Equities research analysts expect Eros International plc (NYSE:EROS) to report sales of $65.30 million for the current quarter, Zacks reports. Two analysts have issued estimates for Eros International’s earnings, with estimates ranging from $64.20 million to $66.40 million. Eros International posted sales of $57.35 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.9%. The company is scheduled to issue its next earnings report on Tuesday, February 20th.
On average, analysts expect that Eros International will report full year sales of $65.30 million for the current fiscal year, with estimates ranging from $257.40 million to $267.30 million. For the next year, analysts forecast that the company will post sales of $308.30 million per share, with estimates ranging from $306.50 million to $310.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Eros International.
Eros International (NYSE:EROS) last posted its quarterly earnings results on Wednesday, November 22nd. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). Eros International had a return on equity of 0.22% and a net margin of 0.96%.
Several equities analysts have recently issued reports on EROS shares. BidaskClub lowered Eros International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine lowered Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research lowered Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.00.
Large investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC raised its position in Eros International by 36.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock worth $345,000 after buying an additional 8,041 shares during the last quarter. SG Americas Securities LLC purchased a new position in Eros International in the 3rd quarter worth about $1,605,000. State Street Corp raised its position in Eros International by 7.1% in the 2nd quarter. State Street Corp now owns 524,135 shares of the company’s stock worth $6,002,000 after buying an additional 34,838 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its position in Eros International by 64.7% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 4,128,989 shares of the company’s stock worth $59,045,000 after buying an additional 1,621,460 shares during the last quarter. 60.19% of the stock is owned by institutional investors and hedge funds.
Eros International (NYSE:EROS) traded up $0.30 on Tuesday, hitting $12.25. The stock had a trading volume of 1,330,000 shares, compared to its average volume of 481,644. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.10. The stock has a market cap of $750.18, a price-to-earnings ratio of 408.33, a PEG ratio of 4.19 and a beta of 0.73. Eros International has a 12-month low of $6.65 and a 12-month high of $16.90.
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Eros International 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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