Brokerages Expect Vale S.A. (NYSE:VALE) Will Post Quarterly Sales of $14.24 Billion

Analysts predict that Vale S.A. (NYSE:VALEGet Rating) will report sales of $14.24 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Vale’s earnings, with the lowest sales estimate coming in at $14.08 billion and the highest estimate coming in at $14.41 billion. Vale posted sales of $16.68 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 14.6%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Vale will report full-year sales of $53.96 billion for the current year, with estimates ranging from $53.33 billion to $54.58 billion. For the next financial year, analysts forecast that the company will report sales of $46.84 billion, with estimates ranging from $44.67 billion to $49.01 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Vale.

Vale (NYSE:VALEGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.57. Vale had a return on equity of 66.28% and a net margin of 40.09%. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $12.98 billion.

Several equities research analysts recently commented on VALE shares. Royal Bank of Canada reduced their price objective on Vale from $20.00 to $18.00 and set a “sector perform” rating for the company in a report on Monday, April 25th. Exane BNP Paribas raised Vale from a “neutral” rating to an “outperform” rating and set a $20.50 target price on the stock in a research report on Wednesday, February 9th. Deutsche Bank Aktiengesellschaft cut Vale from a “buy” rating to a “hold” rating and raised their target price for the stock from $20.00 to $22.00 in a research report on Tuesday, April 5th. They noted that the move was a valuation call. Jefferies Financial Group raised their target price on Vale from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Wednesday, March 9th. Finally, HSBC raised Vale from a “hold” rating to a “buy” rating and lifted their price objective for the company from $17.25 to $21.50 in a research report on Thursday, March 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.88.

Shares of NYSE:VALE opened at $16.72 on Friday. Vale has a 1-year low of $11.16 and a 1-year high of $23.17. The business has a fifty day moving average price of $18.07 and a 200-day moving average price of $16.07. The company has a market capitalization of $83.58 billion, a PE ratio of 3.93, a PEG ratio of 0.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.33 and a quick ratio of 0.98.

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, March 23rd. Investors of record on Thursday, March 10th were paid a dividend of $0.718 per share. This represents a yield of 14.2%. The ex-dividend date of this dividend was Wednesday, March 9th. This is an increase from Vale’s previous semi-annual dividend of $0.68. Vale’s dividend payout ratio (DPR) is 34.12%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Sargent Bickham Lagudis LLC increased its stake in Vale by 105.9% in the 1st quarter. Sargent Bickham Lagudis LLC now owns 1,256 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 646 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in Vale by 1,566.7% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 1,250 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 1,175 shares during the last quarter. Allworth Financial LP bought a new stake in Vale in the 1st quarter worth approximately $25,000. Cornerstone Advisory LLC bought a new stake in Vale in the 4th quarter worth approximately $28,000. Finally, Bourgeon Capital Management LLC increased its position in shares of Vale by 18,750.0% during the 1st quarter. Bourgeon Capital Management LLC now owns 1,508 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,500 shares during the last quarter. 23.37% of the stock is currently owned by institutional investors.

Vale Company Profile (Get Rating)

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 Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services.

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