Vale (NYSE:VALE) Releases Quarterly Earnings Results, Misses Estimates By $1.42 EPS

Vale (NYSE:VALE) released its quarterly earnings data on Wednesday. The basic materials company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.42), FiscalAI reports. Vale had a net margin of 14.69% and a return on equity of 18.60%. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.86 billion.

Vale Stock Down 2.3%

Shares of NYSE VALE opened at $16.64 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.82 and a debt-to-equity ratio of 0.49. Vale has a twelve month low of $8.06 and a twelve month high of $17.72. The business has a 50 day simple moving average of $14.64 and a 200-day simple moving average of $12.39.

Vale Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 12th were paid a $0.2331 dividend. The ex-dividend date was Friday, December 12th. Vale’s dividend payout ratio is 67.69%.

Analysts Set New Price Targets

VALE has been the subject of several analyst reports. Royal Bank Of Canada raised shares of Vale from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $11.00 to $14.20 in a research report on Wednesday, December 10th. Wells Fargo & Company restated a “cautious” rating and set a $15.50 price target on shares of Vale in a research note on Monday. The Goldman Sachs Group lifted their price objective on shares of Vale from $13.80 to $18.00 and gave the company a “buy” rating in a research report on Friday, January 30th. UBS Group boosted their price objective on shares of Vale from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Finally, Scotiabank restated a “sector perform” rating and issued a $16.50 target price on shares of Vale in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $13.88.

Institutional Investors Weigh In On Vale

Several institutional investors have recently bought and sold shares of VALE. Triumph Capital Management acquired a new position in shares of Vale during the third quarter valued at approximately $34,000. Arax Advisory Partners raised its stake in shares of Vale by 1,167.2% in the 4th quarter. Arax Advisory Partners now owns 4,372 shares of the basic materials company’s stock worth $57,000 after buying an additional 4,027 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Vale by 1,064.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,311 shares of the basic materials company’s stock valued at $70,000 after buying an additional 4,855 shares during the period. Kelleher Financial Advisors bought a new position in Vale during the third quarter valued at about $64,000. Finally, Atlas Capital Advisors Inc. bought a new stake in Vale in the fourth quarter worth about $106,000. Institutional investors and hedge funds own 21.85% of the company’s stock.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.