Ero Copper (ERO) Scheduled to Post Earnings on Tuesday

Ero Copper (NYSE:ERO) is set to post 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.

Ero Copper (NYSE:ERO) last released its earnings results on Thursday, March 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.16%. The business had revenue of $116.41 million for the quarter, compared to analysts’ expectations of $104.20 million. During the same period last year, the firm earned $0.24 EPS. 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 Trading Up 2.4 %

NYSE:ERO opened at $21.11 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.23 and a quick ratio of 0.94. Ero Copper has a fifty-two week low of $11.35 and a fifty-two week high of $24.38. The stock’s 50-day moving average is $18.81 and its two-hundred day moving average is $16.00. The stock has a market cap of $2.17 billion, a PE ratio of 21.54 and a beta of 1.26.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Pi Financial raised Ero Copper from a “neutral” rating to a “buy” rating in a research note on Thursday, April 18th. TheStreet raised Ero Copper from a “c” rating to a “b-” rating in a research note on Friday, March 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Ero Copper currently has a consensus rating of “Hold” and an average target price of $24.00.

About Ero Copper

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.