Sidoti Csr Issues Pessimistic Estimate for ePlus Earnings

ePlus inc. (NASDAQ:PLUS - Free Report) - Analysts at Sidoti Csr dropped their Q2 2027 EPS estimates for ePlus in a report released on Tuesday, June 24th. Sidoti Csr analyst G. Burns now forecasts that the software maker will post earnings of $1.10 per share for the quarter, down from their previous 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.

Separately, Wall Street Zen upgraded shares of ePlus from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th.

ePlus Stock Performance

Shares of ePlus stock traded up $0.08 during trading hours on Wednesday, hitting $73.18. 191,966 shares of the company's stock traded hands, compared to its average volume of 207,899. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.80 and a beta of 1.15. ePlus has a 12-month low of $53.83 and a 12-month high of $106.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.71 and a quick ratio of 1.56. The company has a fifty day simple moving average of $67.12 and a 200-day simple moving average of $68.98.

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

Institutional Investors Weigh In On ePlus

Several large investors have recently modified their holdings of the stock. Versor Investments LP bought a new position in ePlus during the fourth quarter valued at $318,000. KLP Kapitalforvaltning AS bought a new position in shares of ePlus during the 4th quarter worth $384,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in ePlus by 18.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,660 shares of the software maker's stock worth $5,294,000 after acquiring an additional 11,193 shares during the last quarter. Principal Financial Group Inc. raised its stake in ePlus by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker's stock valued at $10,155,000 after acquiring an additional 4,425 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in ePlus during the first quarter valued at about $968,000. Hedge funds and other institutional investors own 93.80% of the company's stock.

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.