Wall Street brokerages expect Vale SA (NYSE:VALE) to announce earnings per share of $0.23 for the current quarter, according to Zacks. Zero analysts have made estimates for Vale’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.17. Vale reported earnings per share of $0.53 during the same quarter last year, which would suggest a negative year over year growth rate of 56.6%. The business is expected to issue its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Vale will report full-year earnings of $1.24 per share for the current financial year, with EPS estimates ranging from $1.12 to $1.33. For the next year, analysts expect that the business will report earnings of $1.10 per share, with EPS estimates ranging from $0.76 to $1.57. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Vale.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.15. Vale had a return on equity of 21.71% and a net margin of 26.25%. The firm had revenue of $9.05 billion for the quarter.

VALE has been the topic of a number of research reports. BidaskClub downgraded Vale from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 15th. Morgan Stanley reissued an “equal weight” rating and issued a $11.70 price objective on shares of Vale in a research note on Monday, September 25th. Jefferies Group reissued a “hold” rating on shares of Vale in a research note on Tuesday, October 3rd. Royal Bank of Canada set a $11.00 price objective on Vale and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, Zacks Investment Research raised Vale from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Wednesday, October 18th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Vale has an average rating of “Buy” and an average price target of $11.51.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Trust N.A. grew its holdings in shares of Vale by 8.4% in the 2nd quarter. Raymond James Trust N.A. now owns 11,560 shares of the basic materials company’s stock worth $101,000 after acquiring an additional 893 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Vale during the second quarter valued at $107,000. Private Advisor Group LLC purchased a new position in shares of Vale during the second quarter valued at $127,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Vale during the third quarter valued at $151,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Vale during the third quarter valued at $171,000. Institutional investors and hedge funds own 18.89% of the company’s stock.

Shares of Vale (NYSE VALE) opened at $13.45 on Friday. Vale has a 12 month low of $7.47 and a 12 month high of $13.46. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $70,670.00, a price-to-earnings ratio of 10.27, a PEG ratio of 0.97 and a beta of 1.59.

The business also recently announced a None dividend, which will be paid on Thursday, March 22nd. Investors of record on Tuesday, December 26th will be issued a $0.098 dividend. The ex-dividend date is Friday, December 22nd. Vale’s payout ratio is 25.95%.

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About Vale

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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