$0.26 Earnings Per Share Expected for Vale S.A. (VALE) This Quarter

Brokerages expect Vale S.A. (NYSE:VALE) to report earnings of $0.26 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Vale’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.25. Vale posted earnings of $0.19 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 36.8%. The firm is scheduled to report its next earnings results before the market opens on Thursday, October 26th.

According to Zacks, analysts expect that Vale will report full-year earnings of $1.12 per share for the current year, with EPS estimates ranging from $0.97 to $1.37. For the next fiscal year, analysts forecast that the company will post earnings of $1.10 per share, with EPS estimates ranging from $0.73 to $1.28. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Vale.

Vale (NYSE:VALE) last issued its earnings results on Thursday, July 27th. The basic materials company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $7.24 billion for the quarter. Vale had a net margin of 11.01% and a return on equity of 16.74%.

VALE has been the topic of several recent analyst reports. Santander raised shares of Vale from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Deutsche Bank AG reissued a “buy” rating and issued a $12.00 target price (down previously from $12.50) on shares of Vale in a research note on Sunday, June 25th. Credit Suisse Group set a $8.00 target price on shares of Vale and gave the company a “hold” rating in a research note on Thursday, July 27th. BidaskClub raised shares of Vale from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, Clarkson Capital reissued a “neutral” rating on shares of Vale in a research note on Monday, July 10th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Vale currently has a consensus rating of “Buy” and an average target price of $9.72.

Institutional investors have recently modified their holdings of the business. Commerzbank Aktiengesellschaft FI grew its holdings in Vale by 17.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 878,447 shares of the basic materials company’s stock worth $7,686,000 after acquiring an additional 127,916 shares in the last quarter. Verde Servicos Internacionais S.A. grew its holdings in Vale by 158.6% during the 2nd quarter. Verde Servicos Internacionais S.A. now owns 284,500 shares of the basic materials company’s stock worth $2,489,000 after acquiring an additional 174,500 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in Vale by 108.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 845,815 shares of the basic materials company’s stock worth $7,401,000 after acquiring an additional 441,019 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Vale by 74.3% during the 2nd quarter. Victory Capital Management Inc. now owns 582,581 shares of the basic materials company’s stock worth $5,098,000 after acquiring an additional 248,361 shares in the last quarter. Finally, GAM Holding AG grew its holdings in Vale by 1.8% during the 2nd quarter. GAM Holding AG now owns 560,000 shares of the basic materials company’s stock worth $4,900,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 9.57% of the company’s stock.

Shares of Vale (NYSE:VALE) traded up 0.72% during midday trading on Thursday, reaching $9.86. 21,134,272 shares of the company’s stock were exchanged. The stock has a market cap of $50.81 billion, a PE ratio of 14.23 and a beta of 1.51. Vale has a 12-month low of $5.51 and a 12-month high of $11.72. The stock’s 50 day moving average is $10.58 and its 200-day moving average is $9.33.

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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.

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