Alert: New Earnings Report (5/21/20)-ePlus Inc (NASDAQ: PLUS).

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ePlus Inc (NASDAQ: PLUS) has reported E.P.S. of $0.99 for its fourth fiscal quarter (ending March 31) versus $1.12 for the same period a year ago — a decline of -12%. E.P.S. were $5.18 for the latest four quarters through March 31 versus $4.70 for the same period a year ago — an increase of 10%.

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Recent Price Action

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ePlus Inc (NASDAQ: PLUS) stock closed at $76.08 on 5/21/20 after a very large increase of 6.2%. Moreover, this advance was accompanied by unusually high trading volume at 150% of normal. The stock has risen 16.1% during the last week and has performed in line with the market over the last nine months.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, PLUS is expected to continue to be a major Value Builder.

ePlus has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. ePlus has a neutral Appreciation Score of 47 and a slightly positive Power Rating of 61, triggering the High Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

About John Lafferty 77056 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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