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NYSE:GGBGerdau Stock Price, Forecast & News

$2.50
-0.02 (-0.79 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$2.39
Now: $2.50
$2.54
50-Day Range
$1.90
MA: $2.13
$2.54
52-Week Range
$1.65
Now: $2.50
$5.34
Volume7.85 million shs
Average Volume8.60 million shs
Market Capitalization$4.30 billion
P/E Ratio17.86
Dividend Yield1.18%
Beta2.21
Gerdau S.A. provides steel-related products and services worldwide. It operates through four segments: Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. The company offers semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles, which are used primarily in the construction and manufacturing industries; and drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, and clamps, as well as mines and produces iron ore. It also produces special steel products for use in auto parts, light and heavy vehicles, and agricultural machinery, as well as the oil and gas, wind energy, machinery and equipment, mining and rail, and others markets. In addition, the company offers flat products comprising hot rolled coils and heavy plates; and resells flat steel products. 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 Sao Paulo, Brazil. Gerdau S.A. is a subsidiary of Metalúrgica Gerdau S.A.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.46 out of 5 stars


Industry, Sector and Symbol

Industry Steel works, blast furnaces, & rolling & finishing mills
Sub-IndustryN/A
CUSIPN/A
Phone011-55-51-3323-2703

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.63 billion
Cash Flow$0.49 per share
Book Value$3.85 per share

Profitability

Net Income$305.03 million

Miscellaneous

Employees24,787
Outstanding Shares1,719,660,000
Market Cap$4.30 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Gerdau (NYSE:GGB) Frequently Asked Questions

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

Gerdau's stock was trading at $2.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GGB shares have decreased by 8.1% and is now trading at $2.50. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Gerdau?

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, resulting in a consensus recommendation of "Hold." View analyst ratings for Gerdau.

When is Gerdau's next earnings date?

Gerdau is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Gerdau.

How were Gerdau's earnings last quarter?

Gerdau SA (NYSE:GGB) released its earnings results on Wednesday, May, 4th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.03 by $0.02. The basic materials company had revenue of $2.58 billion for the quarter. Gerdau had a return on equity of 3.84% and a net margin of 2.52%. View Gerdau's earnings history.

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

Gerdau announced a None dividend on Wednesday, February 19th. Stockholders of record on Tuesday, March 3rd will be given a dividend of $0.006 per share on Wednesday, March 18th. This represents a yield of 1.5%. The ex-dividend date is Monday, March 2nd. View Gerdau's dividend history.

Has Gerdau been receiving favorable news coverage?

Media coverage about GGB stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Gerdau earned a media sentiment score of -1.6 on InfoTrie's scale. They also gave press coverage about the basic materials company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutGerdau.

Who are some of Gerdau's key competitors?

What other stocks do shareholders of Gerdau own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gerdau investors own include Intelsat (I), Bank of America (BAC), Mallinckrodt (MNK), Companhia Siderurgica Nacional (SID), Fossil Group (FOSL), Associated British Foods (ABF), AMC Entertainment (AMC), Chaarat Gold (CGH), Ciena (CIEN) and Vale (VALE).

Who are Gerdau's key executives?

Gerdau's management team includes the following people:
  • Mr. Claudio Gerdau Johannpeter, Chairman (Age 56)
  • Mr. Gustavo Werneck Da Cunha, Chief Exec. Officer (Age 46)
  • Mr. Harley Lorentz Scardoelli, Exec. VP, CFO & Investor Relations Officer (Age 56)
  • Clemir Uhlein, Accounting Director
  • Mr. Francisco Deppermann Fortes, VP of HR, IT, Corp. Process of Engineer and Safety & Environment (Age 56)

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 variety of retail and institutional investors. Top institutional investors include Capital International Investors (7.15%), Luminus Management LLC (0.56%), Fisher Asset Management LLC (0.39%), JPMorgan Chase & Co. (0.32%), State Street Corp (0.24%) and Morgan Stanley (0.23%).

Which major investors are selling Gerdau stock?

GGB stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, JPMorgan Chase & Co., Fisher Asset Management LLC, Deutsche Bank AG, Nuveen Asset Management LLC, Pendal Group Ltd, and AQR Capital Management LLC.

Which major investors are buying Gerdau stock?

GGB stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, Luminus Management LLC, Wellington Management Group LLP, Barings LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Quantitative Investment Management LLC, Windsor Creek Advisors LLC, and BNP Paribas Arbitrage SA.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Gerdau's stock price today?

One share of GGB stock can currently be purchased for approximately $2.50.

How big of a company is Gerdau?

Gerdau has a market capitalization of $4.30 billion and generates $9.63 billion in revenue each year. The basic materials company earns $305.03 million in net income (profit) each year or $0.18 on an earnings per share basis. Gerdau employs 24,787 workers across the globe.

What is Gerdau's official website?

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

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 011-55-51-3323-2703 or via email at [email protected]

This page was last updated on 5/31/2020 by MarketBeat.com Staff

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