Equities research analysts expect Eros International PLC (NYSE:EROS) to announce $52.35 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Eros International PLC’s earnings. The lowest sales estimate is $49.20 million and the highest is $55.50 million. Eros International PLC posted sales of $71.10 million during the same quarter last year, which suggests a negative year-over-year growth rate of 26.4%. The firm is scheduled to announce its next quarterly earnings results on Friday, September 15th.
On average, analysts expect that Eros International PLC will report full year sales of $52.35 million for the current fiscal year, with estimates ranging from $283.20 million to $297.70 million. For the next financial year, analysts forecast that the business will post sales of $354.00 million per share, with estimates ranging from $338.50 million to $369.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Eros International PLC.
Several equities analysts have recently commented on the stock. Wells Fargo & Company reissued an “outperform” rating on shares of Eros International PLC in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Eros International PLC from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub downgraded shares of Eros International PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and issued a $18.00 target price on shares of Eros International PLC in a report on Friday, July 14th. Finally, TheStreet downgraded shares of Eros International PLC from a “c” rating to a “d+” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $14.33.
Eros International PLC (NYSE:EROS) opened at 13.30 on Friday. Eros International PLC has a one year low of $6.65 and a one year high of $18.85. The company has a market cap of $790.51 million, a price-to-earnings ratio of 260.78 and a beta of 0.50. The stock has a 50 day moving average of $9.67 and a 200-day moving average of $10.43.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its position in 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 last quarter. Boston Common Asset Management LLC increased its position in 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 worth $248,000 after purchasing an additional 930 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Eros International PLC by 36.4% in the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock worth $345,000 after purchasing an additional 8,041 shares during the last quarter. Van ECK Associates Corp increased its position in 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 last quarter. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in Eros International PLC in the second quarter worth $28,711,000. Institutional investors own 63.94% of the company’s stock.
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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