Eros International (EROS) Reaches New 12-Month Low at $8.92

Eros International plc (NYSE:EROS) reached a new 52-week low on Tuesday . The company traded as low as $8.92 and last traded at $9.11, with a volume of 22447 shares trading hands. The stock had previously closed at $9.34.

A number of equities research analysts have weighed in on EROS shares. Zacks Investment Research downgraded Eros International from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Citigroup started coverage on Eros International in a report on Tuesday, August 14th. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, ValuEngine downgraded Eros International from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Eros International presently has an average rating of “Hold” and a consensus price target of $16.50.

The firm has a market capitalization of $613.02 million, a P/E ratio of -101.33 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.25 and a quick ratio of 1.25.



Eros International (NYSE:EROS) last released its quarterly earnings data on Thursday, August 23rd. The company reported $0.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The firm had revenue of $60.21 million for the quarter, compared to the consensus estimate of $63.05 million. Eros International had a positive return on equity of 1.31% and a negative net margin of 13.52%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in shares of Eros International by 18.0% in the first quarter. California State Teachers Retirement System now owns 46,754 shares of the company’s stock worth $510,000 after buying an additional 7,133 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Eros International by 10.1% in the second quarter. Bank of New York Mellon Corp now owns 92,078 shares of the company’s stock worth $1,197,000 after buying an additional 8,414 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of Eros International in the first quarter worth about $540,000. Hedge funds and other institutional investors own 55.11% of the company’s stock.

About Eros International (NYSE:EROS)

Eros International Plc, together with its subsidiaries, co-produces, acquires, and distributes Indian films in various formats worldwide. The company distributes its film content through various distribution channels, including theatrical, which includes multiplex chains and stand-alone theaters; television syndication that comprises satellite television broadcasting, cable television, and terrestrial television; and digital and ancillary, such as Internet protocol television, video on demand, music, inflight entertainment, home video, and Internet channels, as well as Eros Now online entertainment service.

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