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NYSE:GGB

Gerdau Stock Forecast, Price & News

$6.69
+0.18 (+2.76 %)
(As of 05/17/2021 12:00 AM ET)
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Today's Range
$6.51
$6.74
50-Day Range
$4.98
$7.26
52-Week Range
$2.01
$7.27
Volume17.43 million shs
Average Volume14.38 million shs
Market Capitalization$11.50 billion
P/E Ratio12.62
Dividend Yield0.91%
Beta2.06
30 days | 90 days | 365 days | Advanced Chart
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Gerdau logo

About Gerdau

Gerdau S.A. provides steel products and services. It operates through four segments: Brazil Business, North America Business, South America Business, and Special Steel Business. 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 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. It 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, the company 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 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.

Headlines

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Industry, Sector and Symbol

Industry Steel works, blast furnaces, & rolling & finishing mills
Sub-IndustryN/A
CUSIPN/A
Phone011-55-51-3323-2703
Employees24,787
Year FoundedN/A

Sales & Book Value

Annual Sales$9.63 billion
Cash Flow$0.65 per share
Book Value$4.00 per share

Profitability

Net Income$305.03 million

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares1,719,659,000
Market Cap$11.50 billion
Next Earnings Date5/19/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.63 out of 5 stars

Basic Materials Sector

133rd out of 862 stocks

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

1st out of 14 stocks

Analyst Opinion: 0.0Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 4.4 5 -4 -3 -2 -1 -
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Gerdau (NYSE:GGB) Frequently Asked Questions

Is Gerdau a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gerdau in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Gerdau stock. 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 analyst ratings for Gerdau
or view top-rated stocks.

What stocks does MarketBeat like better than Gerdau?

Wall Street analysts have given Gerdau a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Gerdau wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Gerdau's next earnings date?

Gerdau is scheduled to release its next quarterly earnings announcement on Wednesday, May 19th 2021.
View our earnings forecast for Gerdau
.

How were Gerdau's earnings last quarter?

Gerdau S.A. (NYSE:GGB) posted its earnings results on Wednesday, October, 28th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.40. The basic materials company earned $2.27 billion during the quarter, compared to analyst estimates of $2.08 billion. Gerdau had a trailing twelve-month return on equity of 14.15% and a net margin of 11.05%.
View Gerdau's earnings history
.

How has Gerdau's stock been impacted by 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 increased by 146.0% and is now trading at $6.69.
View which stocks have been most impacted by COVID-19
.

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

Gerdau declared a quarterly dividend on Thursday, May 6th. Shareholders of record on Tuesday, May 18th will be given a dividend of $0.0735 per share on Thursday, June 3rd. This represents a $0.29 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Monday, May 17th. This is an increase from Gerdau's previous quarterly dividend of $0.02.
View Gerdau's dividend history
.

Is Gerdau a good dividend stock?

Gerdau pays an annual dividend of $0.06 per share and currently has a dividend yield of 0.91%. The dividend payout ratio of Gerdau is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Gerdau will have a dividend payout ratio of 15.79% 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 48)
  • Mr. Claudio Gerdau Johannpeter, Vice Chairman (Age 58)
  • Mr. Harley Lorentz Scardoelli, Exec. VP, CFO & Investor Relations Officer (Age 58)
  • Clemir Uhlein, Accounting Director
  • Mr. Francisco Deppermann Fortes, VP of HR, IT, Corp. Process of Engineer and Safety & Environment (Age 58)
  • Mr. Fabio Eduardo de Pieri Spina, Legal Director, Gen. Counsel & Corp. Affairs Officer (Age 49)
  • Pedro Torres Pinto, Head of Corp. Communication
  • Mr. Paulo Roberto Perlott Ramos, Director of Marketing, Sales and Metallics (Age 68)
  • Mr. Luiz Augusto Polacchini, Global Head Fin. Shared Services
  • Mr. Chia Yuan Wang, Pres & CEO of North American Long Steel Operation

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.

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 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 investors include Capital International Investors (7.21%), Optiver Holding B.V. (1.42%), JPMorgan Chase & Co. (1.19%), Contrarian Capital Management L.L.C. (1.15%), Fisher Asset Management LLC (0.54%) and BlackRock Inc. (0.42%).

Which institutional investors are selling Gerdau stock?

GGB stock was sold by a variety of institutional investors in the last quarter, including Capital International Investors, Itau Unibanco Holding S.A., Capital Growth Management LP, Dimensional Fund Advisors LP, BlackRock Inc., Contrarian Capital Management L.L.C., UBS Group AG, and Banco Bilbao Vizcaya Argentaria S.A..

Which institutional investors are buying Gerdau stock?

GGB stock was acquired by a variety of institutional investors in the last quarter, including Optiver Holding B.V., Renaissance Technologies LLC, JPMorgan Chase & Co., Credit Suisse AG, Arrowstreet Capital Limited Partnership, Acadian Asset Management LLC, CoreCommodity Management LLC, and Fisher Asset Management LLC.

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 $6.69.

How much money does Gerdau make?

Gerdau has a market capitalization of $11.50 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.

How many employees does Gerdau have?

Gerdau employs 24,787 workers across the globe.

What is Gerdau's official website?

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

Where are Gerdau's headquarters?

Gerdau is headquartered at AV DOUTORA RUTH CARDOSO 8 501 8TH FLOOR, SAO PAULO SP D5, 05425.

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 5/18/2021 by MarketBeat.com Staff
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