ePlus (PLUS) Expected to Announce Quarterly Sales of $352.50 Million

Analysts expect ePlus (NASDAQ:PLUS) to report sales of $352.50 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for ePlus’ earnings. The lowest sales estimate is $349.20 million and the highest is $355.80 million. ePlus reported sales of $332.77 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The business is expected to announce its next earnings results on Wednesday, May 23rd.

According to Zacks, analysts expect that ePlus will report full year sales of $352.50 million for the current year, with estimates ranging from $1.43 billion to $1.44 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.52 billion per share, with estimates ranging from $1.52 billion to $1.53 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow ePlus.

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ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.13. The company had revenue of $342.57 million during the quarter, compared to the consensus estimate of $344.25 million. ePlus had a return on equity of 15.06% and a net margin of 4.01%.

A number of analysts recently commented on the company. Sidoti raised ePlus from a “neutral” rating to a “buy” rating in a research report on Friday, February 9th. BidaskClub downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Finally, Zacks Investment Research raised ePlus from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. ePlus currently has a consensus rating of “Hold” and a consensus price target of $78.00.

In other ePlus news, Director Lawrence S. Herman sold 500 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $74.47, for a total value of $37,235.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elaine D. Marion sold 3,000 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $80.45, for a total value of $241,350.00. Following the completion of the sale, the chief financial officer now directly owns 74,568 shares of the company’s stock, valued at $5,998,995.60. The disclosure for this sale can be found here. Insiders have sold 21,473 shares of company stock valued at $1,631,772 over the last ninety days. 3.25% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. American International Group Inc. increased its position in ePlus by 7.0% in the third quarter. American International Group Inc. now owns 10,527 shares of the software maker’s stock worth $973,000 after buying an additional 687 shares during the last quarter. Teachers Advisors LLC increased its position in ePlus by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 24,075 shares of the software maker’s stock worth $1,810,000 after buying an additional 701 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in ePlus by 3.4% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 25,467 shares of the software maker’s stock worth $1,915,000 after buying an additional 831 shares during the last quarter. Bowling Portfolio Management LLC increased its position in ePlus by 5.6% in the fourth quarter. Bowling Portfolio Management LLC now owns 15,921 shares of the software maker’s stock worth $1,197,000 after buying an additional 851 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in ePlus by 3.9% in the third quarter. New York State Common Retirement Fund now owns 23,713 shares of the software maker’s stock worth $2,192,000 after buying an additional 882 shares during the last quarter. 91.32% of the stock is owned by institutional investors and hedge funds.

Shares of ePlus (NASDAQ:PLUS) opened at $74.30 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1,036.41, a P/E ratio of 18.35 and a beta of 1.15. ePlus has a 52-week low of $63.76 and a 52-week high of $97.75.

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ePlus Company Profile

ePlus inc., an engineering-centric technology solutions provider, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. The Technology segment sells IT products, such as hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, including data center infrastructure, networking, security, cloud, and collaboration, as well as ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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