Eros International PLC (EROS) Given Consensus Recommendation of “Hold” by Analysts
Eros International PLC (NYSE:EROS) has earned an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $17.00.
Several analysts recently issued reports on the company. BidaskClub upgraded Eros International PLC from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine cut Eros International PLC from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Zacks Investment Research cut Eros International PLC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 10th. Wells Fargo & Company reiterated an “outperform” rating and set a $17.00 target price (up previously from $16.00) on shares of Eros International PLC in a research report on Monday, October 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $17.00 target price (up previously from $15.00) on shares of Eros International PLC in a research report on Monday, October 9th.
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Several large investors have recently added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Eros International PLC during the second quarter worth about $28,711,000. State Street Corp grew its position in shares of Eros International PLC 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 purchasing an additional 34,838 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Eros International PLC 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 purchasing an additional 65,253 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Eros International PLC by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 119,483 shares of the company’s stock valued at $1,230,000 after buying an additional 3,897 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Eros International PLC by 36.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock valued at $345,000 after buying an additional 8,041 shares in the last quarter. Hedge funds and other institutional investors own 55.10% of the company’s stock.
Eros International PLC (NYSE:EROS) opened at $12.70 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $617.97 million, a PE ratio of 1,280.00, a P/E/G ratio of 4.06 and a beta of 0.57.
Eros International PLC (NYSE:EROS) last posted 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 return on equity of 0.03% and a net margin of 0.20%. The company had revenue of $60.83 million during the quarter. sell-side analysts expect that Eros International PLC will post 0.21 EPS for the current fiscal year.
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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