Brokers Set Expectations for Vale SA’s FY2018 Earnings (VALE)

Vale SA (NYSE:VALE) – Jefferies Financial Group lowered their FY2018 earnings estimates for Vale in a research note issued on Monday, October 15th, Zacks Investment Research reports. Jefferies Financial Group analyst C. Lafemina now anticipates 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 target on the stock.

A number of other research analysts have also recently commented on VALE. Zacks Investment Research cut Vale from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 15th. Royal Bank of Canada reiterated a “hold” rating and issued a $12.00 price objective on shares of Vale in a report on Wednesday, July 25th. ValuEngine cut Vale from a “buy” rating to a “hold” rating in a report on Friday, August 17th. 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. Finally, Citigroup cut Vale from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $15.13.

VALE traded down $0.57 during trading hours on Thursday, reaching $14.60. The company’s stock had a trading volume of 35,420,831 shares, compared to its average volume of 23,890,706. Vale has a fifty-two week low of $9.53 and a fifty-two week high of $16.13. The stock has a market capitalization of $79.93 billion, a PE ratio of 10.81 and a beta of 1.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.21 and a current ratio of 1.65.

Vale (NYSE:VALE) last released its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Vale had a return on equity of 17.87% and a net margin of 10.70%. The firm had revenue of $9.54 billion for the quarter, compared to analysts’ expectations of $8.97 billion.

Large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. lifted its stake in Vale by 1,518.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,027 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 7,531 shares in the last quarter. Smithfield Trust Co. acquired a new stake in shares of Vale in the second quarter valued at $121,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Vale in the first quarter valued at $127,000. Moors & Cabot Inc. acquired a new stake in shares of Vale in the first quarter valued at $132,000. Finally, Johnson Financial Group Inc. raised its stake in shares of Vale by 84.1% in the second quarter. Johnson Financial Group Inc. now owns 11,600 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 5,300 shares in the last quarter. Institutional investors own 20.35% of the company’s stock.

Vale Company Profile

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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