Vale (VALE) Projected to Post Quarterly Earnings on Thursday

Vale (NYSE:VALE) is expected to be announcing its earnings results 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 interested in listening to the company’s conference call can do so using this link.

Vale (NYSE:VALE) last announced its quarterly earnings data 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). The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. 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

Shares of VALE opened at $9.98 on Tuesday. The stock has a 50-day simple moving average of $9.12 and a 200-day simple moving average of $9.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The stock has a market capitalization of $45.28 billion, a PE ratio of 6.93, a PEG ratio of 0.31 and a beta of 0.91. Vale has a 1 year low of $8.38 and a 1 year high of $13.68.

Vale Increases Dividend

The firm also recently announced 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 is Monday, March 10th. This is a positive change from Vale’s previous semi-annual dividend of $0.30. Vale’s dividend payout ratio (DPR) is 88.89%.

Analyst Upgrades and Downgrades

VALE has been the topic of several research analyst reports. Barclays cut their target price on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Scotiabank cut their target price on Vale from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group cut their target price on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Wolfe Research raised Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, UBS Group lowered Vale from a “buy” rating to a “neutral” rating and cut their target price for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.