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Gerdau (GGB) Stock Price, News & Analysis

$3.36
+0.02 (+0.60%)
(As of 07/19/2024 ET)
Today's Range
$3.34
$3.40
50-Day Range
$3.09
$3.97
52-Week Range
$3.06
$5.13
Volume
3.82 million shs
Average Volume
5.81 million shs
Market Capitalization
$7.08 billion
P/E Ratio
5.52
Dividend Yield
6.55%
Price Target
$5.00

Gerdau MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
48.8% Upside
$5.00 Price Target
Short Interest
Healthy
0.69% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.94mentions of Gerdau in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.20%
From $0.49 to $0.54 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.29 out of 5 stars

Basic Materials Sector

41st out of 170 stocks

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

1st out of 6 stocks

GGB stock logo

About Gerdau Stock (NYSE:GGB)

Gerdau S.A., 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. In addition, the company offers flat products, such as hot-rolled steel coils and heavy plates; and resells flat steel products. Further, it operates mines that produce iron ore located in the Brazilian state of Minas Gerais. The company sells its products through independent distributors, direct sales from the mills, and its retail network. Gerdau S.A. was founded in 1901 and is based in São Paulo, Brazil.

GGB Stock Price History

GGB Stock News Headlines

Gerdau S.A. (NYSE:GGB) Short Interest Update
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Gerdau: Cheap Stock Void Of Direction
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Gerdau: Q1 Earnings Snapshot
GERDAU S.A. - CONSOLIDATED INFORMATION
Here's what to expect from Gerdau's earnings
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GERDAU S.A. - FORM 20-F
GGB Apr 2024 4.000 call
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Company Calendar

Last Earnings
5/03/2024
Ex-Dividend for 6/4 Dividend
5/17/2024
Dividend Payable
6/04/2024
Today
7/21/2024
Next Earnings (Confirmed)
7/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry
Steel Works
Employees
27,371
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.00
High Stock Price Target
$5.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+48.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
2 Analysts

Profitability

Net Income
$1.50 billion
Pretax Margin
11.28%

Debt

Sales & Book Value

Annual Sales
$13.81 billion
Cash Flow
$1.01 per share
Book Value
$4.68 per share

Miscellaneous

Outstanding Shares
2,108,480,000
Free Float
2,108,058,000
Market Cap
$7.08 billion
Optionable
Optionable
Beta
1.76
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Key Executives

  • Mr. Gustavo Werneck Da Cunha (Age 51)
    Member of Board Of Executive Officers CEO & Director
  • Mr. Claudio Gerdau Johannpeter (Age 61)
    Vice Chairman of the Board
  • Mr. Marcos Eduardo Faraco Wahrhaftig (Age 52)
    Executive VP of Strategy & Member of Board of Executive Officers
  • Mr. Rafael Dorneles Japur (Age 42)
    Member of Board of Executive Officers, Executive VP, CFO & Investor Relations Officer
  • Mr. Pedro Moraes Torres Pinto (Age 41)
    Head of Corporate Communication
  • Mr. Paulo Roberto Perlott Ramos (Age 71)
    Director of Marketing, Sales and Metallics
  • Mr. Chia Yuan Wang
    President & CEO of North American Long Steel Operation
  • Ms. Renata Oliva Battiferro
    Investor Relations Manager

GGB Stock Analysis - Frequently Asked Questions

How have GGB shares performed this year?

Gerdau's stock was trading at $4.0417 at the start of the year. Since then, GGB stock has decreased by 16.9% and is now trading at $3.36.
View the best growth stocks for 2024 here
.

How were Gerdau's earnings last quarter?

Gerdau S.A. (NYSE:GGB) announced its quarterly earnings data on Friday, May, 3rd. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The basic materials company earned $3.27 billion during the quarter, compared to the consensus estimate of $3.22 billion. Gerdau had a trailing twelve-month return on equity of 11.04% and a net margin of 9.57%.

When did Gerdau's stock split?

Gerdau's stock split on Tuesday, April 30th 2024. The 6-5 split was announced on Tuesday, April 30th 2024. The newly minted shares were distributed to shareholders after the market closes on Tuesday, April 30th 2024. An investor that had 100 shares of stock prior to the split would have 120 shares after the split.

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.

Who are Gerdau's major shareholders?

Top institutional shareholders of Gerdau include Hennion & Walsh Asset Management Inc. (0.03%), QRG Capital Management Inc., Diversified Trust Co and Sequoia Financial Advisors LLC.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Gerdau own?

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

This page (NYSE:GGB) was last updated on 7/21/2024 by MarketBeat.com Staff

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