Analysts Anticipate Vale SA (VALE) to Post $0.24 Earnings Per Share

Equities research analysts predict that Vale SA (NYSE:VALE) will post $0.24 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Vale’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.31. Vale posted earnings per share of $0.53 in the same quarter last year, which would indicate a negative year-over-year growth rate of 54.7%. The business is expected to issue its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Vale will report full year earnings of $1.24 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.30. For the next financial year, analysts anticipate that the company will report earnings of $1.17 per share, with EPS estimates ranging from $0.76 to $1.60. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Vale.

Several equities research analysts recently commented on VALE shares. Royal Bank of Canada upgraded shares of Vale from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $11.00 to $14.50 in a research note on Monday, November 20th. Credit Suisse Group reissued a “buy” rating and set a $16.00 price objective on shares of Vale in a research report on Wednesday, January 24th. UBS Group raised shares of Vale from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. Morgan Stanley raised shares of Vale from an “equal weight” rating to an “overweight” rating and set a $12.00 price objective on the stock in a research report on Monday, November 27th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of Vale in a research report on Monday, October 23rd. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Vale presently has a consensus rating of “Buy” and an average target price of $11.79.

Shares of Vale (VALE) opened at $14.00 on Thursday. Vale has a one year low of $7.47 and a one year high of $14.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.47 and a current ratio of 1.86. The company has a market cap of $71,090.00, a price-to-earnings ratio of 10.94, a P/E/G ratio of 0.86 and a beta of 1.67.

The company also recently announced a None dividend, which will be paid on Thursday, March 22nd. Stockholders 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 26.56%.

Several large investors have recently modified their holdings of VALE. Verition Fund Management LLC purchased a new stake in shares of Vale in the second quarter valued at about $107,000. Rational Advisors LLC purchased a new stake in shares of Vale in the fourth quarter valued at about $122,000. KCS Wealth Advisory purchased a new stake in shares of Vale in the fourth quarter valued at about $125,000. GWM Advisors LLC purchased a new stake in shares of Vale in the fourth quarter valued at about $149,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Vale in the third quarter valued at about $151,000. 19.06% of the stock is currently owned by institutional investors and hedge funds.

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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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