Gerdau (NYSE:GGB) Announces Quarterly Earnings Results

Gerdau (NYSE:GGB - Get Free Report) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06, Zacks reports. Gerdau had a net margin of 7.03% and a return on equity of 7.74%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.66 billion.

Gerdau Stock Down 2.2 %

Shares of NYSE:GGB traded down $0.07 during trading hours on Friday, hitting $2.83. The company's stock had a trading volume of 11,123,261 shares, compared to its average volume of 9,066,280. Gerdau has a 52 week low of $2.67 and a 52 week high of $4.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.98 and a quick ratio of 1.53. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 6.57 and a beta of 1.73. The firm's fifty day moving average price is $2.95 and its 200 day moving average price is $3.19.

Gerdau Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.0175 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.07 annualized dividend and a dividend yield of 2.48%. Gerdau's dividend payout ratio is currently 44.19%.

Gerdau Company Profile

Gerdau SA, 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.