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Gerdau (GGB) Stock Price, News & Analysis

$3.50
+0.05 (+1.45%)
(As of 10/4/2024 ET)

About Gerdau Stock (NYSE:GGB)

Key Stats

Today's Range
$3.47
$3.53
50-Day Range
$3.02
$3.53
52-Week Range
$2.92
$4.21
Volume
5.37 million shs
Average Volume
7.78 million shs
Market Capitalization
$7.38 billion
P/E Ratio
5.75
Dividend Yield
2.29%
Price Target
$5.00
Consensus Rating
Buy

Company Overview

Gerdau S.A., 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. In addition, the company offers flat products, such as hot-rolled steel coils and heavy plates; and resells flat steel products. Further, it operates mines that produce iron ore located in the Brazilian state of Minas Gerais. The company sells its products through independent distributors, direct sales from the mills, and its retail network. Gerdau S.A. was founded in 1901 and is based in São Paulo, Brazil.

Gerdau Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
85th Percentile Overall Score

GGB MarketRank™: 

Gerdau scored higher than 85% of companies evaluated by MarketBeat, and ranked 59th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Gerdau has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Gerdau has received no research coverage in the past 90 days.

  • Read more about Gerdau's stock forecast and price target.
  • Earnings Growth

    Earnings for Gerdau are expected to grow by 3.77% in the coming year, from $0.53 to $0.55 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Gerdau is 5.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.57.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Gerdau is 5.75, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 121.29.

  • Price to Book Value per Share Ratio

    Gerdau has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Gerdau's valuation and earnings.
  • Percentage of Shares Shorted

    0.46% of the float of Gerdau has been sold short.
  • Short Interest Ratio / Days to Cover

    Gerdau has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Gerdau has recently increased by 12.48%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Gerdau pays a meaningful dividend of 2.51%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Gerdau does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Gerdau is 13.11%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Gerdau will have a dividend payout ratio of 14.55% next year. This indicates that Gerdau will be able to sustain or increase its dividend.

  • Read more about Gerdau's dividend.
  • Percentage of Shares Shorted

    0.46% of the float of Gerdau has been sold short.
  • Short Interest Ratio / Days to Cover

    Gerdau has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Gerdau has recently increased by 12.48%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Gerdau has a news sentiment score of 1.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Gerdau this week, compared to 2 articles on an average week.
  • Search Interest

    8 people have searched for GGB on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Gerdau to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Gerdau insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.02% of the stock of Gerdau is held by insiders.

  • Percentage Held by Institutions

    Only 1.49% of the stock of Gerdau is held by institutions.

  • Read more about Gerdau's insider trading history.
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GGB Stock News Headlines

Gerdau S.A. (NYSE:GGB) Short Interest Up 12.5% in September
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GGB Stock Analysis - Frequently Asked Questions

Gerdau's stock was trading at $4.0417 on January 1st, 2024. Since then, GGB shares have decreased by 13.4% and is now trading at $3.50.
View the best growth stocks for 2024 here
.

Gerdau S.A. (NYSE:GGB) issued its quarterly earnings results on Wednesday, July, 31st. The basic materials company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. The basic materials company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. Gerdau had a net margin of 7.88% and a trailing twelve-month return on equity of 8.43%.

Gerdau's stock split before market open on Tuesday, April 30th 2024. The 6-5 split was announced on Tuesday, April 30th 2024. The newly minted shares were distributed to shareholders after the market closes on Tuesday, April 30th 2024. An investor that had 100 shares of stock prior to the split would have 120 shares after the split.

Gerdau's top institutional shareholders include Abacus Wealth Partners LLC.

Shares of GGB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Gerdau investors own include Bank of America (BAC), Intelsat (I), Companhia Siderúrgica Nacional (SID), Mallinckrodt (MNK), Fossil Group (FOSL), Ciena (CIEN) and Vale (VALE).

Company Calendar

Last Earnings
7/31/2024
Ex-Dividend for 8/27 Dividend
8/13/2024
Dividend Payable
8/27/2024
Today
10/05/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Steel works, blast furnaces, & rolling & finishing mills
Sub-Industry
Steel Works
Employees
27,371
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.00
High Stock Price Target
$5.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+42.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$1.50 billion
Pretax Margin
9.39%

Debt

Sales & Book Value

Annual Sales
$64.60 billion
Cash Flow
$1.10 per share
Book Value
$4.68 per share

Miscellaneous

Outstanding Shares
2,108,480,000
Free Float
2,108,058,000
Market Cap
$7.38 billion
Optionable
Optionable
Beta
1.74
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This page (NYSE:GGB) was last updated on 10/6/2024 by MarketBeat.com Staff
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