Vale (VALE) Scheduled to Post Earnings on Friday

Vale (NYSE:VALE) is set to post its quarterly earnings results after the market closes on Friday, October 25th. Analysts expect Vale to post earnings of $0.56 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Vale (NYSE:VALE) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The business had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.97 billion. Vale had a net margin of 23.07% and a return on equity of 22.23%. 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

VALE stock opened at $10.41 on Thursday. 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. The firm has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $11.31. Vale has a one year low of $9.66 and a one year high of $16.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.73 and a current ratio of 1.08.

Vale Increases Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of Vale from $16.00 to $15.50 and set an “overweight” rating on the stock in a report on Thursday, September 19th. UBS Group cut their price target on shares of Vale from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, July 5th. Scotiabank cut their price target on shares of Vale from $17.00 to $16.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th. StockNews.com assumed coverage on shares of Vale in a research note on Friday, October 18th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Vale from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.