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In a challenging market environment, ePlus Inc . (NASDAQ:PLUS) stock has reached its 52-week low, trading at $67.06. According to InvestingPro data, the company maintains a "GOOD" overall financial health score, with strong liquidity metrics and a solid balance sheet. This price level reflects a significant downturn for the technology solutions provider, as investors navigate through a period marked by economic uncertainty and shifting industry dynamics. While the stock has declined 26.56% over the past six months, ePlus maintains strong fundamentals with a healthy current ratio of 1.83 and more cash than debt on its balance sheet. The company’s robust free cash flow yield and analyst price target of $81 suggest potential upside opportunity. Despite the broader tech sector’s volatility, ePlus’s dip to a 52-week low could attract investors looking for potential bargains in a recovering market. With a P/E ratio of 17.13 and positive earnings forecasts, detailed analysis of ePlus and over 1,400 other stocks is available through InvestingPro’s comprehensive research reports.
In other recent news, ePlus reported its financial results for the fourth quarter of 2024, missing both earnings and revenue forecasts. The company’s earnings per share came in at $1.06, below the anticipated $1.46, while revenue reached $511 million against a forecast of $566.3 million. Despite a slight increase in consolidated net sales, ePlus experienced a decline in net earnings to $24.1 million, or $0.91 per share, compared to the previous year’s $27.3 million, or $1.02 per share. The company did, however, see significant growth in services revenue, which increased by 52% year-over-year to $114 million. ePlus has also launched new AI programs, indicating a focus on innovation within its product lineup. Looking ahead, the company projects fiscal 2025 revenue between $2.070 billion and $2.110 billion, with adjusted EBITDA forecasted at $165 million to $171 million. The company anticipates continued softness in product sales but expects improvement in the first quarter of the next fiscal year. Additionally, the acquisition of Bailiwick has been highlighted as integrating well, contributing to organic managed services revenue growth of 28% year-over-year.
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