Gerdau (NYSE:GGB) Releases Earnings Results, Hits Estimates

Gerdau (NYSE:GGB) issued its earnings results on Wednesday. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06, Zacks reports. Gerdau had a net margin of 7.47% and a return on equity of 7.86%.

Gerdau Stock Down 1.1 %

Shares of GGB traded down $0.04 during trading hours on Wednesday, hitting $3.05. The stock had a trading volume of 4,897,614 shares, compared to its average volume of 8,766,694. Gerdau has a 1-year low of $2.67 and a 1-year high of $4.04. The firm has a market capitalization of $6.33 billion, a P/E ratio of 6.64 and a beta of 1.73. The firm has a 50 day simple moving average of $2.99 and a 200-day simple moving average of $3.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.98 and a quick ratio of 1.53.

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.