Vale (VALE) Projected to Post Quarterly Earnings on Thursday

Vale (NYSE:VALE) will likely be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Vale to post earnings of $0.56 per share and revenue of $10.05 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Vale (NYSE:VALE) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.36). Vale had a net margin of 16.15% and a return on equity of 17.38%. The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.03 billion. On average, analysts expect Vale to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vale Trading Down 1.3 %

Shares of VALE stock opened at $9.98 on Tuesday. The business’s 50 day moving average is $9.12 and its two-hundred day moving average is $9.99. Vale has a twelve month low of $8.38 and a twelve month high of $13.68. The company has a market capitalization of $45.28 billion, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 0.31 and a beta of 0.91. The company has a current ratio of 0.91, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

Vale Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.3758 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Vale’s previous semi-annual dividend of $0.30. This represents a dividend yield of 7.5%. Vale’s payout ratio is 88.89%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Scotiabank decreased their price target on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday, January 6th. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Barclays decreased their price target on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. StockNews.com began coverage on Vale in a research report on Friday, December 13th. They set a “buy” rating on the stock. Finally, Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $14.50 to $11.30 in a research report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.26.

Vale Company Profile

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.