Eros International PLC (EROS) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Eros International PLC (NYSE:EROS) issued its earnings results on Friday. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), MarketWatch Earnings reports. Eros International PLC had a return on equity of 0.41% and a net margin of 1.50%.
Shares of Eros International PLC (NYSE:EROS) traded down 4.59% during midday trading on Friday, hitting $14.55. 420,311 shares of the stock were exchanged. Eros International PLC has a 52-week low of $6.65 and a 52-week high of $18.85. The stock has a market cap of $864.81 million, a P/E ratio of 285.29 and a beta of 0.64. The firm’s 50 day moving average price is $11.98 and its 200-day moving average price is $10.79.
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EROS has been the subject of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and set a $15.00 target price (down previously from $18.00) on shares of Eros International PLC in a research report on Monday, July 31st. TheStreet lowered shares of Eros International PLC from a “c” rating to a “d+” rating in a research report on Friday, July 28th. BidaskClub lowered shares of Eros International PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Eros International PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, ValuEngine upgraded shares of Eros International PLC from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.
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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