Eros International plc (EROS) Expected to Post Earnings of $0.10 Per Share
Analysts predict that Eros International plc (NYSE:EROS) will post $0.10 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Eros International’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.11. Eros International reported earnings per share of $0.13 in the same quarter last year, which suggests a negative year-over-year growth rate of 23.1%. The business is expected to report its next quarterly earnings results before the market opens on Wednesday, February 21st.
According to Zacks, analysts expect that Eros International will report full-year earnings of $0.20 per share for the current financial year, with EPS estimates ranging from $0.17 to $0.22. For the next fiscal year, analysts anticipate that the company 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 a mean average based on a survey of research firms that follow Eros International.
Eros International (NYSE:EROS) last released its quarterly earnings results on Wednesday, November 22nd. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). Eros International had a net margin of 0.96% and a return on equity of 0.22%. The firm had revenue of $63.31 million during the quarter, compared to analyst estimates of $52.05 million.
Eros International (EROS) traded down $0.20 during trading on Wednesday, reaching $13.10. 777,845 shares of the company’s stock traded hands, compared to its average volume of 492,293. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.10. Eros International has a 52-week low of $6.65 and a 52-week high of $16.90. The company has a market cap of $654.39, a price-to-earnings ratio of 327.58, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73.
Several large investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC increased its stake in shares of Eros International by 36.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock valued at $345,000 after acquiring an additional 8,041 shares in the last quarter. State Street Corp increased its stake 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 acquiring an additional 34,838 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Eros International in the 3rd quarter valued at $1,605,000. Finally, Gilder Gagnon Howe & Co. LLC increased its stake 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 acquiring an additional 1,621,460 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.
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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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