ePlus (PLUS) Posts Earnings Results, Beats Estimates By $0.12 EPS

ePlus (NASDAQ:PLUS) announced its quarterly earnings results on Wednesday. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.12, Morningstar.com reports. The business had revenue of $345.66 million during the quarter, compared to the consensus estimate of $340.40 million. ePlus had a net margin of 4.14% and a return on equity of 16.91%.

Shares of NASDAQ PLUS opened at $83.39 on Friday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 19.76 and a beta of 1.26. ePlus has a 52 week low of $65.52 and a 52 week high of $107.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.53 and a current ratio of 1.70.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. boosted its stake in shares of ePlus by 431.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,622 shares of the software maker’s stock worth $151,000 after purchasing an additional 1,317 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of ePlus in the third quarter worth approximately $185,000. Zions Bancorporation acquired a new stake in shares of ePlus in the third quarter worth approximately $197,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of ePlus in the third quarter worth approximately $322,000. Finally, Trexquant Investment LP acquired a new stake in shares of ePlus in the third quarter worth approximately $339,000. 91.39% of the stock is currently owned by hedge funds and other institutional investors.



PLUS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of ePlus from a “sell” rating to a “hold” rating in a report on Wednesday, November 14th. ValuEngine upgraded shares of ePlus from a “sell” rating to a “hold” rating in a report on Monday. Berenberg Bank initiated coverage on shares of ePlus in a report on Friday, November 16th. They issued a “buy” rating and a $96.00 price target for the company. Sidoti initiated coverage on shares of ePlus in a report on Monday, November 19th. They issued a “neutral” rating and a $86.00 price target for the company. Finally, BidaskClub raised shares of ePlus from a “sell” rating to a “hold” rating in a research note on Tuesday, January 1st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $99.00.

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About ePlus

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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Earnings History for ePlus (NASDAQ:PLUS)

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