Vale (VALE) Projected to Post Quarterly Earnings on Wednesday

Vale (NYSE:VALE) will likely be releasing its earnings data before the market opens on Wednesday, April 23rd. Analysts expect Vale to post earnings of $0.43 per share and revenue of $8.39 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

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

Vale Stock Performance

VALE opened at $9.10 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. The company has a 50 day simple moving average of $9.58 and a two-hundred day simple moving average of $9.68. The firm has a market cap of $41.28 billion, a P/E ratio of 6.32, a PEG ratio of 0.31 and a beta of 0.73. Vale has a 1-year low of $8.06 and a 1-year high of $13.14.

Vale Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.3758 dividend. This represents a yield of 7.5%. This is an increase from Vale’s previous semi-annual dividend of $0.30. The ex-dividend date was Monday, March 10th. Vale’s dividend payout ratio is presently 52.08%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on VALE shares. StockNews.com began coverage on Vale in a research report on Wednesday, April 2nd. They set a “hold” rating for the company. Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $11.50 in a report on Thursday, April 10th. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Scotiabank reduced their target price on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $11.00 price target (down from $12.00) on shares of Vale in a research note on Thursday. Seven investment 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.com, Vale has a consensus rating of “Hold” and an average price target of $12.44.

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.