Vale (VALE) Scheduled to Post Earnings on Friday

Vale (NYSE:VALE) is scheduled to be issuing its quarterly earnings data after the market closes on Friday, October 25th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Vale (NYSE:VALE) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Vale had a return on equity of 22.23% and a net margin of 23.07%. The firm had revenue of $9.92 billion during the quarter, compared to analysts’ expectations of $9.97 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 2.0 %

Shares of NYSE:VALE opened at $10.41 on Thursday. The stock’s 50-day moving average price is $10.74 and its two-hundred day moving average price is $11.31. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.43. Vale has a 12-month low of $9.66 and a 12-month high of $16.08. The firm has a market cap of $46.67 billion, a price-to-earnings ratio of 5.75, a PEG ratio of 0.30 and a beta of 0.93.

Vale Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 5th were paid a $0.3698 dividend. This represents a yield of 12.1%. This is a positive change from Vale’s previous semi-annual dividend of $0.32. The ex-dividend date was Monday, August 5th. Vale’s dividend payout ratio (DPR) is presently 64.09%.

Wall Street Analysts Forecast Growth

VALE has been the topic of a number of research analyst reports. Scotiabank decreased their price target on Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. Morgan Stanley reduced their price objective on Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a research note on Thursday, September 19th. Wolfe Research lowered Vale from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price objective on Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, September 23rd. Finally, UBS Group reduced their price objective on Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, July 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.15.

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.