Wall Street brokerages predict that Eros International PLC (NYSE:EROS) will post sales of $52.05 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Eros International PLC’s earnings, with the highest sales estimate coming in at $58.90 million and the lowest estimate coming in at $45.20 million. Eros International PLC posted sales of $71.88 million during the same quarter last year, which would indicate a negative year over year growth rate of 27.6%. The business is scheduled to announce its next quarterly earnings report before the market opens on Friday, October 6th.
According to Zacks, analysts expect that Eros International PLC will report full-year sales of $52.05 million for the current year, with estimates ranging from $253.10 million to $294.70 million. For the next year, analysts expect that the firm will report sales of $335.00 million per share, with estimates ranging from $305.30 million to $364.70 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Eros International PLC.
Eros International PLC (NYSE:EROS) last issued its earnings results on Friday, October 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). Eros International PLC had a return on equity of 0.03% and a net margin of 0.20%. The firm had revenue of $60.83 million during the quarter.
Several equities research analysts have weighed in on EROS shares. Jefferies Group LLC reissued a “buy” rating and set a $15.00 price objective (down from $18.00) on shares of Eros International PLC in a research note on Monday, July 31st. TheStreet cut Eros International PLC from a “c” rating to a “d+” rating in a research note on Friday, July 28th. BidaskClub cut Eros International PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $17.00 target price (up previously from $16.00) on shares of Eros International PLC in a research note on Monday, October 9th. Finally, Zacks Investment Research cut Eros International PLC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. boosted its holdings in shares of Eros International PLC by 7.1% in the first quarter. American International Group Inc. now owns 18,219 shares of the company’s stock valued at $188,000 after purchasing an additional 1,205 shares during the period. Boston Common Asset Management LLC boosted its holdings in shares of Eros International PLC by 4.5% in the second quarter. Boston Common Asset Management LLC now owns 21,675 shares of the company’s stock valued at $248,000 after purchasing an additional 930 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of Eros International PLC in the first quarter valued at approximately $256,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Eros International PLC by 36.4% in the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock valued at $345,000 after purchasing an additional 8,041 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Eros International PLC in the third quarter valued at approximately $1,605,000. 57.70% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Eros International PLC (NYSE:EROS) traded up $0.05 during midday trading on Friday, reaching $12.90. The company’s stock had a trading volume of 314,900 shares, compared to its average volume of 515,100. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.10. Eros International PLC has a 52 week low of $6.65 and a 52 week high of $18.00. The company has a market capitalization of $620.39, a PE ratio of 1,285.00, a P/E/G ratio of 4.08 and a beta of 0.57.
Eros International PLC Company Profile
Eros International Plc (Eros) is a holding company, which serves the Indian film entertainment industry. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now.
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