Vale S.A. (NYSE:VALE) announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.15, MarketWatch Earnings reports. Vale had a return on equity of 19.02% and a net margin of 15.25%. The business had revenue of $9.05 billion for the quarter.
Vale (NYSE VALE) opened at $10.07 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.47 and a current ratio of 1.86. Vale has a 52-week low of $6.85 and a 52-week high of $11.72. The stock has a market capitalization of $52,203.69, a P/E ratio of 6.66, a price-to-earnings-growth ratio of 0.62 and a beta of 1.56.
COPYRIGHT VIOLATION WARNING: This article was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.dispatchtribunal.com/2017/11/12/vale-s-a-vale-posts-earnings-results-beats-expectations-by-0-15-eps.html.
A number of equities analysts have issued reports on VALE shares. TheStreet upgraded Vale from a “c+” rating to a “b-” rating in a research report on Wednesday. Morgan Stanley restated an “equal weight” rating and issued a $11.70 target price on shares of Vale in a research report on Monday, September 25th. BidaskClub cut Vale from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Vale in a report on Monday, October 23rd. Finally, BMO Capital Markets set a $8.00 price target on Vale and gave the company a “hold” rating in a report on Tuesday, August 8th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.06.
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.
Receive News & Ratings for Vale S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vale S.A. and related companies with MarketBeat.com's FREE daily email newsletter.