Jefferies Financial Group Weighs in on Vale S.A.'s FY2021 Earnings (NYSE:VALE)

Thursday, July 22, 2021 | MarketBeat

Vale S.A. (NYSE:VALE) - Research analysts at Jefferies Financial Group decreased their FY2021 earnings per share estimates for Vale in a note issued to investors on Monday, July 19th. Jefferies Financial Group analyst C. Lafemina now expects that the basic materials company will earn $5.32 per share for the year, down from their previous estimate of $5.37. Jefferies Financial Group also issued estimates for Vale's FY2022 earnings at $4.52 EPS. Vale (NYSE:VALE) last posted its quarterly earnings data on Sunday, April 25th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. Vale had a net margin of 22.30% and a return on equity of 49.76%. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.52 billion.

Several other equities research analysts have also recently commented on the stock. Scotiabank reiterated an "outperform" rating and set a $26.00 price target (up previously from $24.00) on shares of Vale in a research report on Monday, July 12th. HSBC lifted their price target on shares of Vale from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, July 15th. Royal Bank of Canada reduced their price objective on shares of Vale from $29.00 to $27.00 and set an "outperform" rating on the stock in a research note on Friday, July 2nd. Finally, Zacks Investment Research lowered shares of Vale from a "buy" rating to a "hold" rating and set a $20.00 price objective on the stock. in a research note on Monday, April 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of "Hold" and an average price target of $21.53.

Shares of NYSE:VALE opened at $22.05 on Thursday. Vale has a one year low of $10.29 and a one year high of $23.17. The business's 50 day simple moving average is $21.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.60 and a current ratio of 1.96. The firm has a market cap of $113.08 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 0.11 and a beta of 1.03.

The business also recently disclosed a Variable dividend, which was paid on Thursday, July 8th. Investors of record on Friday, June 25th were issued a dividend of $1.8803 per share. This represents a dividend yield of 8.92%. This is a positive change from Vale's previous Variable dividend of $0.30. The ex-dividend date of this dividend was Thursday, June 24th. Vale's dividend payout ratio (DPR) is presently 61.61%.

A number of hedge funds have recently added to or reduced their stakes in VALE. Capital International Investors increased its holdings in Vale by 32.5% during the 1st quarter. Capital International Investors now owns 167,132,674 shares of the basic materials company's stock worth $2,904,190,000 after purchasing an additional 41,008,285 shares in the last quarter. BlackRock Inc. increased its holdings in Vale by 14.2% during the 1st quarter. BlackRock Inc. now owns 69,968,346 shares of the basic materials company's stock worth $1,216,049,000 after purchasing an additional 8,719,367 shares in the last quarter. Cullen Capital Management LLC increased its holdings in Vale by 31,851.7% during the 1st quarter. Cullen Capital Management LLC now owns 3,297,093 shares of the basic materials company's stock worth $57,303,000 after purchasing an additional 3,286,774 shares in the last quarter. Capital Bank & Trust Co increased its holdings in Vale by 6,617.7% during the 1st quarter. Capital Bank & Trust Co now owns 3,133,718 shares of the basic materials company's stock worth $54,464,000 after purchasing an additional 3,087,069 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Vale by 307.6% during the 1st quarter. Alliancebernstein L.P. now owns 3,709,604 shares of the basic materials company's stock worth $64,473,000 after purchasing an additional 2,799,539 shares in the last quarter. Hedge funds and other institutional investors own 24.88% of the company's stock.

Vale Company Profile

Vale SA engages in the production and exportation of iron ore, pellets, manganese, and iron alloys. It operates through the following segments: Ferrous Minerals, Base Metals, and Coal. The Ferrous Minerals segment includes production and extraction of iron ore, iron ore pellets, manganese, other ferrous products, and logistic services.

Read More: When can a hold rating present a buying opportunity?

Earnings History and Estimates for Vale (NYSE:VALE)

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