FY2019 Earnings Forecast for Eros International plc (EROS) Issued By Jefferies Group

Eros International plc (NYSE:EROS) – Stock analysts at Jefferies Group dropped their FY2019 earnings estimates for shares of Eros International in a research note issued on Wednesday. Jefferies Group analyst J. Janedis now expects that the company will post earnings of $0.40 per share for the year, down from their prior forecast of $0.47. Jefferies Group has a “Buy” rating and a $17.00 price objective on the stock. Jefferies Group also issued estimates for Eros International’s FY2020 earnings at $0.54 EPS.

Other equities analysts have also recently issued reports about the company. BidaskClub upgraded Eros International from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine raised Eros International from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Zacks Investment Research raised Eros International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $17.00 target price (up from $16.00) on shares of Eros International in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $17.00.

Eros International (NYSE EROS) traded down $0.65 during midday trading on Monday, reaching $10.75. The company’s stock had a trading volume of 641,323 shares, compared to its average volume of 516,891. The stock has a market cap of $566.79, a PE ratio of 275.00, a PEG ratio of 3.76 and a beta of 0.57. Eros International has a 52-week low of $6.65 and a 52-week high of $17.30. 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 (NYSE:EROS) last issued its earnings results on Friday, October 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Eros International had a negative return on equity of 0.66% and a net margin of 2.96%. The firm had revenue of $60.83 million for the quarter.

Several institutional investors and hedge funds have recently bought and sold shares of EROS. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Eros International in the 2nd quarter valued at approximately $28,711,000. SG Americas Securities LLC acquired a new stake in shares of Eros International during the 3rd quarter worth approximately $1,605,000. Van ECK Associates Corp grew its holdings in shares of Eros International by 31.4% during the 2nd quarter. Van ECK Associates Corp now owns 273,294 shares of the company’s stock worth $912,000 after purchasing an additional 65,253 shares in the last quarter. State Street Corp grew its holdings in shares of Eros International by 7.1% during the 2nd quarter. State Street Corp now owns 524,135 shares of the company’s stock worth $6,002,000 after purchasing an additional 34,838 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of 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 purchasing an additional 8,041 shares in the last quarter. 64.56% 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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