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

Ero Copper (NYSE:ERO) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Ero Copper to post earnings of $0.11 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Ero Copper (NYSE:ERO) last issued its 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). The business had revenue of $116.41 million for the quarter, compared to analysts’ expectations of $104.20 million. Ero Copper had a return on equity of 13.16% and a net margin of 21.71%. During the same period last year, the company 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 Stock Up 1.9 %

Ero Copper stock opened at $20.82 on Monday. The stock’s 50 day moving average price is $19.16 and its 200 day moving average price is $16.16. Ero Copper has a 1-year low of $11.35 and a 1-year high of $24.38. The company has a market cap of $2.14 billion, a PE ratio of 21.24 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.23 and a quick ratio of 0.94.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ERO shares. Jefferies Financial Group assumed coverage on Ero Copper in a research note on Friday. They set a “hold” rating for the company. Pi Financial raised Ero Copper from a “neutral” rating to a “buy” rating in a research note 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Ero Copper presently has a consensus rating of “Hold” and a consensus 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.