Eros International plc (EROS) Expected to Announce Earnings of $0.10 Per Share

Brokerages expect that Eros International plc (NYSE:EROS) will announce earnings of $0.10 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Eros International’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.09. Eros International posted earnings of $0.13 per share during the same quarter last year, which would indicate a negative year over year growth rate of 23.1%. The company is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, February 21st.

On average, analysts expect that Eros International will report full year earnings of $0.20 per share for the current year, with EPS estimates ranging from $0.17 to $0.22. For the next year, analysts expect that the business will post earnings of $0.62 per share, with EPS estimates ranging from $0.40 to $0.83. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Eros International.

Eros International (NYSE:EROS) last announced its earnings results on Wednesday, November 22nd. The company reported ($0.03) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.03). Eros International had a net margin of 0.96% and a return on equity of 0.22%. The company had revenue of $63.31 million during the quarter, compared to the consensus estimate of $52.05 million.

A number of equities research analysts recently weighed in on EROS shares. BidaskClub downgraded shares of Eros International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded shares of Eros International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Finally, ValuEngine downgraded shares of Eros International from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Two equities research 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 stock currently has an average rating of “Hold” and an average target price of $17.00.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Eros International during the third quarter worth approximately $1,605,000. Gilder Gagnon Howe & Co. LLC raised its stake 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 worth $59,045,000 after buying an additional 1,621,460 shares during the last quarter. State Street Corp raised its stake 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 worth $6,002,000 after buying an additional 34,838 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in 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 purchasing an additional 8,041 shares in the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.

Shares of Eros International (NYSE EROS) traded down $0.20 during midday trading on Wednesday, hitting $13.10. 777,845 shares of the company’s stock were exchanged, compared to its average volume of 492,293. 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 company has a market capitalization of $654.39, a P/E ratio of 327.58, a PEG ratio of 4.34 and a beta of 0.73. Eros International has a one year low of $6.65 and a one year high of $16.90.

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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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