Ero Copper (ERO) Set to Announce Quarterly Earnings on Tuesday

Ero Copper (NYSE:ERO) is set to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Ero Copper to post earnings of $0.11 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Ero Copper (NYSE:ERO) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Ero Copper had a return on equity of 13.16% and a net margin of 21.71%. The business had revenue of $116.41 million during the quarter, compared to the consensus estimate of $104.20 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, analysts expect Ero Copper to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ero Copper Price Performance

Shares of NYSE:ERO opened at $20.82 on Friday. The company has a market cap of $2.14 billion, a PE ratio of 21.24 and a beta of 1.21. Ero Copper has a fifty-two week low of $11.35 and a fifty-two week high of $24.38. The firm has a 50-day simple moving average of $19.16 and a 200 day simple moving average of $16.15. The company has a quick ratio of 0.94, a current ratio of 1.23 and a debt-to-equity ratio of 0.65.

Analyst Ratings Changes

A number of equities analysts have commented on ERO shares. Jefferies Financial Group began coverage on Ero Copper in a research note on Friday. They issued a “hold” rating for the company. Pi Financial upgraded Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday, April 18th. Finally, TheStreet raised Ero Copper from a “c” rating to a “b-” rating in a research report on Friday, March 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.00.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.