Ero Copper (ERO) to Release Earnings on Tuesday

Ero Copper (NYSE:ERO - Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.

Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. Ero Copper had a negative net margin of 4.79% and a positive return on equity of 9.89%. The business had revenue of $117.10 million for the quarter. During the same quarter in the prior year, the business posted $0.24 EPS. On average, analysts expect Ero Copper to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ero Copper Stock Performance

NYSE:ERO traded down $0.04 during midday trading on Tuesday, reaching $19.29. The stock had a trading volume of 147,112 shares, compared to its average volume of 327,404. Ero Copper has a 1-year low of $11.35 and a 1-year high of $24.34. The firm's fifty day simple moving average is $20.59 and its 200-day simple moving average is $20.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.82 and a quick ratio of 0.60. The stock has a market capitalization of $1.99 billion, a P/E ratio of -101.68 and a beta of 1.20.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ERO shares. Ventum Cap Mkts upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 22nd. Jefferies Financial Group upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Monday, August 5th. Bank of America started coverage on shares of Ero Copper in a research note on Tuesday, September 3rd. They issued a "buy" rating and a $28.00 target price on the stock. Raymond James upgraded shares of Ero Copper from a "market perform" rating to an "outperform" rating in a research note on Tuesday, September 3rd. Finally, StockNews.com upgraded shares of Ero Copper from a "sell" rating to a "hold" rating in a research note on Friday. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $30.00.

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.