Analysts Set Expectations for ePlus Q2 Earnings

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

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

ePlus Trading Down 1.6%

Shares of NASDAQ:PLUS opened at $86.58 on Monday. The stock has a fifty day simple moving average of $87.47 and a two-hundred day simple moving average of $83.53. ePlus has a 12-month low of $69.07 and a 12-month high of $98.14. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.13 and a beta of 0.97.

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

ePlus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th will be given 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 dividend yield of 1.2%. ePlus’s dividend payout ratio (DPR) is 23.63%.

Insider Buying and Selling

In related news, CFO Elaine D. Marion sold 5,514 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 84,259 shares in the company, valued at $8,123,410.19. The trade was a 6.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John E. Callies sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $88.09, for a total value of $44,045.00. Following the completion of the transaction, the director directly owned 20,648 shares in the company, valued at $1,818,882.32. This trade represents a 2.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,700 shares of company stock worth $1,301,128 in the last three months. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. boosted its position in shares of ePlus by 361.9% during the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after buying an additional 351 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in ePlus in the 2nd quarter worth about $51,000. Kestra Advisory Services LLC purchased a new position in ePlus in the 4th quarter worth about $108,000. US Bancorp DE raised its position in ePlus by 856.4% in the 3rd quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock worth $123,000 after buying an additional 1,550 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in ePlus during the 4th quarter valued at about $138,000. 93.80% of the stock is owned by institutional investors.

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.