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NYSE:GGB

Gerdau (GGB) Stock Forecast, Price & News

$4.50
-0.16 (-3.44%)
(As of 10/3/2023 ET)
Compare
Today's Range
$4.45
$4.67
50-Day Range
$4.65
$6.15
52-Week Range
$4.42
$6.34
Volume
6.58 million shs
Average Volume
7.61 million shs
Market Capitalization
$7.90 billion
P/E Ratio
4.04
Dividend Yield
11.57%
Price Target
$5.71

Gerdau MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
27.1% Upside
$5.71 Price Target
Short Interest
Healthy
1.06% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.20mentions of Gerdau in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-26.60%
From $0.94 to $0.69 Per Share

Overall MarketRank

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

2.35 out of 5 stars

Basic Materials Sector

112th out of 169 stocks

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

4th out of 6 stocks


GGB stock logo

About Gerdau (NYSE:GGB) Stock

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

GGB Price History

GGB Stock News Headlines

Gerdau: Valuation Matters In The Downturn
[BREAKING] Pentagon to Spend Billions on "Living Missile"
Air Force Magazine calls it "transformational." The Wall Street Journal calls it one of the Pentagon's "highest priorities." National Defense Magazine reports "Eye-popping budget" for it. This small company won the first contract to build them!
Gerdau S.A. (GGB) Q2 2023 Earnings Call Transcript
Gerdau: Q2 Earnings Snapshot
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"
The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>
GGB Gerdau S.A.
GGB - Gerdau S.A.
Gerdau goes ex-dividend tomorrow
Why Gerdau (GGB) Stock is Falling Today
Gerdau (NYSE: GGB)
Gerdau (GGB) Just Overtook the 200-Day Moving Average
Gerdau: Updating The Thesis After A 10% Drop
Gerdau (GGB) Stock Moves -0.65%: What You Should Know
Are Investors Undervaluing Gerdau (GGB) Right Now?
See More Headlines
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GGB Company Calendar

Last Earnings
8/08/2023
Ex-Dividend for 9/6 Dividend
8/21/2023
Dividend Payable
9/06/2023
Today
10/03/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry
N/A
Employees
28,197
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.71
High Stock Price Forecast
$5.71
Low Stock Price Forecast
$5.71
Forecasted Upside/Downside
+27.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$2.21 billion
Pretax Margin
16.38%

Debt

Sales & Book Value

Annual Sales
$15.96 billion
Cash Flow
$1.50 per share
Book Value
$5.10 per share

Miscellaneous

Outstanding Shares
1,757,070,000
Free Float
1,756,716,000
Market Cap
$7.90 billion
Optionable
Optionable
Beta
1.65
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Key Executives

  • Mr. Gustavo Werneck Da Cunha (Age 50)
    Member of Board Of Exec. Officers CEO & Director
  • Mr. Claudio Gerdau Johannpeter (Age 60)
    Vice Chairman
  • Mr. Marcos Eduardo Faraco Wahrhaftig (Age 51)
    Exec. VP of Strategy & Member of Board of Exec. Officers
  • Mr. Rafael Dorneles Japur (Age 41)
    Member of Board of Exec. Officers, Exec. VP, CFO & Investor Relations Officer
  • Mr. Fabio Eduardo de Pieri Spina (Age 51)
    Legal Director, Gen. Counsel & Corp. Affairs Offi. and Member of Board of Exec. Officers
  • Mr. Mauro De Paula (Age 61)
    Member of Board of Exec. Officers & Commercial Exec. Officer
  • Mr. Cesar Obino Da Rosa Peres (Age 61)
    Member of Board of Exec. Officers & Commercial Officer of Gerdau Steel Brasil
  • Mr. Rubens Fernandes Pereira (Age 51)
    Member of Board of Exec. Officers and VP of operations in Brazil, Argentina & Uruguay
  • Mr. Hermenio Pinto Goncalves (Age 62)
    Member of Board of Exec. Officers & Global Industrial Corp. Director
  • Mr. Wendel Gomes Da Silva (Age 49)
    Member of Board of Exec. Officers and Director of Mining & Raw Materials













GGB Stock - Frequently Asked Questions

Should I buy or sell Gerdau stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gerdau in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GGB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GGB, but not buy additional shares or sell existing shares.
View GGB analyst ratings
or view top-rated stocks.

What is Gerdau's stock price forecast for 2023?

3 brokers have issued 12 month target prices for Gerdau's stock. Their GGB share price forecasts range from $5.71 to $5.71. On average, they predict the company's stock price to reach $5.71 in the next twelve months. This suggests a possible upside of 27.1% from the stock's current price.
View analysts price targets for GGB
or view top-rated stocks among Wall Street analysts.

How have GGB shares performed in 2023?

Gerdau's stock was trading at $5.2762 at the start of the year. Since then, GGB stock has decreased by 14.8% and is now trading at $4.4950.
View the best growth stocks for 2023 here
.

Are investors shorting Gerdau?

Gerdau saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 11,590,000 shares, an increase of 15.2% from the August 15th total of 10,060,000 shares. Based on an average daily trading volume, of 6,670,000 shares, the short-interest ratio is currently 1.7 days. Currently, 1.0% of the company's stock 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 Wednesday, November 8th 2023.
View our GGB earnings forecast
.

How were Gerdau's earnings last quarter?

Gerdau S.A. (NYSE:GGB) posted its earnings results on Tuesday, August, 8th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by $0.05. The basic materials company earned $3.69 billion during the quarter, compared to the consensus estimate of $3.79 billion. Gerdau had a net margin of 12.56% and a trailing twelve-month return on equity of 19.91%.

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

Gerdau announced a quarterly dividend on Wednesday, August 9th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.0878 per share on Wednesday, September 6th. This represents a $0.35 annualized dividend and a yield of 7.82%. The ex-dividend date of this dividend is Monday, August 21st. This is a boost from the stock's previous quarterly dividend of $0.00.
Read our dividend analysis for GGB
.

Is Gerdau a good dividend stock?

Gerdau (NYSE:GGB) pays an annual dividend of $0.52 per share and currently has a dividend yield of 10.91%. GGB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 46.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, GGB will have a dividend payout ratio of 75.36% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GGB.

When did Gerdau's stock split?

Gerdau's stock split on the morning of Wednesday, March 22nd 2023. The 21-20 split was announced on Wednesday, March 22nd 2023. The newly created shares were payable to shareholders after the market closes on Wednesday, March 22nd 2023. An investor that had 100 shares of stock prior to the split would have 105 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.

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."

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 $4.50.

How much money does Gerdau make?

Gerdau (NYSE:GGB) has a market capitalization of $7.90 billion and generates $15.96 billion in revenue each year. The basic materials company earns $2.21 billion in net income (profit) each year or $1.1138 on an earnings per share basis.

How many employees does Gerdau have?

The company employs 28,197 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 10/3/2023 by MarketBeat.com Staff

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