ePlus (NASDAQ:PLUS) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 22nd. Analysts expect the company to announce earnings of $0.94 per share for the quarter.
NASDAQ PLUS traded down $0.89 during trading hours on Thursday, reaching $87.63. The company had a trading volume of 2 shares, compared to its average volume of 61,961. ePlus has a 1-year low of $65.52 and a 1-year high of $107.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.56. The stock has a market capitalization of $1.19 billion, a P/E ratio of 20.77 and a beta of 1.29.
PLUS has been the topic of a number of recent analyst reports. BidaskClub cut shares of ePlus from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. ValuEngine raised shares of ePlus from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research raised shares of ePlus from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. ePlus currently has an average rating of “Hold” and a consensus price target of $99.00.
In related news, CFO Elaine D. Marion sold 2,661 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $95.12, for a total value of $253,114.32. Following the sale, the chief financial officer now owns 64,006 shares of the company’s stock, valued at $6,088,250.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elaine D. Marion sold 1,566 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $95.00, for a total transaction of $148,770.00. Following the completion of the sale, the chief financial officer now directly owns 62,440 shares in the company, valued at approximately $5,931,800. The disclosure for this sale can be found here. Insiders have sold 14,000 shares of company stock worth $1,311,665 in the last three months. Corporate insiders own 2.72% of the company’s stock.
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ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
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