Gerdau (GGB) to Release Quarterly Earnings on Thursday

Gerdau (NYSE:GGB - Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Gerdau to post earnings of $0.09 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Gerdau (NYSE:GGB - Get Free Report) last issued its earnings results on Thursday, March 28th. The basic materials company reported $0.07 earnings per share for the quarter. The business had revenue of $2.97 billion during the quarter. Gerdau had a return on equity of 15.05% and a net margin of 10.80%. On average, analysts expect Gerdau to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Gerdau Trading Down 1.8 %

GGB stock traded down $0.06 during mid-day trading on Thursday, reaching $3.50. The company's stock had a trading volume of 16,356,197 shares, compared to its average volume of 8,247,435. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 4.99 and a beta of 1.73. The business's 50 day moving average price is $4.28 and its 200 day moving average price is $4.44. The company has a current ratio of 2.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.20. Gerdau has a 12 month low of $3.42 and a 12 month high of $5.13.

Gerdau's stock is scheduled to split before the market opens on Tuesday, April 30th. The 6-5 split was announced on Tuesday, April 30th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, April 30th.

Gerdau Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th were paid a $0.0202 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.08 dividend on an annualized basis and a yield of 2.31%. Gerdau's dividend payout ratio (DPR) is presently 10.00%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised Gerdau from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $5.00 to $6.00 in a research note on Monday, April 15th.

Gerdau Company Profile

Gerdau SA, together with its subsidiaries, operates as a steel producer company. It operates through Brazil Business, North America Business, South America Business, and Special Steel Business divisions. The company 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.