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Gerdau - GGB Stock Forecast, Price & News

$5.10
-0.03 (-0.58%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$4.96
$5.11
50-Day Range
$4.06
$6.28
52-Week Range
$3.94
$6.62
Volume
12.05 million shs
Average Volume
14.28 million shs
Market Capitalization
$8.77 billion
P/E Ratio
2.79
Dividend Yield
6.43%
Price Target
$6.10

Gerdau MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
19.6% Upside
$6.10 Price Target
Short Interest
Healthy
0.98% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.10mentions of Gerdau in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-46.98%
From $1.49 to $0.79 Per Share

Overall MarketRank

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

2.25 out of 5 stars

Basic Materials Sector

83rd out of 177 stocks

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

3rd out of 5 stocks

GGB stock logo

About Gerdau (NYSE:GGB) Stock

Gerdau S.A. provides steel products and services. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It offers 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; finished industrial products, including commercial rolled-steel bars, and light profiles and wires; agricultural products that include stakes and smooth wire products; and drawn products comprises barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, and clamps. The company also produces special steel products used 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 other markets. In addition, it offers flat products, including hot rolled coils and heavy plates; and resells flat steel products, as well as mines and produces iron ore. It sells its products through independent distributors, direct sales from the mills, and through its retail network. The company was founded in 1901 and is based in Sao Paulo, Brazil.

Gerdau Stock Down 0.6 %

Gerdau stock traded down $0.03 during trading hours on Monday, reaching $5.10. The stock had a trading volume of 12,047,494 shares, compared to its average volume of 14,284,364. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 2.77, a PEG ratio of 0.16 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.22 and a quick ratio of 1.11. The business's 50 day moving average price is $4.67 and its 200-day moving average price is $5.35. Gerdau has a 52 week low of $3.94 and a 52 week high of $6.62.

Gerdau Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Wednesday, August 17th will be issued a dividend of $0.137 per share. The ex-dividend date is Tuesday, August 16th. This represents a $0.55 annualized dividend and a dividend yield of 10.75%. This is an increase from Gerdau's previous quarterly dividend of $0.12. Gerdau's dividend payout ratio is 18.03%.

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GGB Stock News Headlines

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The best investor in the world knows the only way to prosper (especially in markets like these)... is to invest in VALUE. But this $2 stock could be the last value play in the market today. See Why This $2 Stock Could Be $50 and STILL Be a Bargain. pixel
The ONLY Way to Play Markets Like These
The best investor in the world knows the only way to prosper (especially in markets like these)... is to invest in VALUE. But this $2 stock could be the last value play in the market today. See Why This $2 Stock Could Be $50 and STILL Be a Bargain. pixel
Gerdau reports Q2 results - Seeking Alpha
Traders Purchase Large Volume of Gerdau Put Options (NYSE:GGB)
Gerdau Q2 2022 Earnings Preview - Seeking Alpha
See More Headlines
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GGB Company Calendar

Last Earnings
10/03/2021
Ex-Dividend for 6/2 Dividend
5/17/2022
Dividend Payable
6/02/2022
Today
8/15/2022
Ex-Dividend for 9/1 Dividend
8/16/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry
N/A
Employees
27,739
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$6.10
High Stock Price Forecast
$6.10
Low Stock Price Forecast
$6.10
Forecasted Upside/Downside
+19.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$2.87 billion
Pretax Margin
24.59%

Debt

Sales & Book Value

Annual Sales
$14.52 billion
Cash Flow
$1.95 per share
Book Value
$4.61 per share

Miscellaneous

Outstanding Shares
1,719,659,000
Free Float
1,719,315,000
Market Cap
$8.77 billion
Optionable
Optionable
Beta
1.61

Key Executives

  • Mr. Gustavo Werneck Da Cunha (Age 49)
    CEO & Director
  • Mr. Claudio Gerdau Johannpeter (Age 59)
    Vice Chairman
  • Mr. Rafael Dorneles Japur (Age 40)
    Exec. VP, CFO & Investor Relations Officer
  • Mr. Clemir Uhlein (Age 55)
    Corp. Accounting Director
  • Mr. Fabio Eduardo de Pieri Spina (Age 50)
    Director of Legal & Institutional Relations
  • Mr. Pedro Moraes Torres Pinto (Age 39)
    Head of Corp. Communication & Brand
  • Mr. Paulo Roberto Perlott Ramos (Age 69)
    Director of Marketing, Sales and Metallics
  • Mr. Chia Yuan Wang
    Pres & CEO of North American Long Steel Operation
  • Mr. Mauro De Paula (Age 60)
    Exec. Officer
  • Mr. Cesar Obino Da Rosa Peres (Age 60)
    Exec. Officer













GGB Stock - Frequently Asked Questions

Should I buy or sell Gerdau stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gerdau in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GGB shares.
View GGB analyst ratings
or view top-rated stocks.

What is Gerdau's stock price forecast for 2022?

5 equities research analysts have issued 12-month price targets for Gerdau's stock. Their GGB share price forecasts range from $6.10 to $6.10. On average, they predict the company's share price to reach $6.10 in the next year. This suggests a possible upside of 19.6% 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 2022?

Gerdau's stock was trading at $4.92 at the start of the year. Since then, GGB stock has increased by 3.7% and is now trading at $5.10.
View the best growth stocks for 2022 here
.

Are investors shorting Gerdau?

Gerdau saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 10,980,000 shares, an increase of 37.6% from the July 15th total of 7,980,000 shares. Based on an average trading volume of 17,080,000 shares, the short-interest ratio is currently 0.6 days. Currently, 1.0% of the company's stock are short sold.
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, October 26th 2022.
View our GGB earnings forecast
.

How were Gerdau's earnings last quarter?

Gerdau S.A. (NYSE:GGB) announced its earnings results on Sunday, October, 3rd. The basic materials company reported $1.96 earnings per share for the quarter, missing the consensus estimate of $2.27 by $0.31. Gerdau had a trailing twelve-month return on equity of 37.29% and a net margin of 18.99%.

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

Gerdau declared a quarterly dividend on Wednesday, August 3rd. Investors of record on Wednesday, August 17th will be paid a dividend of $0.137 per share on Thursday, September 1st. This represents a $0.55 annualized dividend and a dividend yield of 10.75%. The ex-dividend date is Tuesday, August 16th. This is a positive change from the stock's previous quarterly dividend of $0.12.
Read our dividend analysis for GGB
.

Is Gerdau a good dividend stock?

Gerdau (NYSE:GGB) pays an annual dividend of $0.33 per share and currently has a dividend yield of 6.43%. GGB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 18.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GGB will have a dividend payout ratio of 41.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GGB.

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."

Who are Gerdau's major shareholders?

Gerdau's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Contrarian Capital Management L.L.C. (1.27%), Deutsche Bank AG (0.21%), Renaissance Technologies LLC (0.20%), JPMorgan Chase & Co. (0.12%), Millennium Management LLC (0.09%) and Sei Investments Co. (0.09%).

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 $5.10.

How much money does Gerdau make?

Gerdau (NYSE:GGB) has a market capitalization of $8.77 billion and generates $14.52 billion in revenue each year. The basic materials company earns $2.87 billion in net income (profit) each year or $1.83 on an earnings per share basis.

How many employees does Gerdau have?

The company employs 27,739 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 8/15/2022 by MarketBeat.com Staff

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