FY2027 Earnings Estimate for Ero Copper Issued By Scotiabank

Key Points

• Scotiabank raised its FY2027 EPS estimate for Ero Copper to $5.89 from $5.37 and maintained an “Outperform” rating, above the current full-year consensus estimate of $3.98.
• Ero Copper exceeded quarterly expectations, reporting $0.83 EPS versus the $0.74 consensus and revenue of $284.3 million, ahead of estimates of $277.64 million.
• Analyst sentiment is broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $32.33; shares opened at $39.41, near their 12-month high of $39.80.

Ero Copper Corp. (NYSE:ERO - Free Report) - Research analysts at Scotiabank raised their FY2027 earnings per share (EPS) estimates for shares of Ero Copper in a note issued to investors on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $5.89 per share for the year, up from their previous forecast of $5.37. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for Ero Copper's current full-year earnings is $3.98 per share.

Ero Copper (NYSE:ERO - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.09. The firm had revenue of $284.30 million for the quarter, compared to analyst estimates of $277.64 million. Ero Copper had a return on equity of 30.32% and a net margin of 29.79%.

Several other equities research analysts also recently issued reports on the stock. Wall Street Zen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Bradesco Corretora upgraded shares of Ero Copper to an "outperform" rating in a research note on Monday, July 20th. National Bank Financial raised shares of Ero Copper from a "sector perform" rating to an "outperform" rating in a report on Tuesday, May 5th. TD Securities reissued a "hold" rating on shares of Ero Copper in a report on Friday, August 7th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Ero Copper in a research report on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.33.

Ero Copper Stock Down 0.0%

Shares of ERO stock opened at $39.41 on Monday. Ero Copper has a 12 month low of $13.80 and a 12 month high of $39.80. The firm has a market cap of $4.11 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.32 and a beta of 1.21. The stock has a 50 day moving average of $28.77 and a 200-day moving average of $28.79. The company has a quick ratio of 0.81, a current ratio of 1.30 and a debt-to-equity ratio of 0.50.

Institutional Trading of Ero Copper

Hedge funds have recently modified their holdings of the company. Pictet Asset Management Holding SA lifted its holdings in shares of Ero Copper by 3.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 18,103 shares of the company's stock valued at $513,000 after acquiring an additional 574 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Ero Copper by 3.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 32,833 shares of the company's stock worth $933,000 after purchasing an additional 1,107 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Ero Copper in the 4th quarter worth about $38,000. PenderFund Capital Management Ltd. bought a new stake in shares of Ero Copper in the 2nd quarter worth about $39,000. Finally, Jain Global LLC increased its position in shares of Ero Copper by 12.7% during the 4th quarter. Jain Global LLC now owns 13,300 shares of the company's stock worth $376,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 71.30% of the company's stock.

About Ero Copper

Ero Copper Corp NYSE: ERO is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source