Eros International (EROS) Trading Up 6%

Eros International plc (NYSE:EROS)’s share price was up 6% during trading on Thursday . The stock traded as high as $9.95 and last traded at $9.75. Approximately 501,778 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 511,886 shares. The stock had previously closed at $9.20.

Several equities analysts recently commented on EROS shares. Jefferies Group restated a “buy” rating and issued a $17.00 price target (up from $15.00) on shares of Eros International in a research note on Monday, October 9th. BidaskClub upgraded shares of Eros International from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine upgraded shares of Eros International from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Wells Fargo & Company restated an “outperform” rating and issued a $17.00 price target (up from $16.00) on shares of Eros International in a research note on Monday, October 9th. Finally, Zacks Investment Research downgraded shares of Eros International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.00.

The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.10. The stock has a market cap of $484.35, a P/E ratio of 235.00, a P/E/G ratio of 3.21 and a beta of 0.57.

Eros International (NYSE:EROS) last announced its quarterly earnings data on Friday, October 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $60.83 million for the quarter. Eros International had a return on equity of 0.22% and a net margin of 0.96%. analysts forecast that Eros International plc will post 0.2 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Gilder Gagnon Howe & Co. LLC grew its stake in 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 in the last quarter. State Street Corp grew its stake in 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 in the last quarter. Van ECK Associates Corp grew its stake in Eros International by 31.4% during the second quarter. Van ECK Associates Corp now owns 273,294 shares of the company’s stock worth $912,000 after buying an additional 65,253 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Eros International during the third quarter worth about $1,605,000. Finally, Parametric Portfolio Associates LLC grew its stake in Eros International by 36.4% during the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock worth $345,000 after buying an additional 8,041 shares in the last quarter. Hedge funds and other institutional investors own 60.49% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.com-unik.info/2017/12/21/eros-international-eros-trading-up-6.html.

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.

Receive News & Ratings for Eros International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eros International and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit