Vale (NYSE:VALE) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Vale (NYSE:VALE) issued its earnings results on Tuesday. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02), FiscalAI reports. Vale had a return on equity of 20.16% and a net margin of 6.12%.The business had revenue of $9.26 billion during the quarter, compared to the consensus estimate of $9.33 billion.

Vale Trading Down 0.7%

NYSE VALE opened at $16.94 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. Vale has a 52 week low of $8.97 and a 52 week high of $17.94. The business has a 50 day moving average price of $16.19 and a 200-day moving average price of $14.45. The company has a market cap of $76.90 billion, a price-to-earnings ratio of 30.26 and a beta of 0.53.

Insiders Place Their Bets

In other Vale news, VP Sobrinho Sami Arap purchased 12,990 shares of Vale stock in a transaction that occurred on Wednesday, April 1st. The stock was acquired at an average price of $16.11 per share, with a total value of $209,268.90. Following the transaction, the vice president owned 12,990 shares in the company, valued at $209,268.90. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Parenti Grazielle Tallia purchased 10,464 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were acquired at an average price of $16.11 per share, with a total value of $168,575.04. Following the purchase, the insider directly owned 10,464 shares in the company, valued at $168,575.04. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sivia Capital Partners LLC bought a new position in Vale in the 2nd quarter valued at about $123,000. Focused Alpha LLC bought a new stake in Vale during the 4th quarter worth approximately $246,000. Vise Technologies Inc. increased its holdings in Vale by 35.7% during the 3rd quarter. Vise Technologies Inc. now owns 22,008 shares of the basic materials company’s stock worth $239,000 after purchasing an additional 5,790 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of Vale in the second quarter worth approximately $222,000. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of Vale by 35.9% in the second quarter. Orion Porfolio Solutions LLC now owns 22,132 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 5,847 shares in the last quarter. 21.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VALE has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Vale from $18.00 to $18.50 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Wall Street Zen downgraded shares of Vale from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada lowered shares of Vale from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $14.50 to $15.50 in a research note on Thursday, March 12th. Scotiabank restated a “sector perform” rating and issued a $16.50 price target on shares of Vale in a report on Monday, February 9th. Finally, Barclays lifted their price target on shares of Vale from $15.50 to $16.50 and gave the company an “overweight” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.02.

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.