ePlus (NASDAQ:PLUS) Posts Earnings Results, Misses Expectations By $0.37 EPS

ePlus (NASDAQ:PLUS) posted its 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 return on equity of 11.83% and a net margin of 5.08%.

ePlus Stock Performance

Shares of NASDAQ PLUS traded up $0.72 during midday trading on Wednesday, reaching $80.93. The company’s stock had a trading volume of 288,908 shares, compared to its average volume of 184,269. The firm has a 50 day moving average price of $77.83 and a 200-day moving average price of $87.00. The stock has a market capitalization of $2.17 billion, a P/E ratio of 20.08, a PEG ratio of 1.82 and a beta of 1.10. ePlus has a 12-month low of $56.33 and a 12-month high of $106.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.71.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of ePlus from a “buy” rating to a “hold” rating in a 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.