Vale (NYSE:VALE) Issues Quarterly Earnings Results

Key Points

• Vale reported quarterly EPS of $0.29, missing analysts’ consensus estimate of $0.38 by $0.09. The company posted a 19.87% return on equity and a 5.11% net margin.
• Vale shares fell to $11.18, near their 12-month low of $11.14, while trading volume exceeded its average. The stock has a market capitalization of $50.74 billion and a 22.81 price-to-earnings ratio.
• The company paid a special dividend of $0.3088 per share. Analysts’ consensus rating remains “Hold,” with a consensus price target of $15.71.

Vale (NYSE:VALE - Get Free Report) announced its quarterly earnings data on Thursday. The basic materials company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.09), Zacks reports. Vale had a return on equity of 19.87% and a net margin of 5.11%.

Vale Stock Performance

Shares of NYSE:VALE traded down $0.29 during trading on Thursday, reaching $11.18. 34,011,872 shares of the stock were exchanged, compared to its average volume of 30,468,791. The firm has a market cap of $50.74 billion, a PE ratio of 22.81 and a beta of 0.42. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $13.98 and a 200-day moving average price of $15.27. Vale has a 12 month low of $11.14 and a 12 month high of $17.94.

Vale Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th were given a dividend of $0.3088 per share. The ex-dividend date of this dividend was Thursday, August 13th. Vale's payout ratio is 89.80%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Vale in a research note on Friday, October 2nd. Wall Street Zen downgraded Vale from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. Freedom Broker downgraded Vale from a "hold" rating to a "strong sell" rating in a report on Thursday, September 3rd. JPMorgan Chase & Co. upped their price objective on shares of Vale from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, September 30th. Finally, Barclays cut their price target on shares of Vale from $17.00 to $15.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 13th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $15.71.

Vale Company Profile

Vale SA is a Brazil-based global mining and logistics company best known for producing iron ore and iron ore pellets, key raw materials used in steelmaking. The company also produces nickel, copper, manganese ore, coal and other mineral products, with operations spanning exploration, extraction, processing and transportation.

Vale operates an extensive logistics network that includes railways, ports and maritime transportation systems, primarily supporting the movement of minerals from its production sites to domestic and international customers.

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