Eros International plc (NYSE:EROS) – Analysts at Jefferies Group reduced their FY2018 earnings per share (EPS) estimates for Eros International in a report released on Thursday. Jefferies Group analyst J. Janedis now forecasts that the company will earn $0.12 per share for the year, down from their prior forecast of $0.17. Jefferies Group also issued estimates for Eros International’s FY2019 earnings at $0.47 EPS.
Other research analysts also recently issued research reports about the company. ValuEngine downgraded Eros International from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. BidaskClub raised Eros International from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, Zacks Investment Research downgraded Eros International from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Eros International has an average rating of “Hold” and a consensus target price of $17.00.
Several institutional investors have recently modified their holdings of EROS. Parametric Portfolio Associates LLC raised its position 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 valued at $345,000 after acquiring an additional 8,041 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Eros International during the 3rd quarter valued at $1,605,000. State Street Corp raised its position 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 valued at $6,002,000 after acquiring an additional 34,838 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its position in shares of Eros International by 64.7% during 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 during the last quarter. Institutional investors own 61.40% of the company’s stock.
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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