Gerdau (GGB) Projected to Post Earnings on Monday

Gerdau (NYSE:GGB - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Monday, April 28th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $2.97 billion for the quarter.

Gerdau (NYSE:GGB - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Gerdau had a return on equity of 7.74% and a net margin of 7.03%. The firm had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.66 billion. On average, analysts expect Gerdau to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Gerdau Stock Performance

Shares of GGB traded down $0.10 during trading hours on Wednesday, hitting $2.61. The stock had a trading volume of 13,428,019 shares, compared to its average volume of 9,304,805. Gerdau has a 12 month low of $2.27 and a 12 month high of $4.04. The stock has a fifty day moving average price of $2.76 and a 200 day moving average price of $3.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.98 and a quick ratio of 1.53. The firm has a market capitalization of $5.43 billion, a PE ratio of 6.07 and a beta of 1.37.

Gerdau Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.0175 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 2.69%. Gerdau's dividend payout ratio is currently 20.69%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Bank of America reissued a "neutral" rating on shares of Gerdau in a report on Monday, April 7th. UBS Group cut their price objective on shares of Gerdau from $3.30 to $2.90 and set a "neutral" rating for the company in a research report on Wednesday.

About Gerdau

Gerdau SA, together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets.