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NYSE:GGB

Gerdau Stock Forecast, Price & News

$4.10
+0.04 (+0.99%)
(As of 07/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$3.94
$4.13
50-Day Range
$4.06
$6.32
52-Week Range
$3.94
$6.62
Volume
18.55 million shs
Average Volume
13.79 million shs
Market Capitalization
$7.05 billion
P/E Ratio
2.34
Dividend Yield
8.13%
Price Target
$6.10

Gerdau MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
48.8% Upside
$6.10 Price Target
Short Interest
Healthy
0.92% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.41mentions of Gerdau in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-48.41%
From $1.57 to $0.81 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.47 out of 5 stars

30 days | 90 days | 365 days | Advanced Chart

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Gerdau 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.

GGB Stock News Headlines

Gerdau (NYSE:GGB) Sets New 52-Week Low at $4.13
Gerdau (NYSE:GGB) Hits New 12-Month Low at $4.17
Gerdau (NYSE:GGB) Sees Large Volume Increase
Gerdau reports Q1 results
See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 6/2 Dividend
5/17/2022
Dividend Payable
6/02/2022
Today
7/06/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

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
+48.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.8
Research Coverage
5 Analysts

Profitability

Net Income
$2.87 billion
Pretax Margin
26.02%

Debt

Sales & Book Value

Annual Sales
$14.52 billion
Cash Flow
$1.91 per share
Book Value
$4.61 per share

Miscellaneous

Outstanding Shares
1,719,660,000
Free Float
N/A
Market Cap
$7.05 billion
Optionable
Optionable
Beta
1.64














Gerdau 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" Gerdau stock.
View analyst ratings for Gerdau
or view top-rated stocks.

What is Gerdau's stock price forecast for 2022?

5 analysts have issued 12 month target prices for Gerdau's stock. Their GGB stock forecasts range from $6.10 to $6.10. On average, they predict Gerdau's stock price to reach $6.10 in the next twelve months. This suggests a possible upside of 48.8% from the stock's current price.
View analysts' price targets for Gerdau
or view top-rated stocks among Wall Street analysts.

How has Gerdau's stock performed in 2022?

Gerdau's stock was trading at $4.92 at the beginning of the year. Since then, GGB stock has decreased by 16.7% and is now trading at $4.10.
View the best growth stocks for 2022 here
.

Are investors shorting Gerdau?

Gerdau saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 10,530,000 shares, an increase of 43.7% from the May 31st total of 7,330,000 shares. Based on an average trading volume of 15,840,000 shares, the short-interest ratio is presently 0.7 days. Currently, 0.9% of the shares of the company are sold short.
View Gerdau's Short Interest
.

When is Gerdau's next earnings date?

Gerdau is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Gerdau
.

How were Gerdau's earnings last quarter?

Gerdau S.A. (NYSE:GGB) announced its earnings results on Thursday, May, 5th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.12. The basic materials company earned $3.89 billion during the quarter. Gerdau had a net margin of 19.44% and a trailing twelve-month return on equity of 38.99%.
View Gerdau's earnings history
.

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

Gerdau announced a quarterly dividend on Friday, May 6th. Stockholders of record on Wednesday, May 18th will be given a dividend of $0.116 per share on Thursday, June 2nd. This represents a $0.46 annualized dividend and a yield of 11.32%. The ex-dividend date is Tuesday, May 17th. This is a boost from Gerdau's previous quarterly dividend of $0.04.
View Gerdau's dividend history
.

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 8.13%. GGB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Gerdau is 18.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Gerdau will have a dividend payout ratio of 40.74% next year. This indicates that Gerdau will be able to sustain or increase its dividend.
View Gerdau's dividend history.

Who are Gerdau's key executives?

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

What is André Bier Gerdau Johannpeter's approval rating as Gerdau's CEO?

96 employees have rated Gerdau CEO André Bier Gerdau Johannpeter on Glassdoor.com. André Bier Gerdau Johannpeter has an approval rating of 53% among Gerdau'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 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 $4.10.

How much money does Gerdau make?

Gerdau (NYSE:GGB) has a market capitalization of $7.05 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 $1.75 on an earnings per share basis.

How many employees does Gerdau have?

Gerdau 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 Gerdau 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 7/6/2022 by MarketBeat.com Staff

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