Vale (NYSE:VALE) Releases Earnings Results, Misses Estimates By $0.36 EPS

Vale (NYSE:VALE) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.36), Zacks reports. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.03 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%.

Vale Price Performance

NYSE:VALE traded up $0.01 during mid-day trading on Friday, reaching $10.16. 23,275,131 shares of the stock were exchanged, compared to its average volume of 36,968,840. The business has a fifty day moving average price of $9.09 and a 200 day moving average price of $9.99. The firm has a market capitalization of $46.09 billion, a PE ratio of 4.70, a PEG ratio of 0.30 and a beta of 0.91. Vale has a 1-year low of $8.38 and a 1-year high of $13.76. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

Analyst Ratings Changes

A number of brokerages have recently commented on VALE. Jefferies Financial Group lowered their price target on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Scotiabank lowered their price target on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a report on Monday, January 6th. UBS Group lowered Vale from a “buy” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $11.50 in a report on Monday, November 11th. Barclays lowered their price target on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Finally, StockNews.com started coverage on Vale in a report on Friday, December 13th. They set a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vale currently has a consensus rating of “Hold” and an average target price of $13.26.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.