$0.14 Earnings Per Share Expected for VALE S.A. (VALE) This Quarter
Wall Street brokerages predict that VALE S.A. (NYSE:VALE) will report earnings of $0.14 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for VALE’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.04. VALE also reported earnings of $0.14 per share in the same quarter last year. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that VALE will report full year earnings of $1.03 per share for the current financial year, with EPS estimates ranging from $0.95 to $1.14. For the next financial year, analysts expect that the firm will post earnings of $1.04 per share, with EPS estimates ranging from $0.77 to $1.28. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow VALE.
VALE (NYSE:VALE) last issued its earnings results on Thursday, April 27th. The basic materials company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.07. The firm had revenue of $8.52 billion for the quarter. VALE had a return on equity of 16.32% and a net margin of 14.60%.
VALE has been the subject of several research analyst reports. Zacks Investment Research raised VALE from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Thursday, April 6th. Vetr raised VALE from a “buy” rating to a “strong-buy” rating and set a $9.51 target price for the company in a research report on Thursday, April 27th. Credit Suisse Group reaffirmed a “hold” rating and set a $9.00 target price on shares of VALE in a research report on Tuesday, March 28th. Deutsche Bank AG raised their target price on VALE from $12.00 to $12.50 and gave the company a “buy” rating in a research report on Tuesday, March 21st. Finally, HSBC Holdings plc raised VALE from a “hold” rating to a “buy” rating and raised their target price for the company from $8.67 to $8.76 in a research report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $9.34.
Shares of VALE (NYSE:VALE) traded up 0.11% during trading on Thursday, reaching $8.77. 23,310,356 shares of the company were exchanged. The firm’s 50 day moving average price is $8.28 and its 200 day moving average price is $9.10. VALE has a one year low of $4.68 and a one year high of $11.70. The company has a market capitalization of $45.20 billion, a PE ratio of 10.03 and a beta of 1.52.
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Large investors have recently made changes to their positions in the company. Verde Servicos Internacionais S.A. raised its stake in shares of VALE by 158.6% in the second quarter. Verde Servicos Internacionais S.A. now owns 284,500 shares of the basic materials company’s stock valued at $2,489,000 after buying an additional 174,500 shares during the period. Clearbridge Investments LLC raised its stake in shares of VALE by 26.2% in the first quarter. Clearbridge Investments LLC now owns 1,248,410 shares of the basic materials company’s stock valued at $11,860,000 after buying an additional 258,898 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of VALE during the first quarter valued at $2,845,000. Meridian Wealth Management LLC raised its stake in shares of VALE by 159.1% in the first quarter. Meridian Wealth Management LLC now owns 69,290 shares of the basic materials company’s stock valued at $658,000 after buying an additional 42,550 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of VALE by 301.4% in the first quarter. Point72 Asset Management L.P. now owns 104,357 shares of the basic materials company’s stock valued at $991,000 after buying an additional 78,357 shares during the period. 9.03% of the stock is owned by institutional investors.
VALE Company Profile
Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.
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