Eros International plc (EROS) Receives Average Recommendation of “Hold” from Analysts

Shares of Eros International plc (NYSE:EROS) have earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two 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 average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.00.

A number of analysts have weighed in on EROS shares. BidaskClub raised Eros International from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Zacks Investment Research cut Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, ValuEngine cut Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.

Shares of Eros International (EROS) opened at $12.25 on Monday. Eros International has a 1 year low of $6.65 and a 1 year high of $16.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $750.18, a P/E ratio of 408.33, a price-to-earnings-growth ratio of 4.19 and a beta of 0.73.

Eros International (NYSE:EROS) last posted its quarterly earnings data on Wednesday, November 22nd. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). Eros International had a return on equity of 0.22% and a net margin of 0.96%. equities analysts predict that Eros International will post 0.2 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC lifted its position in Eros International by 36.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock worth $345,000 after acquiring an additional 8,041 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Eros International in the 3rd quarter valued at approximately $1,605,000. State Street Corp lifted its holdings in shares of Eros International by 7.1% in the 2nd quarter. State Street Corp now owns 524,135 shares of the company’s stock valued at $6,002,000 after buying an additional 34,838 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Eros International by 64.7% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 4,128,989 shares of the company’s stock valued at $59,045,000 after buying an additional 1,621,460 shares during the period. 60.19% of the stock is owned by institutional investors.

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About Eros International

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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