Vale (VALE) Projected to Post Quarterly Earnings on Wednesday

Vale (NYSE:VALE) is expected to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect Vale to post earnings of $0.43 per share and revenue of $8.39 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Vale (NYSE:VALE) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.36). The firm had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.03 billion. Vale had a return on equity of 17.38% and a net margin of 16.15%. 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 NYSE:VALE opened at $9.13 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58. Vale has a 1 year low of $8.06 and a 1 year high of $13.14. The firm has a market capitalization of $41.42 billion, a PE ratio of 6.34, a P/E/G ratio of 0.31 and a beta of 0.73. The business’s 50 day moving average price is $9.61 and its 200-day moving average price is $9.75.

Vale Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.3758 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a yield of 7.5%. This is a positive change from Vale’s previous semi-annual dividend of $0.30. Vale’s dividend payout ratio (DPR) is presently 52.08%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VALE. Jefferies Financial Group reduced their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Bank of America upgraded shares of Vale from a “neutral” rating to a “buy” rating and increased their price objective for the company from $11.00 to $11.50 in a report on Thursday, April 10th. Scotiabank dropped their price target on Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research report on Monday, January 6th. Wolfe Research upgraded Vale from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, StockNews.com started coverage on Vale in a research note on Wednesday, April 2nd. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Vale presently has an average rating of “Hold” and an average price target of $12.65.

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.