Eros International (EROS) Downgraded by ValuEngine

Eros International (NYSE:EROS) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. TheStreet upgraded shares of Eros International from a “d+” rating to a “c-” rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $17.00.

EROS stock opened at $10.95 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $600.28, a PE ratio of 219.00, a P/E/G ratio of 1.65 and a beta of 0.67. Eros International has a twelve month low of $6.65 and a twelve month high of $16.90.

Eros International (NYSE:EROS) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.05). The company had revenue of $65.19 million during the quarter, compared to analyst estimates of $65.30 million. Eros International had a negative net margin of 2.33% and a positive return on equity of 0.40%. analysts expect that Eros International will post -0.01 earnings per share for the current fiscal year.

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Eros International Company Profile

Eros International Plc, together with its subsidiaries, co-produces, acquires, and distributes Indian films in various formats worldwide. The company distributes its film content through various distribution channels, such as theatrical, which includes multiplex chains and stand-alone theaters; television syndication that comprises satellite television broadcasting, cable television, and terrestrial television; and digital and ancillary that includes music, inflight entertainment, home video, Internet protocol television, video on demand, and Internet channels, as well as Eros Now online entertainment service.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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