NYSE:GGB

Gerdau (GGB) Stock Price, News & Analysis

$3.84
-0.12 (-3.03%)
(As of 05/17/2024 ET)
Today's Range
$3.83
$3.96
50-Day Range
$2.91
$3.97
52-Week Range
$3.42
$5.13
Volume
5.52 million shs
Average Volume
8.77 million shs
Market Capitalization
$8.11 billion
P/E Ratio
6.32
Dividend Yield
1.82%
Price Target
$4.63

Gerdau MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
20.3% Upside
$4.63 Price Target
Short Interest
Healthy
0.28% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.17mentions of Gerdau in the last 14 days
Based on 3 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.

3.65 out of 5 stars

Basic Materials Sector

61st 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. 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: Cheap Stock Void Of Direction
Gerdau: Q1 Earnings Snapshot
GERDAU S.A. - CONSOLIDATED INFORMATION
Here's what to expect from Gerdau's earnings
The 7 Best Penny Stocks to Buy in April 2024
GERDAU S.A. - FORM 20-F
GGB Apr 2024 4.000 call
Gerdau SA's Dividend Analysis
Gerdau S.A. (NYSE:GGB) Q4 2023 Earnings Call Transcript
Gerdau S.A. - ADR
See More 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
5/17/2024
Ex-Dividend for 6/4 Dividend
5/17/2024
Dividend Payable
6/04/2024
Next Earnings (Estimated)
8/13/2024
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
$4.63
High Stock Price Target
$5.00
Low Stock Price Target
$4.25
Potential Upside/Downside
+20.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$1.50 billion
Pretax Margin
11.28%

Debt

Sales & Book Value

Annual Sales
$13.81 billion
Cash Flow
$1.00 per share
Book Value
$4.99 per share

Miscellaneous

Outstanding Shares
2,108,480,000
Free Float
2,108,058,000
Market Cap
$8.11 billion
Optionable
Optionable
Beta
1.74
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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

Should I buy or sell Gerdau stock right now?

3 Wall Street equities research 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 equities research 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 brokerages have issued 1 year price targets for Gerdau's stock. Their GGB share price targets range from $4.25 to $5.00. On average, they predict the company's share price to reach $4.63 in the next twelve months. This suggests a possible upside of 20.3% 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 $4.0417 at the beginning of the year. Since then, GGB shares have decreased by 4.9% and is now trading at $3.8450.
View the best growth stocks for 2024 here
.

Are investors shorting Gerdau?

Gerdau saw a increase in short interest in April. As of April 15th, there was short interest totaling 3,910,000 shares, an increase of 109.1% from the March 31st total of 1,870,000 shares. Based on an average daily volume of 8,360,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% 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 Tuesday, August 13th 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 $0.06 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 11.04% and a net margin of 9.57%.

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

Gerdau announced a quarterly dividend on Friday, May 3rd. Shareholders of record on Monday, May 20th will be paid a dividend of $0.055 per share on Tuesday, June 4th. This represents a $0.22 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend is Friday, May 17th. This is a positive change from the stock's previous quarterly dividend of $0.02.
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 1.73%. The dividend payout ratio is 11.51%. 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.

What ETFs hold Gerdau's stock?

ETFs with the largest weight of Gerdau (NYSE:GGB) stock in their portfolio include VanEck Steel ETF (SLX) and iShares Latin America 40 ETF (ILF).Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH).

When did Gerdau's stock split?

Shares of Gerdau split before market open on Tuesday, April 30th 2024. The 6-5 split was announced on Tuesday, April 30th 2024. The newly created 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.

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 variety of retail and institutional investors. Top institutional investors include Capital International Investors (4.37%), Acadian Asset Management LLC (0.43%), Vanguard Group Inc. (0.14%), Moneda S.A. Administradora General de Fondos (0.11%), Capital International Sarl (0.06%) and Sei Investments Co. (0.05%).

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 5/17/2024 by MarketBeat.com Staff

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