Ero Copper (ERO) to Release Quarterly Earnings on Thursday

Ero Copper (NYSE:ERO) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Ero Copper to post earnings of $0.28 per share for the quarter.

Ero Copper (NYSE:ERO) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.11. Ero Copper had a return on equity of 10.68% and a net margin of 14.23%. The company had revenue of $105.80 million during the quarter, compared to analyst estimates of $104.40 million. 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 Down 1.7 %

ERO stock opened at $18.73 on Wednesday. Ero Copper has a twelve month low of $11.35 and a twelve month high of $24.38. The company has a quick ratio of 0.60, a current ratio of 0.82 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.93 billion, a PE ratio of 28.82 and a beta of 1.19. The business has a 50 day moving average of $21.01 and a 200 day moving average of $19.29.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Scotiabank raised Ero Copper from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, May 30th. Pi Financial raised Ero Copper from a “neutral” rating to a “buy” rating in a report on Thursday, April 18th. Ventum Cap Mkts raised Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. StockNews.com lowered Ero Copper from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Finally, Jefferies Financial Group lifted their target price on Ero Copper from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.00.

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.