Sidoti Csr Issues Pessimistic Outlook for ePlus Earnings

ePlus inc. (NASDAQ:PLUSFree Report) – Research analysts at Sidoti Csr cut their Q2 2027 EPS estimates for shares of ePlus in a note issued to investors on Tuesday, June 24th. Sidoti Csr analyst G. Burns now forecasts that the software maker will post earnings of $1.10 per share for the quarter, down from their previous forecast of $1.24. The consensus estimate for ePlus’ current full-year earnings is $3.78 per share. Sidoti Csr also issued estimates for ePlus’ Q3 2027 earnings at $1.10 EPS.

ePlus (NASDAQ:PLUSGet Free Report) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. ePlus had a return on equity of 11.34% and a net margin of 5.22%. The firm had revenue of $498.11 million during the quarter, compared to analysts’ expectations of $523.85 million.

Separately, Wall Street Zen raised shares of ePlus from a “hold” rating to a “buy” rating in a report on Saturday, May 24th.

Get Our Latest Stock Report on ePlus

ePlus Stock Down 1.3%

Shares of ePlus stock opened at $73.10 on Wednesday. The business has a 50-day moving average price of $67.12 and a 200 day moving average price of $68.98. ePlus has a fifty-two week low of $53.83 and a fifty-two week high of $106.98. The firm has a market cap of $1.94 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.80 and a beta of 1.15. The company has a quick ratio of 1.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On ePlus

A number of hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its position in ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of ePlus by 256.8% in the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after purchasing an additional 303 shares during the period. Quarry LP raised its holdings in shares of ePlus by 1,000.0% during the fourth quarter. Quarry LP now owns 473 shares of the software maker’s stock valued at $35,000 after buying an additional 430 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of ePlus by 377.9% during the first quarter. Versant Capital Management Inc now owns 712 shares of the software maker’s stock worth $43,000 after buying an additional 563 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in ePlus in the 4th quarter worth approximately $60,000. 93.80% of the stock is currently owned by institutional investors.

About ePlus

(Get Free Report)

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.

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Earnings History and Estimates for ePlus (NASDAQ:PLUS)

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