Analysts forecast that Eros International plc (NYSE:EROS) will announce sales of $71.65 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Eros International’s earnings, with the lowest sales estimate coming in at $64.00 million and the highest estimate coming in at $79.30 million. Eros International reported sales of $52.68 million during the same quarter last year, which indicates a positive year-over-year growth rate of 36%. The business is expected to announce its next quarterly earnings report on Friday, July 27th.
According to Zacks, analysts expect that Eros International will report full year sales of $71.65 million for the current fiscal year, with estimates ranging from $253.20 million to $268.60 million. For the next year, analysts anticipate that the firm will post sales of $326.00 million per share, with estimates ranging from $300.30 million to $351.70 million. Zacks’ sales calculations are an average based on a survey of research analysts that follow Eros International.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Eros International from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. TheStreet upgraded Eros International from a “d+” rating to a “c-” rating in a research note on Monday, February 26th. Finally, ValuEngine lowered Eros International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $17.00.
Shares of Eros International (NYSE:EROS) traded up $0.05 during trading hours on Monday, hitting $13.20. The company had a trading volume of 277,755 shares, compared to its average volume of 467,964. Eros International has a 1-year low of $6.65 and a 1-year high of $16.90. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.10. The stock has a market cap of $682.72, a P/E ratio of -73.19 and a beta of 0.53.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Eros International during the 3rd quarter valued at approximately $1,605,000. Gilder Gagnon Howe & Co. LLC grew its stake in Eros International by 64.7% during 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 purchasing an additional 1,621,460 shares in the last quarter. State Street Corp grew its stake in Eros International by 7.1% during the 2nd quarter. State Street Corp now owns 524,135 shares of the company’s stock valued at $6,002,000 after purchasing an additional 34,838 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Eros International by 36.4% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 59.71% of the company’s stock.
About Eros International
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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