Last $61.07 USD
Change Today +0.39 / 0.64%
Volume 48.3K
As of 8:10 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

eplus inc (PLUS) Snapshot

Open
$61.65
Previous Close
$60.68
Day High
$61.65
Day Low
$60.65
52 Week High
04/22/14 - $61.76
52 Week Low
11/18/13 - $47.49
Market Cap
458.2M
Average Volume 10 Days
27.3K
EPS TTM
$4.84
Shares Outstanding
7.5M
EX-Date
12/13/12
P/E TM
12.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for EPLUS INC (PLUS)

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eplus inc (PLUS) Details

ePlus inc., through its subsidiaries, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments: Technology and Financing. The Technology segment is engaged in the direct marketing and resale of various IT products, including hardware, software, software assurance, and third party services and maintenance; and offers advanced professional and managed services, such as data center solutions, network services, security and wireless solution services, managed services, staff augmentation services, server and desktop support, professional services, business intelligence and data management services, and project management services. This segment offers OneSource proprietary software products, including order-entry and order-management software, procurement, asset management that encompasses vendor maintenance management, document management and distribution software, and electronic catalog content management software and services. The Financing segment provides direct financing, sales-type and operating leases, and notes receivables; and underwrites and manages IT equipment and assets. Its financing operations include sales, pricing, credit, contracts, accounting, risk management, and asset management. This segment primarily finances IT equipment comprising accessories and software, communication-related equipment, and medical equipment. The company serves commercial entities, state and local governments, and government contractors. The company was formerly known as MLC Holdings, Inc. and changed its name to ePlus inc. in 1999. ePlus inc. was founded in 1990 and is headquartered in Herndon, Virginia.

913 Employees
Last Reported Date: 06/4/14
Founded in 1990

eplus inc (PLUS) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $627.5K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $393.8K
Chief Operating Officer, Senior Vice Presiden...
Total Annual Compensation: $468.8K
Senior Vice President of Business Operations
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2014.

eplus inc (PLUS) Key Developments

ePlus inc. Announces Board Changes

ePlus inc. announced that Mr. Gus Hunt, the former chief technology officer (CTO) of the Central Intelligence Agency (CIA), has been elected as a new member to its Board of Directors. The Board has determined that Mr. Hunt is an independent director within the meaning of Nasdaq rules. Mr. Hunt will replace Mr. Milt Cooper, an ePlus director since 2003, who is retiring. Mr. Hunt is currently president and CEO of Hunt Technology, LLC.

ePlus inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Provides Revenue Guidance for the Fiscal Year 2015

ePlus inc. announced unaudited consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported total revenues increased 6.0% to USD 272,304,000 compared to USD 259,317,000 in the quarter ended June 30, 2012. Net earnings were USD 9,477,000 against USD 7,850,000 a year ago. Diluted earnings per common share were USD 1.25 per share compared to USD 0.97 per share a year ago. Earnings before provision for income taxes was USD 16,176,000 compared to USD 13,353,000 for the same period a year ago. Operating income was USD 14,742,000 compared to USD 13,353,000 for the same period a year ago. Non-GAAP earnings before provision for income taxes was USD 14,742,000 compared to USD 13,353,000 for the same period a year ago. Non-GAAP net earnings were USD 8,637,000 compared to USD 7,850,000 for the same period a year ago. Non-GAAP net earnings per common share –diluted were USD 1.14 compared to USD 0.97 for the same period a year ago. First quarter revenues increased 5% on a year-over-year basis, led by a 6% increase in products and services revenues from its technology segment, which accounted for 97% of its business this quarter. Non-GAAP diluted EPS increased 17.5% to USD 1.14, benefiting from the solid operating and financial performance of the quarter, as well as a 5.3% reduction in the weighted average shares outstanding. Operating income increased 10.4% after absorbing a 6% increase in operating expenses, resulting primarily from a 4.1% increase in headcount and higher compensation related to its growth in gross profit. For the year fiscal 2015, the company believes that it should continue to grow revenues at a faster pace than the industry average and continue to achieve year-over-year growth in services revenues.

ePlus Seeks Acquisitions

ePlus inc. (NasdaqGS:PLUS) is seeking acquisitions. Phillip G. Norton, Chief Executive Officer of ePlus said, “ePlus balance sheet remains strong, with cash and cash equivalents of $66.9 million at the end of the 2015 first quarter, and unfunded portfolio assets. This provides the financial resources and flexibility to take advantage of accretive organic and acquisition investment opportunities as they develop."

 

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Industry Analysis

PLUS

Industry Average

Valuation PLUS Industry Range
Price/Earnings 13.0x
Price/Sales 0.4x
Price/Book 1.8x
Price/Cash Flow 12.2x
TEV/Sales 0.2x
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