Vale SA (VALE) Forecasted to Earn FY2018 Earnings of $1.62 Per Share

Vale SA (NYSE:VALE) – Research analysts at Jefferies Financial Group lowered their FY2018 earnings per share (EPS) estimates for shares of Vale in a note issued to investors on Monday, October 15th. Jefferies Financial Group analyst C. Lafemina now forecasts that the basic materials company will post earnings per share of $1.62 for the year, down from their prior forecast of $1.64. Jefferies Financial Group has a “Buy” rating and a $16.00 price objective on the stock.

Several other brokerages have also recently weighed in on VALE. Zacks Investment Research upgraded Vale from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Monday. Deutsche Bank set a $15.00 price objective on Vale and gave the company a “hold” rating in a report on Tuesday, October 2nd. Macquarie cut Vale from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 25th. ValuEngine upgraded Vale from a “hold” rating to a “buy” rating in a report on Friday, September 21st. Finally, BMO Capital Markets set a $16.00 price objective on Vale and gave the company a “buy” rating in a report on Monday, July 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $15.05.

VALE stock opened at $15.15 on Thursday. The stock has a market cap of $77.43 billion, a price-to-earnings ratio of 11.63 and a beta of 1.72. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.68 and a quick ratio of 1.25. Vale has a 1 year low of $9.53 and a 1 year high of $16.13.

Vale (NYSE:VALE) last released its earnings results on Thursday, July 26th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.18. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.75 billion. Vale had a return on equity of 17.47% and a net margin of 13.17%.

The company also recently announced a special dividend, which was paid on Thursday, September 27th. Investors of record on Monday, August 6th were paid a $0.0462 dividend. The ex-dividend date was Friday, August 3rd. Vale’s dividend payout ratio (DPR) is currently 5.93%.

A number of large investors have recently modified their holdings of VALE. Acadian Asset Management LLC acquired a new stake in Vale in the 2nd quarter valued at about $257,716,000. Fisher Asset Management LLC lifted its stake in Vale by 4,083.7% in the 2nd quarter. Fisher Asset Management LLC now owns 16,351,908 shares of the basic materials company’s stock valued at $209,631,000 after purchasing an additional 15,961,058 shares during the last quarter. Van ECK Associates Corp lifted its stake in Vale by 482.3% in the 2nd quarter. Van ECK Associates Corp now owns 7,342,562 shares of the basic materials company’s stock valued at $94,132,000 after purchasing an additional 6,081,542 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Vale by 90.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,910,310 shares of the basic materials company’s stock valued at $62,816,000 after purchasing an additional 2,327,520 shares during the last quarter. Finally, USS Investment Management Ltd lifted its stake in Vale by 44.4% in the 2nd quarter. USS Investment Management Ltd now owns 6,227,036 shares of the basic materials company’s stock valued at $79,799,000 after purchasing an additional 1,914,500 shares during the last quarter. Institutional investors and hedge funds own 20.01% of the company’s stock.

About Vale

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pallets for use as raw materials in steelmaking in Brazil and internationally. It operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services, as well as engages in the provision of related railroad, port, and terminal logistics services.

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Earnings History and Estimates for Vale (NYSE:VALE)

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