Gerdau (NYSE:GGB – Get Free Report) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Gerdau (NYSE:GGB – Get Free Report) last announced its quarterly earnings results on Thursday, March 28th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter. Gerdau had a return on equity of 15.05% and a net margin of 10.80%. The company had revenue of $2.97 billion during the quarter. On average, analysts expect Gerdau to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Gerdau Stock Performance
Shares of NYSE GGB traded down $0.09 during midday trading on Tuesday, reaching $3.51. 2,990,979 shares of the stock were exchanged, compared to its average volume of 8,126,325. The company has a quick ratio of 1.24, a current ratio of 2.59 and a debt-to-equity ratio of 0.20. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 5.15 and a beta of 1.73. The firm has a 50-day simple moving average of $4.24 and a two-hundred day simple moving average of $4.43. Gerdau has a twelve month low of $3.42 and a twelve month high of $5.13.
Gerdau Cuts Dividend
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. raised shares of Gerdau from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $4.17 to $5.00 in a research note on Monday, April 15th.
View Our Latest Stock Report on Gerdau
Gerdau Company Profile
Gerdau SA, together with its subsidiaries, operates as a steel producer company. It operates through Brazil Business, North America Business, South America Business, and Special Steel Business divisions. The company 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.
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