Eros International PLC (NYSE:EROS) – Stock analysts at Jefferies Group cut their FY2019 earnings per share estimates for shares of Eros International in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings of $0.40 per share for the year, down from their previous estimate of $0.47. Jefferies Group has a “Buy” rating and a $17.00 price objective on the stock. Jefferies Group also issued estimates for Eros International’s FY2020 earnings at $0.54 EPS.

Eros International (NYSE:EROS) last released its earnings results on Friday, October 6th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $60.83 million during the quarter. Eros International had a net margin of 0.96% and a return on equity of 0.22%.

Several other equities research analysts have also recently commented on EROS. Zacks Investment Research raised Eros International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Wells Fargo & Company reissued an “outperform” rating on shares of Eros International in a research note on Wednesday, August 9th. BidaskClub raised Eros International from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, ValuEngine raised Eros International from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.00.

Eros International (NYSE EROS) traded up $0.15 during midday trading on Monday, hitting $12.75. The stock had a trading volume of 372,500 shares, compared to its average volume of 513,656. The firm has a market cap of $615.56, a PE ratio of 318.75, a P/E/G ratio of 4.25 and a beta of 0.57. Eros International has a one year low of $6.65 and a one year high of $17.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.44 and a quick ratio of 1.44.

Several institutional investors have recently made changes to their positions in EROS. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Eros International during the second quarter worth $28,711,000. SG Americas Securities LLC acquired a new position in Eros International in the third quarter valued at about $1,605,000. Van ECK Associates Corp grew its stake in Eros International by 31.4% in the second quarter. Van ECK Associates Corp now owns 273,294 shares of the company’s stock valued at $912,000 after acquiring an additional 65,253 shares during the period. State Street Corp grew its stake in Eros International by 7.1% in the second 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. Finally, Parametric Portfolio Associates LLC grew its stake in Eros International by 36.4% in the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock valued at $345,000 after acquiring an additional 8,041 shares during the period. 64.56% of the stock is owned by institutional investors and hedge funds.

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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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