Eros International PLC (NYSE:EROS) Given Consensus Rating of “Hold” by Analysts
Shares of Eros International PLC (NYSE:EROS) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the firm. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $17.61.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Eros International PLC from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, August 30th. Bank of America Corp. reaffirmed a “hold” rating on shares of Eros International PLC in a research note on Thursday, August 25th. Jefferies Group upped their price objective on Eros International PLC from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, September 12th. Finally, Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $15.00 price objective on shares of Eros International PLC in a research note on Thursday.
Large investors have recently bought and sold shares of the company. American International Group Inc. increased its stake in shares of Eros International PLC by 2.8% in the second quarter. American International Group Inc. now owns 17,032 shares of the company’s stock worth $277,000 after buying an additional 466 shares during the period. Nationwide Fund Advisors increased its stake in shares of Eros International PLC by 4.8% in the second quarter. Nationwide Fund Advisors now owns 19,293 shares of the company’s stock worth $314,000 after buying an additional 878 shares during the period. Geode Capital Management LLC increased its stake in shares of Eros International PLC by 7.2% in the first quarter. Geode Capital Management LLC now owns 29,695 shares of the company’s stock worth $341,000 after buying an additional 1,994 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Eros International PLC during the second quarter worth about $359,000. Finally, Gabelli Funds LLC increased its stake in shares of Eros International PLC by 270.8% in the second quarter. Gabelli Funds LLC now owns 44,500 shares of the company’s stock worth $724,000 after buying an additional 32,500 shares during the period. Institutional investors own 67.51% of the company’s stock.
Eros International PLC (NYSE:EROS) traded down 0.18% during trading on Friday, reaching $16.21. The company had a trading volume of 74,540 shares. Eros International PLC has a one year low of $5.59 and a one year high of $33.09. The firm’s 50 day moving average is $17.02 and its 200 day moving average is $14.50. The company has a market capitalization of $940.15 million, a PE ratio of 200.12 and a beta of 1.00.
Eros International PLC (NYSE:EROS) last released its quarterly earnings data on Friday, September 9th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.08. The business earned $71.10 million during the quarter. Eros International PLC had a return on equity of 0.69% and a net margin of 1.88%. The firm’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same period last year, the business posted $0.02 earnings per share. On average, equities research analysts predict that Eros International PLC will post $0.49 earnings per share for the current year.
About Eros International PLC
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.
Receive News & Ratings for Eros International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eros International PLC and related companies with MarketBeat.com's FREE daily email newsletter.