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

Brokerages expect that ePlus (NASDAQ:PLUS) will report $352.50 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for ePlus’ earnings, with the lowest sales estimate coming in at $349.20 million and the highest estimate coming in at $355.80 million. ePlus reported sales of $332.77 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The business is expected to announce its next earnings report 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 financial year, analysts anticipate that the firm will report sales of $1.52 billion per share, with estimates ranging from $1.52 billion to $1.53 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover ePlus.

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



PLUS has been the subject of several analyst reports. BidaskClub upgraded ePlus from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research upgraded ePlus from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Tuesday, February 13th. Finally, Sidoti upgraded ePlus from a “neutral” rating to a “buy” rating in a research note on Friday, February 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ePlus currently has a consensus rating of “Buy” and an average target price of $78.00.

ePlus stock traded down $2.15 during trading on Monday, hitting $75.55. The company’s stock had a trading volume of 88,525 shares, compared to its average volume of 100,157. The firm has a market capitalization of $1,083.81, a P/E ratio of 20.20 and a beta of 1.15. ePlus has a 1-year low of $63.76 and a 1-year high of $97.75. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01.

In other ePlus news, Director Lawrence S. Herman sold 500 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $74.47, for a total transaction of $37,235.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elaine D. Marion sold 3,000 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $80.45, for a total value of $241,350.00. Following the sale, the chief financial officer now 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 90 days. 3.25% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its stake in ePlus by 16.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,625 shares of the software maker’s stock worth $649,000 after acquiring an additional 1,226 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in ePlus during the fourth quarter worth about $470,000. Millennium Management LLC acquired a new stake in ePlus during the fourth quarter worth about $1,151,000. Cornerstone Capital Management Holdings LLC. increased its stake in ePlus by 262.2% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 12,800 shares of the software maker’s stock worth $962,000 after acquiring an additional 9,266 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in ePlus by 23.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 42,214 shares of the software maker’s stock worth $3,174,000 after acquiring an additional 8,084 shares during the last quarter. Institutional investors own 91.32% of the company’s stock.

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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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