Equities analysts expect that Eros International plc (NYSE:EROS) will announce $71.65 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Eros International’s earnings, with the highest sales estimate coming in at $79.30 million and the lowest estimate coming in at $64.00 million. Eros International reported sales of $52.68 million during the same quarter last year, which indicates a positive year over year growth rate of 36%. The firm is expected to report its next quarterly earnings report on Friday, July 27th.
According to Zacks, analysts expect that Eros International will report full-year sales of $71.65 million for the current fiscal year, with estimates ranging from $253.20 million to $268.60 million. For the next fiscal year, analysts expect that the firm will report sales of $326.00 million per share, with estimates ranging from $300.30 million to $351.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Eros International.
A number of equities analysts recently commented on EROS shares. TheStreet upgraded Eros International from a “d+” rating to a “c-” rating in a research report on Monday. BidaskClub upgraded Eros International from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, ValuEngine downgraded Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.00.
Shares of Eros International (EROS) traded down $0.25 during trading hours on Friday, hitting $13.20. The stock had a trading volume of 1,083,450 shares, compared to its average volume of 517,989. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $831.32, a price-to-earnings ratio of 440.00, a PEG ratio of 3.53 and a beta of 0.73. Eros International has a 12-month low of $6.65 and a 12-month high of $16.90.
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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