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NYSE:GGB

Gerdau Stock Forecast, Price & News

$4.52
-0.04 (-0.88%)
(As of 11/30/2021 12:00 AM ET)
Add
Compare
Today's Range
$4.44
$4.70
50-Day Range
$4.26
$5.24
52-Week Range
$4.16
$7.27
Volume
9.36 million shs
Average Volume
12.07 million shs
Market Capitalization
$7.77 billion
P/E Ratio
3.18
Dividend Yield
22.59%
Beta
1.6
30 days | 90 days | 365 days | Advanced Chart
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Gerdau logo

About Gerdau

Gerdau SA engages in the production and commercialization of steel products. It operates through the following segments: Brazil Operation, North America Operation, South Africa Operation, and Special Steels Operation. The Brazil Operation segment includes rebar, bars, shapes, drawn products, billets, blooms, slabs; wire rod, structural shapes, and iron ore. The North America Operation segment consists of rebar, bars, wire rod, and light and heavy structural shapes. The South Africa Operation segment covers rebar, bars, and drawn products. The Special Steels Operation segment comprises of stainless steel, round, square and flat bars, and wire rod. The company was founded by João Gerdau and Hugo Gerdau on January 16, 1901 and is headquartered in Sao Paulo, Brazil.

Headlines

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Industry, Sector and Symbol

Industry
Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry
N/A
Employees
24,613
Year Founded
N/A

Sales & Book Value

Annual Sales
$8.51 billion
Cash Flow
$0.55 per share
Book Value
$3.51 per share

Profitability

Net Income
$458.96 million
Pretax Margin
25.99%

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares
1,719,659,000
Free Float
1,719,315,000
Market Cap
$7.77 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/29/2021
Last Earnings
10/27/2021
Dividend Payable
11/23/2021
Today
11/30/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
4/20/2022

MarketRank

Overall MarketRank

2.45 out of 5 stars

Basic Materials Sector

61st out of 220 stocks

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

1st out of 6 stocks

Analyst Opinion: 3.3Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -












Gerdau (NYSE:GGB) Frequently Asked Questions

Is Gerdau a buy right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gerdau in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Gerdau stock.
View analyst ratings for Gerdau
or view top-rated stocks.

How has Gerdau's stock been impacted by COVID-19 (Coronavirus)?

Gerdau's stock was trading at $2.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GGB shares have increased by 66.2% and is now trading at $4.52.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Gerdau?

Gerdau saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 7,570,000 shares, a drop of 23.7% from the October 31st total of 9,920,000 shares. Based on an average daily volume of 9,240,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.7% of the company's stock are sold short.
View Gerdau's Short Interest
.

When is Gerdau's next earnings date?

Gerdau is scheduled to release its next quarterly earnings announcement on Wednesday, April 20th 2022.
View our earnings forecast for Gerdau
.

How were Gerdau's earnings last quarter?

Gerdau S.A. (NYSE:GGB) released its quarterly earnings results on Wednesday, October, 27th. The basic materials company reported $0.62 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.38 by $0.24. The basic materials company earned $4.08 billion during the quarter, compared to analysts' expectations of $3.61 billion. Gerdau had a trailing twelve-month return on equity of 36.56% and a net margin of 18.55%.
View Gerdau's earnings history
.

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

Gerdau declared a Variable dividend on Wednesday, September 22nd. Stockholders of record on Thursday, September 30th will be given a dividend of $0.0814 per share on Tuesday, November 23rd. This represents a dividend yield of 7.2%. The ex-dividend date of this dividend is Wednesday, September 29th. This is an increase from Gerdau's previous Variable dividend of $0.01.
View Gerdau's dividend history
.

Is Gerdau a good dividend stock?

Gerdau pays an annual dividend of $1.03 per share and currently has a dividend yield of 22.59%. GGB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Gerdau is 72.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Gerdau will have a dividend payout ratio of 119.77% in the coming year. This indicates that Gerdau may not be able to sustain their current dividend.
View Gerdau's dividend history.

What price target have analysts set for GGB?

6 Wall Street analysts have issued 1-year target prices for Gerdau's shares. Their forecasts range from $6.10 to $6.10. On average, they anticipate Gerdau's stock price to reach $6.10 in the next twelve months. This suggests a possible upside of 35.0% from the stock's current price.
View analysts' price targets for Gerdau
or view top-rated stocks among Wall Street analysts.

Who are Gerdau's key executives?

Gerdau's management team includes the following people:
  • Gustavo Werneck da Cunha, Chief Executive Officer & Director
  • Harley Lorentz Scardoelli, Chief Financial Officer & Vice President
  • Fernando Storchi, General Manager-Finance
  • Wendel Gomes da Silva, Director-Mining & Raw Materials
  • Elder Rapachi, Manager-Sales & Operations Planning, Logistics

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

96 employees have rated Gerdau CEO André Bier Gerdau Johannpeter on Glassdoor.com. André Bier Gerdau Johannpeter has an approval rating of 53% among Gerdau'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 retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (0.53%), Fisher Asset Management LLC (0.50%), BlackRock Inc. (0.41%), Renaissance Technologies LLC (0.36%), Two Sigma Investments LP (0.30%) and Deutsche Bank AG (0.24%).

Which institutional investors are selling Gerdau stock?

GGB stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Arrowstreet Capital Limited Partnership, Two Sigma Investments LP, Millennium Management LLC, Two Sigma Advisers LP, Voloridge Investment Management LLC, and Fisher Asset Management LLC.

Which institutional investors are buying Gerdau stock?

GGB stock was purchased by a variety of institutional investors in the last quarter, including SPX Equities Gestao de Recursos Ltda, Deutsche Bank AG, Goldman Sachs Group Inc., Dimensional Fund Advisors LP, Rockefeller Capital Management L.P., Invesco Ltd., Windsor Creek Advisors LLC, and Panagora Asset Management Inc..

How do I buy shares of Gerdau?

Shares of GGB 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 $4.52.

How much money does Gerdau make?

Gerdau has a market capitalization of $7.77 billion and generates $8.51 billion in revenue each year. The basic materials company earns $458.96 million in net income (profit) each year or $1.42 on an earnings per share basis.

How many employees does Gerdau have?

Gerdau employs 24,613 workers across the globe.

What is Gerdau's official website?

The official website for Gerdau is www2.gerdau.com.

Where are Gerdau's headquarters?

How can I contact Gerdau?

Gerdau's mailing address is AV DOUTORA RUTH CARDOSO 8 501 8TH FLOOR, SAO PAULO SP D5, 05425. The basic materials company can be reached via phone at 551130946300, via email at [email protected], or via fax at 55-51-3323-2222.


This page was last updated on 11/30/2021 by MarketBeat.com Staff

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