ePlus Inc (PLUS) released its fourth quarter results on Friday, May 21, 2021. The company reported net earnings of $1.16 per share for the fourth quarter ending March 31, 2021. Earnings for this past quarter were up 17 percent compared to the same period a year ago.
ePlus inc. was founded in 1990 and is headquartered in Herndon, Virginia. ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing.
ePlus' revenue decreased 1 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 27.76% for the fourth quarter compared to the same period in the previous year, and operating margins increased to 6.92% over the same period. Net earnings for past trailing twelve months were $74.4 million, up 8% from the prior year.
Moving on to the balance sheet, ePlus' cash levels jumped 49% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 0.52% this past year. The current ratio for ePlus now stands at 1.63. The company increased shares outstanding by 0.02%.
Shares of PLUS are currently trading around $92.68. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 16.68 and price to book ratio of 2.21.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Saturday, May 22, 2021.