Equities Analysts Issue Forecasts for ePlus Q2 Earnings

ePlus inc. (NASDAQ:PLUS - Free Report) - Investment analysts at Sidoti Csr dropped their Q2 2027 earnings per share (EPS) estimates for ePlus in a research report issued to clients and investors on Tuesday, June 24th. Sidoti Csr analyst G. Burns now anticipates that the software maker will post earnings per share of $1.10 for the quarter, down from their prior estimate of $1.24. The consensus estimate for ePlus' current full-year earnings is $3.78 per share. Sidoti Csr also issued estimates for ePlus' Q3 2027 earnings at $1.10 EPS.

ePlus (NASDAQ:PLUS - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The company had revenue of $498.11 million for the quarter, compared to analysts' expectations of $523.85 million. ePlus had a return on equity of 11.34% and a net margin of 5.22%.

Separately, Wall Street Zen cut ePlus from a "buy" rating to a "hold" rating in a research note on Friday.

ePlus Stock Up 0.0%

Shares of PLUS traded up $0.03 during midday trading on Wednesday, reaching $73.21. 745,175 shares of the company were exchanged, compared to its average volume of 173,624. The stock has a 50-day moving average price of $67.68 and a 200-day moving average price of $68.90. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.85 and a beta of 1.15. ePlus has a 1-year low of $53.83 and a 1-year high of $106.98. The company has a current ratio of 1.71, a quick ratio of 1.56 and a debt-to-equity ratio of 0.01.

Institutional Trading of ePlus

Hedge funds and other institutional investors have recently modified their holdings of the business. Swedbank AB increased its holdings in ePlus by 116.7% in the first quarter. Swedbank AB now owns 325,000 shares of the software maker's stock valued at $19,835,000 after buying an additional 175,000 shares during the last quarter. Voya Investment Management LLC increased its holdings in ePlus by 40.8% in the first quarter. Voya Investment Management LLC now owns 31,757 shares of the software maker's stock valued at $1,938,000 after buying an additional 9,197 shares during the last quarter. Inspire Investing LLC increased its holdings in ePlus by 10.4% in the first quarter. Inspire Investing LLC now owns 6,505 shares of the software maker's stock valued at $397,000 after buying an additional 613 shares during the last quarter. Strs Ohio bought a new stake in ePlus in the first quarter valued at about $726,000. Finally, Jane Street Group LLC increased its holdings in ePlus by 1,986.6% in the first quarter. Jane Street Group LLC now owns 103,348 shares of the software maker's stock valued at $6,307,000 after buying an additional 98,395 shares during the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.