Zacks: Analysts Anticipate ePlus Inc. (PLUS) Will Post Earnings of $0.90 Per Share

Equities research analysts predict that ePlus Inc. (NASDAQ:PLUS) will announce earnings per share of $0.90 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for ePlus’ earnings. The highest EPS estimate is $0.92 and the lowest is $0.87. ePlus reported earnings of $0.96 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.2%. The company is expected to report its next earnings results on Thursday, February 1st.

On average, 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 report earnings of $4.27 per share, with EPS estimates ranging from $4.17 to $4.37. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover ePlus.

ePlus (NASDAQ:PLUS) last posted its earnings results on Thursday, November 2nd. The software maker reported $1.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.27. ePlus had a return on equity of 15.52% and a net margin of 3.85%.

Several equities analysts recently issued reports on PLUS shares. Stifel Nicolaus reissued a “hold” rating and set a $75.00 target price on shares of ePlus in a research note on Tuesday, October 17th. Zacks Investment Research lowered ePlus from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BidaskClub lowered ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th.

In other ePlus news, Director John E. Callies sold 1,200 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $80.35, for a total transaction of $96,420.00. Following the sale, the director now owns 11,154 shares in the company, valued at approximately $896,223.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.25% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in shares of ePlus by 5.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 96,494 shares of the software maker’s stock valued at $8,978,000 after acquiring an additional 4,994 shares during the last quarter. Atlanta Capital Management Co. L L C purchased a new position in shares of ePlus in the 3rd quarter valued at about $10,529,000. TIAA CREF Investment Management LLC increased its holdings in shares of ePlus by 106.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 35,159 shares of the software maker’s stock valued at $2,605,000 after acquiring an additional 18,152 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of ePlus by 3.9% in the 3rd quarter. New York State Common Retirement Fund now owns 23,713 shares of the software maker’s stock valued at $2,192,000 after acquiring an additional 882 shares during the last quarter. Finally, Menta Capital LLC purchased a new position in shares of ePlus in the 2nd quarter valued at about $957,000. Institutional investors own 89.74% of the company’s stock.

ePlus (NASDAQ PLUS) traded up $0.30 on Monday, reaching $77.85. The company had a trading volume of 47,600 shares, compared to its average volume of 104,200. ePlus has a 1 year low of $54.28 and a 1 year high of $97.75. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1,103.25, a price-to-earnings ratio of 20.19 and a beta of 1.28.

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ePlus 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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