Posted by admin on Jun 5th, 2022

Analysts expect Gerdau S.A. (NYSE:GGB – Get Rating) to report $0.51 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Gerdau’s earnings. Gerdau posted earnings of $0.43 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.6%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Gerdau will report full-year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.67. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.81 per share, with EPS estimates ranging from $0.70 to $0.91. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Gerdau.

Gerdau (NYSE:GGB – Get Rating) last issued its earnings results on Thursday, May 5th. The basic materials company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.12). Gerdau had a return on equity of 38.99% and a net margin of 19.44%. The firm had revenue of $3.89 billion during the quarter.

Separately, Zacks Investment Research raised Gerdau from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a research report on Tuesday, May 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Gerdau currently has an average rating of “Buy” and an average price target of $6.30.

A number of hedge funds have recently modified their holdings of the stock. Stifel Financial Corp lifted its stake in Gerdau by 7.5% during the 4th quarter. Stifel Financial Corp now owns 29,001 shares of the basic materials company’s stock valued at $143,000 after acquiring an additional 2,011 shares during the period. Cutler Group LP grew its position in shares of Gerdau by 43.9% during the 1st quarter. Cutler Group LP now owns 6,796 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 2,074 shares during the period. Thomas White International Ltd. raised its stake in shares of Gerdau by 51.7% during the 4th quarter. Thomas White International Ltd. now owns 6,357 shares of the basic materials company’s stock worth $31,000 after buying an additional 2,166 shares during the period. Profund Advisors LLC lifted its holdings in Gerdau by 4.1% during the third quarter. Profund Advisors LLC now owns 72,104 shares of the basic materials company’s stock valued at $355,000 after purchasing an additional 2,842 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Gerdau by 19.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,499 shares of the basic materials company’s stock worth $132,000 after buying an additional 3,373 shares during the last quarter.

NYSE GGB opened at $6.28 on Friday. The business has a 50 day simple moving average of $5.92 and a two-hundred day simple moving average of $5.42. Gerdau has a 1-year low of $4.19 and a 1-year high of $6.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.26 and a current ratio of 2.43.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 2nd. Shareholders of record on Wednesday, May 18th were paid a $0.116 dividend. The ex-dividend date was Tuesday, May 17th. This is a boost from Gerdau’s previous quarterly dividend of $0.04. This represents a $0.46 dividend on an annualized basis and a yield of 7.39%. Gerdau’s dividend payout ratio (DPR) is 18.86%.

Gerdau SA 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.

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