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.
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.
ILLEGAL ACTIVITY WARNING: “Jefferies Group Equities Analysts Reduce Earnings Estimates for Eros International PLC (EROS)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/01/jefferies-group-equities-analysts-reduce-earnings-estimates-for-eros-international-plc-eros.html.
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.
Receive News & Ratings for Eros International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eros International PLC and related companies with MarketBeat.com's FREE daily email newsletter.