Brokerages expect that Eros International PLC (NYSE:EROS) will announce earnings of ($0.03) per share for the current quarter, Zacks reports. Two analysts have made estimates for Eros International PLC’s earnings. Eros International PLC posted earnings of ($0.06) per share in the same quarter last year, which suggests a positive year over year growth rate of 50%. The business is scheduled to report its next quarterly earnings results before the market opens on Friday, October 6th.

According to Zacks, analysts expect that Eros International PLC will report full-year earnings of $0.21 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.22. For the next fiscal year, analysts forecast that the business will report earnings of $0.54 per share, with EPS estimates ranging from $0.41 to $0.74. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Eros International PLC.

Eros International PLC (NYSE:EROS) last released 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 PLC had a net margin of 0.20% and a return on equity of 0.03%. The business had revenue of $60.83 million for the quarter.

Several equities research analysts recently commented on EROS shares. Zacks Investment Research cut Eros International PLC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 10th. BidaskClub raised Eros International PLC from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Wells Fargo & Company reaffirmed an “outperform” rating and set a $17.00 price objective (up from $16.00) on shares of Eros International PLC in a research report on Monday, October 9th. ValuEngine raised Eros International PLC from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $15.00 price objective (down from $18.00) on shares of Eros International PLC in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.00.

Eros International PLC (NYSE EROS) traded down $0.20 during trading on Thursday, hitting $12.85. The company had a trading volume of 277,700 shares, compared to its average volume of 442,857. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 1.15. Eros International PLC has a 12 month low of $6.65 and a 12 month high of $18.10. The stock has a market capitalization of $620.39, a PE ratio of 1,285.00, a PEG ratio of 4.08 and a beta of 0.57.

A number of hedge funds have recently bought and sold shares of EROS. American International Group Inc. lifted its holdings in Eros International PLC by 7.1% in the first quarter. American International Group Inc. now owns 18,219 shares of the company’s stock valued at $188,000 after acquiring an additional 1,205 shares during the period. Boston Common Asset Management LLC lifted its holdings in Eros International PLC by 4.5% in the second quarter. Boston Common Asset Management LLC now owns 21,675 shares of the company’s stock valued at $248,000 after acquiring an additional 930 shares during the period. Tudor Investment Corp ET AL bought a new position in Eros International PLC in the first quarter valued at about $256,000. Parametric Portfolio Associates LLC lifted its holdings in Eros International PLC 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. Finally, Van ECK Associates Corp lifted its holdings in Eros International PLC 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. 54.60% of the stock is currently owned by institutional investors.

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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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