Analysts Anticipate ePlus Inc. (PLUS) to Announce $0.90 EPS
Brokerages expect ePlus Inc. (NASDAQ:PLUS) to post earnings per share (EPS) of $0.90 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for ePlus’ earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.87. ePlus reported earnings per share of $0.96 during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.2%. The firm is expected to announce its next earnings report on Thursday, February 1st.
According to Zacks, analysts expect that ePlus will report full-year earnings of $4.00 per share for the current financial year, with EPS estimates ranging from $3.93 to $4.07. For the next year, analysts expect that the company will post earnings of $4.27 per share, with EPS estimates ranging from $4.17 to $4.37. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for ePlus.
ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported $1.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.27. ePlus had a net margin of 3.85% and a return on equity of 15.52%.
Shares of ePlus (NASDAQ:PLUS) traded up $0.30 on Monday, hitting $77.85. 47,600 shares of the stock were exchanged, compared to its average volume of 104,200. The firm has a market capitalization of $1,103.25, a price-to-earnings ratio of 20.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.65 and a quick ratio of 1.50. ePlus has a 1-year low of $54.28 and a 1-year high of $97.75.
In related news, Director John E. Callies sold 1,200 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $80.35, for a total value of $96,420.00. Following the completion of the transaction, the director now owns 11,154 shares of the company’s stock, valued at $896,223.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.25% of the company’s stock.
A number of large investors have recently bought and sold shares of PLUS. Pinebridge Investments L.P. raised its position in ePlus by 102.0% in the second quarter. Pinebridge Investments L.P. now owns 1,735 shares of the software maker’s stock worth $128,000 after purchasing an additional 876 shares in the last quarter. Capital Fund Management S.A. acquired a new position in ePlus in the second quarter worth about $207,000. Piedmont Investment Advisors LLC acquired a new position in ePlus in the second quarter worth about $213,000. Chevy Chase Trust Holdings Inc. bought a new stake in ePlus during the third quarter worth about $222,000. Finally, Aperio Group LLC bought a new stake in ePlus during the third quarter worth about $226,000. 89.74% of the stock is owned by hedge funds and other institutional investors.
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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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