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

ePlus (NASDAQ:PLUS) issued its quarterly earnings results on Wednesday. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate 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 PLUS stock traded up $0.72 during mid-day trading on Wednesday, reaching $80.93. The stock had a trading volume of 288,908 shares, compared to its average volume of 184,269. The firm has a market cap of $2.17 billion, a PE ratio of 20.08, a P/E/G ratio of 1.82 and a beta of 1.10. The firm’s 50 day simple moving average is $77.83 and its 200 day simple moving average is $87.00. ePlus has a one year low of $56.33 and a one year high of $106.98. The company has a quick ratio of 1.71, a current ratio of 1.85 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

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

About ePlus

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.