Vale (VALE) Expected to Announce Earnings on Wednesday

Vale (NYSE:VALE - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect Vale to post earnings of $0.43 per share and revenue of $8.39 billion for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Vale (NYSE:VALE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.36). The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.03 billion. Vale had a net margin of 16.15% and a return on equity of 17.38%. On average, analysts expect Vale to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vale Stock Up 1.1 %

Vale stock traded up $0.10 during mid-day trading on Friday, reaching $9.10. The stock had a trading volume of 26,699,005 shares, compared to its average volume of 30,599,021. Vale has a one year low of $8.06 and a one year high of $13.14. The company has a 50-day moving average price of $9.58 and a two-hundred day moving average price of $9.68. The company has a market capitalization of $41.28 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 0.31 and a beta of 0.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58.

Vale Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.3758 dividend. This represents a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Vale's previous semi-annual dividend of $0.30. Vale's dividend payout ratio is currently 52.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com began coverage on shares of Vale in a report on Wednesday, April 2nd. They issued a "hold" rating for the company. Jefferies Financial Group decreased their price target on Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Wolfe Research raised Vale from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Bank of America upgraded Vale from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $11.00 to $11.50 in a report on Thursday, April 10th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $11.00 target price (down previously from $12.00) on shares of Vale in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $12.44.

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.