Brokerages Anticipate Eros International PLC (EROS) Will Announce Quarterly Sales of $52.05 Million
Equities research analysts expect Eros International PLC (NYSE:EROS) to post $52.05 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Eros International PLC’s earnings, with the lowest sales estimate coming in at $45.20 million and the highest estimate coming in at $58.90 million. Eros International PLC reported sales of $71.88 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 27.6%. The business is expected to announce its next earnings report before the market opens on Friday, October 6th.
On average, analysts expect that Eros International PLC will report full-year sales of $52.05 million for the current fiscal year, with estimates ranging from $253.10 million to $294.70 million. For the next year, analysts anticipate that the business will post sales of $335.00 million per share, with estimates ranging from $305.30 million to $364.70 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Eros International PLC.
Eros International PLC (NYSE:EROS) last announced its quarterly earnings results on Friday, October 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $60.83 million during the quarter. Eros International PLC had a net margin of 0.20% and a return on equity of 0.03%.
Several equities research analysts have issued reports on EROS shares. Jefferies Group LLC restated a “buy” rating and set a $15.00 price objective (down from $18.00) on shares of Eros International PLC in a report on Monday, July 31st. TheStreet downgraded Eros International PLC from a “c” rating to a “d+” rating in a report on Friday, July 28th. BidaskClub upgraded Eros International PLC from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Wells Fargo & Company restated an “outperform” rating and set a $17.00 price objective (up from $16.00) on shares of Eros International PLC in a report on Monday, October 9th. Finally, Zacks Investment Research downgraded Eros International PLC from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.00.
Several institutional investors and hedge funds have recently modified their holdings of EROS. Bank of New York Mellon Corp grew its position in shares of Eros International PLC by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 119,483 shares of the company’s stock worth $1,230,000 after acquiring an additional 3,897 shares in the last quarter. American International Group Inc. grew its position in shares of Eros International PLC by 7.1% in the 1st quarter. American International Group Inc. now owns 18,219 shares of the company’s stock worth $188,000 after acquiring an additional 1,205 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Eros International PLC in the 1st quarter worth approximately $256,000. Boston Common Asset Management LLC grew its position in shares of Eros International PLC by 34.8% in the 1st quarter. Boston Common Asset Management LLC now owns 20,745 shares of the company’s stock worth $214,000 after acquiring an additional 5,350 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Eros International PLC in the 2nd quarter worth approximately $28,711,000. Institutional investors own 56.08% of the company’s stock.
Eros International PLC (EROS) opened at 13.20 on Friday. The firm’s market capitalization is $800.29 million. Eros International PLC has a one year low of $6.65 and a one year high of $18.85. The company has a 50-day moving average price of $13.79 and a 200-day moving average price of $11.11.
About Eros International PLC
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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