Sidoti Issues Pessimistic Forecast for ePlus Earnings

ePlus inc. (NASDAQ:PLUS) – Equities researchers at Sidoti cut their Q1 2027 earnings estimates for ePlus in a report released on Monday, June 1st. Sidoti analyst G. Burns now expects that the software maker will earn $0.97 per share for the quarter, down from their previous forecast of $1.11. The consensus estimate for ePlus’ current full-year earnings is $5.10 per share. Sidoti also issued estimates for ePlus’ Q2 2027 earnings at $1.40 EPS, Q3 2027 earnings at $1.41 EPS, Q4 2027 earnings at $1.11 EPS, FY2027 earnings at $4.90 EPS and FY2028 earnings at $5.59 EPS.

PLUS has been the subject of several other reports. Zacks Research downgraded shares of ePlus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Wall Street Zen downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings downgraded shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 13th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

ePlus Stock Down 1.4%

NASDAQ PLUS opened at $82.15 on Wednesday. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.02 and a beta of 1.01. The company has a 50-day simple moving average of $83.11 and a two-hundred day simple moving average of $84.24. ePlus has a 12-month low of $62.11 and a 12-month high of $93.98.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Thursday, May 28th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02. ePlus had a net margin of 5.24% and a return on equity of 11.36%. The business had revenue of $581.63 million during the quarter, compared to analyst estimates of $569.25 million.

Hedge Funds Weigh In On ePlus

Institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC increased its stake in shares of ePlus by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 5,129 shares of the software maker’s stock valued at $450,000 after purchasing an additional 159 shares in the last quarter. Inceptionr LLC increased its stake in shares of ePlus by 5.9% during the first quarter. Inceptionr LLC now owns 3,419 shares of the software maker’s stock valued at $257,000 after purchasing an additional 190 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of ePlus by 30.8% during the fourth quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock valued at $79,000 after purchasing an additional 213 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of ePlus by 3.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,544 shares of the software maker’s stock valued at $662,000 after purchasing an additional 233 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of ePlus by 6.9% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,859 shares of the software maker’s stock valued at $338,000 after purchasing an additional 250 shares in the last quarter. 93.80% of the stock is owned by institutional investors.

Insider Transactions at ePlus

In related news, COO Darren S. Raiguel sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $89.95, for a total value of $89,950.00. Following the completion of the transaction, the chief operating officer directly owned 55,748 shares of the company’s stock, valued at $5,014,532.60. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 1,289 shares of company stock valued at $115,757 over the last ninety days. 1.93% of the stock is owned by corporate insiders.

ePlus Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This is an increase from ePlus’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. ePlus’s payout ratio is currently 20.66%.

About ePlus

ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.

The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.