Ero Copper (NYSE:ERO) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Ero Copper (NYSE:ERO - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.17 by $0.18, Zacks reports. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The business had revenue of $125.10 million during the quarter, compared to the consensus estimate of $179.45 million.

Ero Copper Price Performance

ERO traded down $0.04 during trading on Thursday, reaching $13.38. The company's stock had a trading volume of 364,516 shares, compared to its average volume of 514,762. Ero Copper has a 1 year low of $9.30 and a 1 year high of $24.34. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 78.69 and a beta of 1.10. The firm has a fifty day simple moving average of $12.04 and a two-hundred day simple moving average of $13.87. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ERO shares. National Bankshares raised shares of Ero Copper from a "sector perform" rating to an "outperform" rating in a research note on Tuesday. TD Cowen upgraded Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. National Bank Financial upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a research report on Friday, April 4th. Finally, Desjardins assumed coverage on shares of Ero Copper in a report on Friday, April 4th. They issued a "hold" rating on the stock. One research analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Ero Copper currently has a consensus rating of "Buy" and a consensus target price of $26.33.

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.