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GE   82.08 (-1.85%)
DIS   93.90 (+1.46%)
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NYSE:GGB

Gerdau - GGB Stock Forecast, Price & News

$6.01
+0.07 (+1.18%)
(As of 12/9/2022 02:09 PM ET)
Add
Compare
Today's Range
$5.90
$6.07
50-Day Range
$4.52
$6.10
52-Week Range
$3.94
$6.62
Volume
577,433 shs
Average Volume
15.06 million shs
Market Capitalization
$10.34 billion
P/E Ratio
3.88
Dividend Yield
22.35%
Price Target
N/A

Gerdau MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.14% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.46mentions of Gerdau in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-49.02%
From $1.53 to $0.78 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Basic Materials Sector

105th out of 163 stocks

Steel Works, Blast Furnaces, & Rolling & Finishing Mills Industry

4th out of 5 stocks

GGB stock logo

About Gerdau (NYSE:GGB) Stock

Gerdau S.A. provides steel products and services. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It offers 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; finished industrial products, including commercial rolled-steel bars, and light profiles and wires; agricultural products that include stakes and smooth wire products; and drawn products comprises barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, and clamps. The company also produces special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets. In addition, it offers flat products, including hot rolled coils and heavy plates; and resells flat steel products, as well as mines and produces iron ore. It sells its products through independent distributors, direct sales from the mills, and through its retail network. The company was founded in 1901 and is based in Sao Paulo, Brazil.

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GGB Stock News Headlines

Gerdau (NYSE:GGB) Stock Price Up 2.4%
Gerdau (NYSE:GGB) Sees Large Volume Increase
Gerdau (NYSE:GGB) Trading 7.5% Higher
Gerdau S/A ADR
Gerdau S.A. (GGB)
Thursday's ETF Movers: ILF, QCLN - Nasdaq
See More Headlines
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GGB Company Calendar

Last Earnings
10/03/2021
Ex-Dividend for 12/21 Dividend
11/22/2022
Today
12/09/2022
Dividend Payable
12/21/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/30/2023

Industry, Sector and Symbol

Industry
Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry
N/A
Employees
27,739
Year Founded
N/A

Profitability

Net Income
$2.87 billion
Pretax Margin
20.53%

Debt

Sales & Book Value

Annual Sales
$14.52 billion
Cash Flow
$1.96 per share
Book Value
$4.61 per share

Miscellaneous

Outstanding Shares
1,719,660,000
Free Float
1,719,315,000
Market Cap
$10.34 billion
Optionable
Optionable
Beta
1.57

Key Executives

  • Mr. Gustavo Werneck Da Cunha (Age 49)
    CEO & Director
  • Mr. Claudio Gerdau Johannpeter (Age 59)
    Vice Chairman
  • Mr. Rafael Dorneles Japur (Age 40)
    Exec. VP, CFO & Investor Relations Officer
  • Mr. Clemir Uhlein (Age 55)
    Corp. Accounting Director
  • Mr. Fabio Eduardo de Pieri Spina (Age 50)
    Director of Legal & Institutional Relations
  • Mr. Pedro Moraes Torres Pinto (Age 39)
    Head of Corp. Communication & Brand
  • Mr. Paulo Roberto Perlott Ramos (Age 69)
    Director of Marketing, Sales and Metallics
  • Mr. Chia Yuan Wang
    Pres & CEO of North American Long Steel Operation
  • Mr. Mauro De Paula (Age 60)
    Exec. Officer
  • Mr. Cesar Obino Da Rosa Peres (Age 60)
    Exec. Officer













GGB Stock - Frequently Asked Questions

Should I buy or sell Gerdau stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gerdau in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GGB shares.
View GGB analyst ratings
or view top-rated stocks.

How have GGB shares performed in 2022?

Gerdau's stock was trading at $4.92 at the beginning of 2022. Since then, GGB shares have increased by 20.7% and is now trading at $5.94.
View the best growth stocks for 2022 here
.

Are investors shorting Gerdau?

Gerdau saw a increase in short interest in November. As of November 15th, there was short interest totaling 12,020,000 shares, an increase of 575.3% from the October 31st total of 1,780,000 shares. Based on an average trading volume of 13,390,000 shares, the short-interest ratio is currently 0.9 days. Currently, 1.1% of the company's shares are sold short.
View Gerdau's Short Interest
.

When is Gerdau's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 30th 2023.
View our GGB earnings forecast
.

How were Gerdau's earnings last quarter?

Gerdau S.A. (NYSE:GGB) released its earnings results on Sunday, October, 3rd. The basic materials company reported $1.96 EPS for the quarter, missing the consensus estimate of $2.27 by $0.31. Gerdau had a trailing twelve-month return on equity of 30.08% and a net margin of 16.05%.

How often does Gerdau pay dividends? What is the dividend yield for Gerdau?

Gerdau declared a Variable dividend on Wednesday, November 9th. Stockholders of record on Wednesday, November 23rd will be paid a dividend of $0.404 per share on Wednesday, December 21st. This represents a dividend yield of 0.4%. The ex-dividend date is Tuesday, November 22nd.
Read our dividend analysis for GGB
.

Is Gerdau a good dividend stock?

Gerdau (NYSE:GGB) pays an annual dividend of $1.34 per share and currently has a dividend yield of 22.35%. GGB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 86.45%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, GGB will have a dividend payout ratio of 171.79% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GGB.

What is André Bier Gerdau Johannpeter's approval rating as Gerdau's CEO?

96 employees have rated Gerdau Chief Executive Officer André Bier Gerdau Johannpeter on Glassdoor.com. André Bier Gerdau Johannpeter has an approval rating of 53% among the company's employees. This puts André Bier Gerdau Johannpeter in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Gerdau own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gerdau investors own include Bank of America (BAC), Intelsat (I), Companhia Siderúrgica Nacional (SID), Mallinckrodt (MNK), Fossil Group (FOSL), Ciena (CIEN), Vale (VALE), AMC Entertainment (AMC), Associated British Foods (ABF) and Chaarat Gold (CGH).

What is Gerdau's stock symbol?

Gerdau trades on the New York Stock Exchange (NYSE) under the ticker symbol "GGB."

Who are Gerdau's major shareholders?

Gerdau's stock is owned by a number of institutional and retail investors. Top institutional investors include Contrarian Capital Management L.L.C. (1.13%), Dimensional Fund Advisors LP (0.72%), Fisher Asset Management LLC (0.59%), Itau Unibanco Holding S.A. (0.53%), BlackRock Inc. (0.42%) and Vanguard Group Inc. (0.26%).

How do I buy shares of Gerdau?

Shares of GGB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Gerdau's stock price today?

One share of GGB stock can currently be purchased for approximately $5.94.

How much money does Gerdau make?

Gerdau (NYSE:GGB) has a market capitalization of $10.21 billion and generates $14.52 billion in revenue each year. The basic materials company earns $2.87 billion in net income (profit) each year or $1.55 on an earnings per share basis.

How many employees does Gerdau have?

The company employs 27,739 workers across the globe.

How can I contact Gerdau?

Gerdau's mailing address is AV DOUTORA RUTH CARDOSO 8 501 8TH FLOOR, SAO PAULO SP D5, 05425. The official website for the company is www2.gerdau.com. The basic materials company can be reached via phone at 551130946300, via email at inform@gerdau.com, or via fax at 55-51-3323-2222.

This page (NYSE:GGB) was last updated on 12/9/2022 by MarketBeat.com Staff