Wall Street brokerages expect Eros International plc (NYSE:EROS) to post sales of $65.30 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Eros International’s earnings. The lowest sales estimate is $64.20 million and the highest is $66.40 million. Eros International reported sales of $57.35 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.9%. The firm is expected to report its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Eros International will report full-year sales of $65.30 million for the current year, with estimates ranging from $257.40 million to $267.30 million. For the next year, analysts anticipate that the company will post sales of $308.30 million per share, with estimates ranging from $306.50 million to $310.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Eros International.

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

Several research firms recently commented on EROS. Zacks Investment Research lowered Eros International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 10th. ValuEngine upgraded Eros International from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Wells Fargo & Co reiterated an “outperform” rating and issued a $17.00 target price (up from $16.00) on shares of Eros International in a research note on Monday, October 9th. Jefferies Group reiterated a “buy” rating and issued a $17.00 target price (up from $15.00) on shares of Eros International in a research note on Monday, October 9th. Finally, BidaskClub lowered Eros International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. 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 (EROS) traded down $0.15 during trading on Thursday, reaching $10.30. The company had a trading volume of 445,800 shares, compared to its average volume of 502,700. The firm has a market capitalization of $538.45, a price-to-earnings ratio of 257.56, a P/E/G ratio of 3.57 and a beta of 0.56. Eros International has a 52-week low of $6.65 and a 52-week high of $16.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.44 and a quick ratio of 1.44.

A number of large investors have recently made changes to their positions in EROS. Van ECK Associates Corp increased its stake in Eros International by 31.4% during the second quarter. Van ECK Associates Corp now owns 273,294 shares of the company’s stock worth $912,000 after acquiring an additional 65,253 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Eros International by 36.4% during the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock worth $345,000 after acquiring an additional 8,041 shares during the last quarter. Boston Common Asset Management LLC increased its stake in Eros International by 4.5% during the second quarter. Boston Common Asset Management LLC now owns 21,675 shares of the company’s stock worth $248,000 after acquiring an additional 930 shares during the last quarter. State Street Corp increased its stake in Eros International by 7.1% during the second quarter. State Street Corp now owns 524,135 shares of the company’s stock worth $6,002,000 after acquiring an additional 34,838 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in Eros International by 64.7% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 4,128,989 shares of the company’s stock worth $59,045,000 after acquiring an additional 1,621,460 shares during the last quarter. Institutional investors own 60.49% of the company’s stock.

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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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