ePlus (NASDAQ:PLUS) Releases Quarterly Earnings Results, Misses Estimates By $0.37 EPS

ePlus (NASDAQ:PLUS) issued its earnings results on Wednesday. The software maker reported $0.91 EPS 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, hitting $80.93. 288,865 shares of the company’s stock traded hands, compared to its average volume of 184,269. The firm has a fifty day moving average of $77.83 and a 200 day moving average of $87.00. The stock has a market capitalization 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. ePlus has a 1 year low of $56.33 and a 1 year high of $106.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 1.85.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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.