Vale (NYSE:VALE) Posts Earnings Results, Misses Estimates By $0.09 EPS

Vale (NYSE:VALE) announced its quarterly earnings data on Thursday. The basic materials company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.09), Zacks reports. Vale had a net margin of 5.11% and a return on equity of 19.87%.

Vale Stock Down 2.5%

Shares of NYSE:VALE traded down $0.29 during trading hours on Thursday, reaching $11.18. The stock had a trading volume of 34,011,872 shares, compared to its average volume of 30,468,791. The firm’s 50 day moving average is $13.98 and its 200-day moving average is $15.27. The stock has a market capitalization of $50.74 billion, a price-to-earnings ratio of 22.81 and a beta of 0.42. Vale has a 1 year low of $11.14 and a 1 year high of $17.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.19.

Vale Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th were given a dividend of $0.3088 per share. The ex-dividend date of this dividend was Thursday, August 13th. Vale’s payout ratio is currently 89.80%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VALE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vale in a report on Friday, October 2nd. Wall Street Zen downgraded Vale from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. The Goldman Sachs Group lowered shares of Vale from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $18.00 to $16.00 in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $15.00 price objective on Vale in a research note on Friday, October 16th. Finally, UBS Group reduced their price objective on shares of Vale from $15.00 to $14.50 and set a “neutral” rating for the company in a research note on Wednesday, October 21st. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.71.

Vale Company Profile

Vale SA is a Brazil-based global mining and logistics company best known for producing iron ore and iron ore pellets, key raw materials used in steelmaking. The company also produces nickel, copper, manganese ore, coal and other mineral products, with operations spanning exploration, extraction, processing and transportation.

Vale operates an extensive logistics network that includes railways, ports and maritime transportation systems, primarily supporting the movement of minerals from its production sites to domestic and international customers.