Gerdau (NYSE:GGB) Posts Earnings Results, Hits Expectations

Gerdau (NYSE:GGB) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06, Zacks reports. Gerdau had a return on equity of 7.86% and a net margin of 7.47%. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.66 billion.

Gerdau Price Performance

Gerdau stock opened at $3.05 on Thursday. The firm’s 50-day moving average is $2.97 and its two-hundred day moving average is $3.19. 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 stock has a market capitalization of $6.33 billion, a P/E ratio of 6.64 and a beta of 1.73. Gerdau has a 12-month low of $2.67 and a 12-month high of $4.04.

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.