Ero Copper Corp. Expected to Post FY2025 Earnings of $2.93 Per Share (NYSE:ERO)

Ero Copper Corp. (NYSE:ERO) – Equities researchers at Raymond James issued their FY2025 earnings per share (EPS) estimates for shares of Ero Copper in a research note issued on Wednesday, April 17th. Raymond James analyst F. Hamed forecasts that the company will post earnings per share of $2.93 for the year. The consensus estimate for Ero Copper’s current full-year earnings is $1.56 per share.

Ero Copper (NYSE:ERO) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.16%. The company had revenue of $116.41 million during the quarter, compared to the consensus estimate of $104.20 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share.

ERO has been the subject of several other research reports. TheStreet upgraded Ero Copper from a “c” rating to a “b-” rating in a report on Friday, March 8th. Pi Financial raised shares of Ero Copper from a “neutral” rating to a “buy” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $24.00.

Ero Copper Trading Down 0.8 %

Shares of ERO stock opened at $20.14 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 20.55 and a beta of 1.26. Ero Copper has a 12-month low of $11.35 and a 12-month high of $24.38. The stock’s 50-day moving average price is $18.28 and its 200-day moving average price is $15.84.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd bought a new position in Ero Copper in the third quarter worth approximately $27,000. Acuitas Investments LLC lifted its holdings in shares of Ero Copper by 61.5% in the 4th quarter. Acuitas Investments LLC now owns 2,100 shares of the company’s stock worth $33,000 after buying an additional 800 shares during the period. US Bancorp DE bought a new position in shares of Ero Copper during the 4th quarter worth $54,000. Deutsche Bank AG purchased a new position in shares of Ero Copper during the fourth quarter valued at $66,000. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Ero Copper in the fourth quarter valued at about $79,000. 71.30% of the stock is currently owned by institutional investors.

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.