Vale (NYSE: VALE) Reports Quarterly Results, Misses $ 0.36 EPS Expectations
Vale (NYSE: VALE) released its quarterly results Thursday. The basic materials company reported earnings per share (EPS) of $ 0.76 for the quarter, missing the Thomson Reuters consensus estimate of $ 1.12 per ($ 0.36), reports Fidelity Earnings. Vale recorded a return on equity of 65.49% and a net margin of 30.59%.
NYSE VALE shares traded down $ 0.47 at midday on Friday, reaching $ 12.73. 39,762,673 shares of the company were traded for an average volume of 29,795,662. The stock has a market cap of $ 65.28 billion, a P / E ratio of 3.87, a PEG ratio of 0, 10 and a beta of 0.98. The company has a leverage ratio of 0.41, a current ratio of 1.77, and a quick ratio of 1.44. Vale has a one-year low at $ 10.45 and a one-year high at $ 23.17. The company has a 50-day simple moving average of $ 15.93 and a 200-day simple moving average of $ 19.46.
The company also recently disclosed a semi-annual dividend, which was paid on Friday, October 8. Shareholders of record on Friday September 24 received a dividend of $ 0.684 per share. This is a boost from Vale’s previous semi-annual dividend of $ 0.30. This represents a dividend yield of 16.36%. The ex-dividend date was Thursday, September 23. Vale’s dividend payout ratio (DPR) is currently 142.65%.
Several stock analysts recently commented on the title. The UBS Group has downgraded the rating of Vale’s shares from a “buy” rating to a “sell” rating and has set a price target of $ 15.00 for the company. in a research note on Friday, September 17. Zacks Investment Research downgraded Vale’s stock rating from a “buy” rating to a “hold” rating and set a price target of $ 19.00 for the company. in a research note on Tuesday August 24. Exane BNP Paribas downgraded Vale shares from an “underperforming” rating to a “neutral” rating and set a price target of $ 15.80 for the company in a research note on Wednesday, October 6. Royal Bank of Canada downgraded Vale’s stock rating from “outperform” to “underperform” and lowered its price target for the company from $ 17.00 to $ 12.50 in a research note on Thursday, October 21. Finally, HSBC downgraded Vale’s stock rating from a “buy” rating to a “hold” rating and set a price target of $ 15.50 for the company. in a research note on Tuesday, September 21. Two equity research analysts gave the stock a sell rating, seven assigned a conservation rating, and three gave the company a buy rating. According to data from MarketBeat.com, Vale has an average “Hold” rating and a consensus target price of $ 18.09.
Vale Company Profile
Vale SA is engaged in the production and export of iron ore, pellets, manganese and iron alloys. It operates through the following segments: Ferrous minerals, base metals and coal. Ferrous minerals segment includes the production and mining of iron ore, iron ore pellets, manganese, other ferrous products and logistics services.
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