Eros International plc (EROS) Expected to Announce Earnings of $0.15 Per Share

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Equities analysts expect Eros International plc (NYSE:EROS) to post earnings of $0.15 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Eros International’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.12. Eros International reported earnings per share of ($0.04) during the same quarter last year, which suggests a positive year over year growth rate of 475%. The business is expected to report its next earnings results on Friday, July 27th.

On average, analysts expect that Eros International will report full-year earnings of ($0.01) per share for the current fiscal year. For the next year, analysts forecast that the business will post earnings of $0.47 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Eros International.

A number of equities analysts have issued reports on EROS shares. TheStreet raised shares of Eros International from a “d+” rating to a “c-” rating in a research note on Monday, February 26th. Zacks Investment Research raised shares of Eros International from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Finally, ValuEngine cut shares of Eros International from a “hold” rating to a “sell” rating in a research note on Thursday, March 29th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $17.00.

A hedge fund recently bought a new stake in Eros International stock. Russell Investments Group Ltd. bought a new position in Eros International plc (NYSE:EROS) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 49,543 shares of the company’s stock, valued at approximately $540,000. Russell Investments Group Ltd. owned 0.10% of Eros International as of its most recent filing with the Securities & Exchange Commission. 66.81% of the stock is owned by institutional investors.

Eros International traded down $0.15, reaching $13.00, during midday trading on Monday, MarketBeat.com reports. The company’s stock had a trading volume of 295,704 shares, compared to its average volume of 394,695. Eros International has a 52 week low of $6.65 and a 52 week high of $16.90. The stock has a market cap of $677.57 million, a PE ratio of 260.00, a PEG ratio of 1.87 and a beta of 0.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.44 and a current ratio of 1.44.

Eros International Company Profile

Eros International Plc, together with its subsidiaries, co-produces, acquires, and distributes Indian films in various formats worldwide. The company distributes its film content through various distribution channels, such as theatrical, which includes multiplex chains and stand-alone theaters; television syndication that comprises satellite television broadcasting, cable television, and terrestrial television; and digital and ancillary that includes music, inflight entertainment, home video, Internet protocol television, video on demand, and Internet channels, as well as Eros Now online entertainment service.

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