Analysts Expect Eros International PLC (EROS) Will Announce Quarterly Sales of $52.35 Million
Equities research analysts forecast that Eros International PLC (NYSE:EROS) will report $52.35 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Eros International PLC’s earnings, with the highest sales estimate coming in at $55.50 million and the lowest estimate coming in at $49.20 million. Eros International PLC reported sales of $71.10 million during the same quarter last year, which would suggest a negative year over year growth rate of 26.4%. The firm is scheduled to announce its next earnings report on Friday, September 15th.
According to Zacks, 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 expect 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 calculations are an average based on a survey of analysts that follow Eros International PLC.
A number of equities analysts recently commented on EROS shares. ValuEngine lowered shares of Eros International PLC from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Eros International PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of Eros International PLC in a research report on Friday, July 14th. BidaskClub lowered shares of Eros International PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, TheStreet lowered shares of Eros International PLC from a “c” rating to a “d+” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $14.33.
A number of hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in Eros International PLC 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 buying an additional 34,838 shares during the period. Boston Common Asset Management LLC increased its holdings in Eros International PLC by 4.5% in the 2nd quarter. Boston Common Asset Management LLC now owns 21,675 shares of the company’s stock valued at $248,000 after buying an additional 930 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Eros International PLC by 36.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock valued at $345,000 after buying an additional 8,041 shares during the period. Van ECK Associates Corp increased its holdings in Eros International PLC by 31.4% in the 2nd quarter. Van ECK Associates Corp now owns 273,294 shares of the company’s stock valued at $912,000 after buying an additional 65,253 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in Eros International PLC in the 2nd quarter valued at about $28,711,000. 56.35% of the stock is currently owned by hedge funds and other institutional investors.
Eros International PLC (NYSE:EROS) traded up 10.57% during mid-day trading on Friday, reaching $14.65. 1,184,733 shares of the company were exchanged. The company’s 50 day moving average price is $9.78 and its 200-day moving average price is $10.44. Eros International PLC has a 12-month low of $6.65 and a 12-month high of $18.85. The stock has a market capitalization of $870.75 million, a price-to-earnings ratio of 287.25 and a beta of 0.50.
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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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