Eros Int'l (EROS): Raising PT After Earnings - Jefferies

Jefferies analyst, John Janedis, maintained his Buy rating on shares of Eros International Plc (NYSE: EROS) after reporting F4Q revenue and EBITDA of $65M and $14.4M, in line with expectations. Profitability was impacted by a lack of High budget films in the qtr, as well as the ongoing impact of mgmt's decision to forgo catalog revenues in order to lower its DSOs. Eros Now guidance of 1M paying subs by end of F17 was reiterated. Looking ahead, a key metric to watch will ve EROS's path to sub growth as well as its JVs in China.

No change to Buy rating but the PT increases to $17 from $14.

For an analyst ratings summary and ratings history on Eros International Plc click here. For more ratings news on Eros International Plc click here.

Shares of Eros International Plc closed at $14.68 yesterday.

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