Positive News Coverage Somewhat Unlikely to Affect ePlus (PLUS) Share Price
News headlines about ePlus (NASDAQ:PLUS) have trended positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ePlus earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.9216416412361 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- ePlus Receives Gigamon Partner of the Year Award (finance.yahoo.com)
- ePlus (PLUS) Raised to Buy at Sidoti (americanbankingnews.com)
- Critical Analysis: Servicesource International (SREV) and ePlus (PLUS) (americanbankingnews.com)
- ePlus (PLUS) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS (americanbankingnews.com)
- EPlus posts 3Q profit (cnbc.com)
Several brokerages have recently issued reports on PLUS. Sidoti upgraded shares of ePlus from a “neutral” rating to a “buy” rating in a report on Friday. Stifel Nicolaus restated a “hold” rating and issued a $75.00 target price on shares of ePlus in a report on Tuesday, October 17th. Zacks Investment Research cut shares of ePlus from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Finally, BidaskClub cut shares of ePlus from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $84.50.
ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Wednesday, February 7th. The software maker reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.13. The business had revenue of $342.57 million for the quarter, compared to analysts’ expectations of $344.25 million. ePlus had a net margin of 4.01% and a return on equity of 15.06%. analysts predict that ePlus will post 4.08 earnings per share for the current fiscal year.
In related news, Director John E. Callies sold 1,200 shares of ePlus stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.35, for a total value of $96,420.00. Following the sale, the director now owns 11,154 shares in the company, valued at $896,223.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Elaine D. Marion sold 3,000 shares of ePlus stock in a transaction on Friday, January 19th. The shares were sold at an average price of $80.45, for a total transaction of $241,350.00. Following the completion of the sale, the chief financial officer now owns 74,568 shares in the company, valued at approximately $5,998,995.60. The disclosure for this sale can be found here. Insiders own 3.25% of the company’s stock.
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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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