Analysts Set Expectations for Eros International plc’s FY2019 Earnings (EROS)
Eros International plc (NYSE:EROS) – Equities research analysts at Jefferies Group decreased their FY2019 earnings per share (EPS) estimates for Eros International in a note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the company will post earnings of $0.40 per share for the year, down from their previous forecast of $0.47. Jefferies Group currently has a “Buy” rating and a $17.00 price target on the stock. Jefferies Group also issued estimates for Eros International’s FY2020 earnings at $0.54 EPS.
EROS has been the topic of several other reports. Zacks Investment Research downgraded Eros International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 10th. BidaskClub raised Eros International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Wells Fargo & Company reissued an “outperform” rating and issued a $17.00 target price (up from $16.00) on shares of Eros International in a research report on Monday, October 9th. Finally, ValuEngine raised Eros International from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.00.
Eros International (NYSE EROS) traded down $0.65 during midday trading on Monday, hitting $10.75. The company had a trading volume of 641,323 shares, compared to its average volume of 516,891. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.44 and a current ratio of 1.44. Eros International has a 52-week low of $6.65 and a 52-week high of $17.30. The firm has a market cap of $566.79, a P/E ratio of 275.00, a price-to-earnings-growth ratio of 3.76 and a beta of 0.57.
Eros International (NYSE:EROS) last issued its quarterly earnings data on Friday, October 6th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Eros International had a net margin of 2.96% and a negative return on equity of 0.66%. The business had revenue of $60.83 million for the quarter.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of Eros International in the 3rd quarter valued at $1,605,000. Gilder Gagnon Howe & Co. LLC increased its position in shares of 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 valued at $59,045,000 after acquiring an additional 1,621,460 shares during the period. State Street Corp increased its position in shares of Eros International by 7.1% in the 2nd quarter. State Street Corp now owns 524,135 shares of the company’s stock valued at $6,002,000 after acquiring an additional 34,838 shares during the period. Boston Common Asset Management LLC grew its position in Eros International by 4.5% during the 2nd 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 period. Finally, Parametric Portfolio Associates LLC grew its position in Eros International by 36.4% during the 2nd 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 period. 64.56% of the stock is currently owned by hedge funds and other institutional investors.
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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