NYSE:GGB

Gerdau (GGB) Stock Price, News & Analysis

$3.66
-0.14 (-3.68%)
(As of 04/23/2024 ET)
Today's Range
$3.65
$3.74
50-Day Range
$3.57
$4.58
52-Week Range
$3.42
$5.13
Volume
9.79 million shs
Average Volume
8.10 million shs
Market Capitalization
$7.72 billion
P/E Ratio
5.23
Dividend Yield
1.91%
Price Target
$5.55

Gerdau MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
51.6% Upside
$5.55 Price Target
Short Interest
Healthy
0.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.08mentions of Gerdau in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.63%
From $0.43 to $0.48 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.

4.19 out of 5 stars

Basic Materials Sector

35th out of 173 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. 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 Stock Price History

GGB Stock News Headlines

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Company Calendar

Ex-Dividend for 3/19 Dividend
3/04/2024
Dividend Payable
3/19/2024
Last Earnings
3/28/2024
Today
4/23/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$5.55
High Stock Price Target
$6.00
Low Stock Price Target
$5.10
Potential Upside/Downside
+51.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$1.50 billion
Pretax Margin
13.56%

Debt

Sales & Book Value

Annual Sales
$13.81 billion
Cash Flow
$1.00 per share
Book Value
$4.68 per share

Miscellaneous

Outstanding Shares
2,108,480,000
Free Float
2,108,058,000
Market Cap
$7.72 billion
Optionable
Optionable
Beta
1.73
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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. Fabio Eduardo de Pieri Spina (Age 52)
    Legal Director, General Counsel & Corporate Affairs Offi. and Member of Board of Executive Officers
  • Mr. Mauro De Paula (Age 62)
    Member of Board of Executive Officers & Commercial Executive Officer
  • Mr. Cesar Obino Da Rosa Peres (Age 62)
    Member of Board of Executive Officers & Commercial Officer of Gerdau Steel Brasil
  • Mr. Rubens Fernandes Pereira (Age 52)
    Member of Board of Executive Officers and VP of operations in Brazil, Argentina & Uruguay
  • Mr. Wendel Gomes Da Silva (Age 50)
    Member of Board of Executive Officers and Director of Mining & Raw Materials
  • Aldo Tapia Castillo
    Member of Board of Executive Officers

GGB Stock Analysis - 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 2 hold ratings and 1 buy rating 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 target for 2024?

3 Wall Street analysts have issued 12-month price targets for Gerdau's shares. Their GGB share price targets range from $5.10 to $6.00. On average, they predict the company's share price to reach $5.55 in the next year. This suggests a possible upside of 51.6% 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 2024?

Gerdau's stock was trading at $4.85 at the beginning of the year. Since then, GGB stock has decreased by 24.5% and is now trading at $3.66.
View the best growth stocks for 2024 here
.

Are investors shorting Gerdau?

Gerdau saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,870,000 shares, a decline of 17.6% from the March 15th total of 2,270,000 shares. Based on an average daily volume of 6,440,000 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% 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, May 1st 2024.
View our GGB earnings forecast
.

How were Gerdau's earnings last quarter?

Gerdau S.A. (NYSE:GGB) released its quarterly earnings results on Thursday, March, 28th. The basic materials company reported $0.07 earnings per share for the quarter. The basic materials company earned $2.97 billion during the quarter. Gerdau had a trailing twelve-month return on equity of 15.05% and a net margin of 10.80%.

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

Gerdau declared a quarterly dividend on Thursday, February 22nd. Shareholders of record on Tuesday, March 5th will be paid a dividend of $0.0202 per share on Tuesday, March 19th. This represents a $0.08 annualized dividend and a yield of 2.21%. The ex-dividend date is Monday, March 4th.
Read our dividend analysis for GGB
.

Is Gerdau a good dividend stock?

Gerdau (NYSE:GGB) pays an annual dividend of $0.07 per share and currently has a dividend yield of 1.82%. The dividend payout ratio is 10.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGB will have a dividend payout ratio of 14.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GGB.

When did Gerdau's stock split?

Shares of Gerdau split on Tuesday, April 30th 2024. The 6-5 split was announced on Tuesday, April 30th 2024. The newly created shares will be distributed to shareholders after the closing bell 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.

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).

Who are Gerdau's major shareholders?

Gerdau's stock is owned by a number of institutional and retail investors. Top institutional investors include Hennion & Walsh Asset Management Inc. (0.03%), Diversified Trust Co (0.00%), First Trust Direct Indexing L.P. (0.00%), Abacus Wealth Partners LLC (0.00%) and Ballentine Partners LLC (0.00%).

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.

This page (NYSE:GGB) was last updated on 4/23/2024 by MarketBeat.com Staff

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