Vale (NYSE:VALE) Posts Quarterly Earnings Results, Misses Estimates By $0.36 EPS

Vale (NYSE:VALE) released its earnings results on Wednesday. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.36), Zacks reports. Vale had a net margin of 22.59% and a return on equity of 21.07%. The business had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.03 billion.

Vale Stock Performance

VALE stock traded up $0.01 during mid-day trading on Friday, reaching $10.16. The company had a trading volume of 23,275,131 shares, compared to its average volume of 36,968,840. 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 stock has a market capitalization of $46.09 billion, a P/E ratio of 4.70, a P/E/G ratio of 0.30 and a beta of 0.91. Vale has a one year low of $8.38 and a one year high of $13.76. The stock’s 50-day simple moving average is $9.09 and its two-hundred day simple moving average is $9.99.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VALE. UBS Group cut Vale from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. StockNews.com began coverage on Vale in a research note on Friday, December 13th. They set a “buy” rating on the stock. Scotiabank reduced their price objective 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. Barclays reduced their price objective on Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group reduced their price objective on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Vale currently has an average rating of “Hold” and an average 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.