Analysts Set Expectations for ePlus Q2 Earnings

ePlus inc. (NASDAQ:PLUS) – Equities research analysts at Sidoti issued their Q2 2028 earnings per share (EPS) estimates for shares of ePlus in a research note issued to investors on Friday, August 28th. Sidoti analyst G. Burns anticipates that the software maker will post earnings of $1.39 per share for the quarter. The consensus estimate for ePlus’ current full-year earnings is $4.86 per share.

Several other research firms have also recently commented on PLUS. Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a research note on Friday, July 10th. Zacks Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, ePlus has a consensus rating of “Hold”.

ePlus Stock Up 0.8%

Shares of NASDAQ PLUS opened at $87.97 on Monday. The stock has a market cap of $2.30 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.12 and a beta of 1.00. The firm’s 50-day simple moving average is $87.32 and its 200 day simple moving average is $83.51. ePlus has a fifty-two week low of $69.07 and a fifty-two week high of $98.14.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.09. The company had revenue of $649.11 million during the quarter, compared to analysts’ expectations of $639.95 million. ePlus had a return on equity of 11.51% and a net margin of 4.91%.

Institutional Trading of ePlus

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in ePlus during the second quarter worth approximately $337,929,000. California State Teachers Retirement System increased its holdings in shares of ePlus by 9,988.3% in the second quarter. California State Teachers Retirement System now owns 2,505,223 shares of the software maker’s stock valued at $208,510,000 after buying an additional 2,480,390 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of ePlus by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 2,453,215 shares of the software maker’s stock valued at $215,147,000 after acquiring an additional 8,146 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of ePlus by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock valued at $98,604,000 after acquiring an additional 48,158 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of ePlus by 0.9% during the 2nd quarter. State Street Corp now owns 1,019,061 shares of the software maker’s stock worth $73,474,000 after acquiring an additional 8,956 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors.

Insider Activity at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,514 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $96.41, for a total value of $531,604.74. Following the completion of the sale, the chief financial officer directly owned 84,259 shares of the company’s stock, valued at approximately $8,123,410.19. This represents a 6.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John E. Callies sold 500 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $88.09, for a total transaction of $44,045.00. Following the transaction, the director owned 20,648 shares of the company’s stock, valued at approximately $1,818,882.32. This trade represents a 2.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 13,700 shares of company stock valued at $1,301,128 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

ePlus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.08 annualized dividend and a yield of 1.2%. ePlus’s dividend payout ratio (DPR) is currently 23.63%.

ePlus Company Profile

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.