Vale (NYSE:VALE) Posts Earnings Results, Misses Expectations By $0.36 EPS

Vale (NYSE:VALE) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.36), Zacks reports. The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $10.03 billion. Vale had a net margin of 22.59% and a return on equity of 21.07%.

Vale Stock Up 0.1 %

Shares of VALE stock traded up $0.02 on Friday, hitting $10.17. The stock had a trading volume of 19,999,683 shares, compared to its average volume of 36,844,668. Vale has a one year low of $8.38 and a one year high of $13.76. The business has a 50 day moving average price of $9.09 and a 200 day moving average price of $9.99. The company has a market cap of $46.14 billion, a PE ratio of 4.71, a P/E/G ratio of 0.30 and a beta of 0.91. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39.

Analyst Ratings Changes

Several analysts have commented on VALE shares. Jefferies Financial Group cut their target price on Vale from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Barclays dropped their target price on shares of Vale from $16.00 to $15.25 and set an “overweight” rating for the company in a report on Wednesday, December 4th. Morgan Stanley lowered Vale from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. UBS Group downgraded shares of Vale from a “buy” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $11.50 in a report on Monday, November 11th. Finally, Wolfe Research raised shares of Vale from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.26.

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.