Vale (VALE) to Release Earnings on Wednesday

Vale (NYSE:VALE - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.43 per share and revenue of $8.39 billion for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Vale (NYSE:VALE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.36). Vale had a return on equity of 17.38% and a net margin of 16.15%. The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.03 billion. 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 VALE traded up $0.10 during trading hours on Friday, reaching $9.10. 26,699,005 shares of the company traded hands, compared to its average volume of 30,596,891. Vale has a 1-year low of $8.06 and a 1-year high of $13.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The stock has a market cap of $41.28 billion, a P/E ratio of 6.32, a price-to-earnings-growth ratio of 0.31 and a beta of 0.73. The stock's fifty day moving average is $9.59 and its 200 day moving average is $9.72.

Vale Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Scotiabank dropped their target price on Vale from $14.00 to $13.00 and set a "sector perform" rating for the company in a report on Monday, January 6th. StockNews.com assumed coverage on Vale in a report on Wednesday, April 2nd. They set a "hold" rating on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $11.00 target price (down previously from $12.00) on shares of Vale in a research note on Thursday. Jefferies Financial Group decreased their price objective on Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Finally, Wolfe Research upgraded shares of Vale from an "underperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Vale currently has an average rating of "Hold" and an average price target of $12.44.

About Vale

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.