$65.30 Million in Sales Expected for Eros International plc (EROS) This Quarter

Brokerages expect Eros International plc (NYSE:EROS) to report $65.30 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Eros International’s earnings, with the lowest sales estimate coming in at $64.20 million and the highest estimate coming in at $66.40 million. Eros International posted sales of $57.35 million in the same quarter last year, which suggests a positive year over year growth rate of 13.9%. The business is scheduled to report its next earnings report on Tuesday, February 20th.

On average, analysts expect that Eros International will report full year sales of $65.30 million for the current fiscal year, with estimates ranging from $257.40 million to $267.30 million. For the next fiscal year, analysts expect that the business will post sales of $308.30 million per share, with estimates ranging from $306.50 million to $310.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Eros International.

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

A number of research firms recently issued reports on EROS. Jefferies Group reissued a “buy” rating and issued a $17.00 price objective (up previously from $15.00) on shares of Eros International in a report on Monday, October 9th. BidaskClub downgraded shares of Eros International from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Wells Fargo & Co restated an “outperform” rating and set a $17.00 target price (up previously from $16.00) on shares of Eros International in a research note on Monday, October 9th. 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. Finally, ValuEngine cut shares of Eros International from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.00.

Eros International (NYSE EROS) opened at $11.15 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.10. The stock has a market cap of $589.98, a P/E ratio of 278.82, a P/E/G ratio of 3.91 and a beta of 0.73. Eros International has a 1-year low of $6.65 and a 1-year high of $16.90.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Eros International during the third quarter valued at approximately $1,605,000. Gilder Gagnon Howe & Co. LLC raised its position in shares of Eros International by 64.7% during 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 buying an additional 1,621,460 shares during the last quarter. State Street Corp raised its position in shares of Eros International by 7.1% during the second 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 last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Eros International by 36.4% during the second 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 during the last quarter. Institutional investors own 60.19% of the company’s stock.

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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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