Analysts Expect VALE S.A. (VALE) to Post $0.37 Earnings Per Share

Wall Street analysts forecast that VALE S.A. (NYSE:VALE) will report earnings of $0.37 per share for the current quarter, Zacks reports. Zero analysts have made estimates for VALE’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.61. VALE posted earnings per share of $0.19 in the same quarter last year, which would indicate a positive year over year growth rate of 94.7%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, October 26th.

According to Zacks, analysts expect that VALE will report full-year earnings of $1.24 per share for the current financial year, with EPS estimates ranging from $0.97 to $1.39. For the next financial year, analysts forecast that the company will report earnings of $1.16 per share, with EPS estimates ranging from $0.73 to $1.62. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover VALE.

VALE (NYSE:VALE) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $7.24 billion during the quarter. VALE had a net margin of 11.01% and a return on equity of 16.74%.

Several research firms have recently issued reports on VALE. Jefferies Group LLC reaffirmed a “hold” rating on shares of VALE in a research note on Tuesday, October 3rd. TheStreet downgraded VALE from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Morgan Stanley began coverage on VALE in a research note on Monday, September 25th. They set a “weight” rating for the company. BidaskClub downgraded VALE from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, Royal Bank Of Canada set a $11.00 price target on VALE and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. VALE currently has a consensus rating of “Buy” and an average price target of $9.72.

A number of institutional investors and hedge funds have recently bought and sold shares of VALE. Balyasny Asset Management LLC purchased a new stake in VALE in the 2nd quarter valued at about $42,373,000. Acadian Asset Management LLC grew its holdings in VALE by 55.2% in the 2nd quarter. Acadian Asset Management LLC now owns 10,948,983 shares of the basic materials company’s stock valued at $95,804,000 after buying an additional 3,892,825 shares during the period. Trilogy Global Advisors LP purchased a new stake in VALE in the 2nd quarter valued at about $30,124,000. Key Group Holdings Cayman LTD. purchased a new stake in VALE in the 2nd quarter valued at about $15,903,000. Finally, NINE MASTS CAPITAL Ltd grew its holdings in VALE by 201.4% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 2,415,425 shares of the basic materials company’s stock valued at $21,135,000 after buying an additional 1,613,942 shares during the period. Institutional investors own 9.55% of the company’s stock.

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Shares of VALE (VALE) traded down 1.71% during midday trading on Thursday, hitting $10.32. 20,818,470 shares of the stock were exchanged. The firm has a 50-day moving average price of $10.56 and a 200 day moving average price of $9.34. The firm has a market cap of $53.18 billion, a PE ratio of 14.89 and a beta of 1.52. VALE has a 12-month low of $5.60 and a 12-month high of $11.72.

VALE Company Profile

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

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