note on Tuesday, October 17th. Finally, ValuEngine cut ePlus inc. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.80.
In other ePlus inc. news, CFO Elaine D. Marion sold 3,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $93.40, for a total value of $280,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce M. Bowen sold 400 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $82.57, for a total value of $33,028.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,214 shares of company stock valued at $2,580,002. 3.25% of the stock is owned by insiders.
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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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