Vale (NYSE:VALE) Posts Earnings Results, Misses Expectations By $0.36 EPS

Vale (NYSE:VALE) issued its earnings results on Wednesday. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.36), Zacks reports. The company had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $10.03 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%.

Vale Stock Up 0.1 %

Shares of VALE traded up $0.02 during mid-day trading on Friday, hitting $10.17. 22,273,716 shares of the company traded hands, compared to its average volume of 36,878,570. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. Vale has a 1-year low of $8.38 and a 1-year high of $13.76. The company has a market capitalization of $46.14 billion, a PE ratio of 4.71, a price-to-earnings-growth ratio of 0.30 and a beta of 0.91. The business has a 50 day moving average of $9.09 and a 200 day moving average of $9.99.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Jefferies Financial Group lowered their target price on shares of Vale from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Scotiabank lowered their target price on shares of Vale from $14.00 to $13.00 and set a “sector perform” rating for the company in a research note on Monday, January 6th. Barclays dropped their target price on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Morgan Stanley downgraded shares of Vale from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Finally, StockNews.com initiated coverage on Vale in a research note on Friday, December 13th. They set a “buy” rating for the company. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.26.

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.