Wall Street analysts expect Eros International PLC (NYSE:EROS) to report ($0.03) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Eros International PLC’s earnings. Eros International PLC posted earnings per share of ($0.06) in the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The business is expected to report its next quarterly earnings report before the market opens on Friday, October 6th.
On average, analysts expect that Eros International PLC will report full year earnings of $0.21 per share for the current financial year, with EPS estimates ranging from $0.20 to $0.22. For the next financial year, analysts forecast that the business will report earnings of $0.54 per share, with EPS estimates ranging from $0.41 to $0.74. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Eros International PLC.
Eros International PLC (NYSE:EROS) last posted its quarterly earnings data on Friday, October 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $60.83 million for the quarter. Eros International PLC had a return on equity of 0.03% and a net margin of 0.20%.
Several research analysts have weighed in on EROS shares. Zacks Investment Research cut Eros International PLC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 10th. BidaskClub upgraded Eros International PLC from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Wells Fargo & Company reiterated an “outperform” rating and set a $17.00 price objective (up previously from $16.00) on shares of Eros International PLC in a research report on Monday, October 9th. ValuEngine upgraded Eros International PLC from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $15.00 price objective (down previously from $18.00) on shares of Eros International PLC in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $17.00.
Several hedge funds and other institutional investors have recently modified their holdings of EROS. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Eros International PLC in the second quarter worth $28,711,000. SG Americas Securities LLC bought a new position in shares of Eros International PLC in the third quarter worth $1,605,000. Van ECK Associates Corp increased its position in shares of Eros International PLC by 31.4% in the second quarter. Van ECK Associates Corp now owns 273,294 shares of the company’s stock worth $912,000 after purchasing an additional 65,253 shares during the period. State Street Corp increased its position in shares of Eros International PLC by 7.1% in the second quarter. State Street Corp now owns 524,135 shares of the company’s stock worth $6,002,000 after purchasing an additional 34,838 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in shares of Eros International PLC in the first quarter worth $256,000. Institutional investors own 57.70% of the company’s stock.
Eros International PLC (NYSE EROS) traded up $0.05 during mid-day trading on Thursday, 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. The company has a market cap of $620.39, a PE ratio of 1,285.00, a price-to-earnings-growth ratio of 4.08 and a beta of 0.57. Eros International PLC has a 1 year low of $6.65 and a 1 year high of $18.00.
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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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