ePlus (NASDAQ:PLUS) Issues Earnings Results

ePlus (NASDAQ:PLUS) released its quarterly earnings results on Wednesday. The software maker reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37), Zacks reports. ePlus had a net margin of 5.08% and a return on equity of 11.83%.

ePlus Price Performance

Shares of PLUS stock traded up $0.72 during trading hours on Wednesday, hitting $80.93. 288,865 shares of the company’s stock were exchanged, compared to its average volume of 184,269. ePlus has a 52 week low of $56.33 and a 52 week high of $106.98. The stock’s 50-day moving average is $77.83 and its 200-day moving average is $87.00. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.71.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

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.