Vale (VALE) to Release Quarterly Earnings on Thursday

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

Vale (NYSE:VALE) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.36). Vale had a return on equity of 17.38% and a net margin of 16.15%. The company had revenue of $10.12 billion for 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 Stock Down 0.7 %

Shares of NYSE VALE opened at $9.91 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The company has a market cap of $44.96 billion, a P/E ratio of 6.88, a P/E/G ratio of 0.31 and a beta of 0.91. Vale has a 52 week low of $8.38 and a 52 week high of $13.68. The business has a 50-day simple moving average of $9.14 and a two-hundred day simple moving average of $9.98.

Vale Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.3758 per share. This represents a dividend yield of 7.5%. 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. Vale’s dividend payout ratio (DPR) is 88.89%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Scotiabank decreased their price objective on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a report on Monday, January 6th. StockNews.com assumed coverage on Vale in a research note on Friday, December 13th. They issued a “buy” rating on the stock. Jefferies Financial Group decreased their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Barclays reduced 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. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.