Jefferies Group Equities Analysts Reduce Earnings Estimates for Eros International PLC (EROS)

Eros International PLC (NYSE:EROS) – Equities research analysts at Jefferies Group lowered their Q3 2018 earnings per share estimates for Eros International in a research note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the company will earn $0.09 per share for the quarter, down from their prior forecast of $0.13. Jefferies Group currently has a “Buy” rating and a $17.00 target price on the stock. Jefferies Group also issued estimates for Eros International’s FY2018 earnings at $0.17 EPS.

A number of other brokerages have also recently commented on EROS. Zacks Investment Research cut shares of Eros International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 10th. ValuEngine upgraded shares of Eros International from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Wells Fargo & Company restated an “outperform” rating and set a $17.00 price target (up previously from $16.00) on shares of Eros International in a research note on Monday, October 9th. Finally, BidaskClub cut shares of Eros International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.00.

Shares of Eros International (EROS) traded up $0.15 on Friday, reaching $12.75. 372,567 shares of the company’s stock were exchanged, compared to its average volume of 513,656. The company has a market capitalization of $764.81, a PE ratio of 326.25, a price-to-earnings-growth ratio of 4.14 and a beta of 0.57. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. Eros International has a 1 year low of $6.65 and a 1 year high of $17.30.

Eros International (NYSE:EROS) last announced its quarterly earnings results on Friday, October 6th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $60.83 million for the quarter. Eros International had a return on equity of 0.22% and a net margin of 0.96%.

Large investors have recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC raised its stake in shares of Eros International by 64.7% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 4,128,989 shares of the company’s stock valued at $59,045,000 after acquiring an additional 1,621,460 shares during the last quarter. Boston Common Asset Management LLC raised its stake in shares of Eros International 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 last quarter. SG Americas Securities LLC bought a new position in shares of Eros International in the third quarter valued at approximately $1,605,000. Van ECK Associates Corp raised its stake in shares of Eros International 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 last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Eros International 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 last quarter. Institutional investors own 64.56% of the company’s stock.

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Eros International 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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