Gerdau (NYSE:GGB) Stock, Quote.Headers.trade-ideas

Gerdau

Gerdau SA produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors. It offers products such as nails, rebar, columns, billets, slabs, tribar tutor, mechanical construction bars, reinforced steel locks. The company's geographical segment includes Brazil Operations; North America Operations; South America Operations as well as Special Steel Operations. It derives majority of the revenue from the North America Operations segment.

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When stocks move exponentially, there are typically two major forces at play behind the move. One of them is momentum, but that can only be made possible through enough volume pressure to get the stock to move in the

Unusual Trading Volume in Gerdau: A Signal for Buyers?

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Jim Cramer said Gerdau S.A. is a company that he doesn&#39;t really care for. &#34;If you want steel, you do Nucor,&#34; he added.

&#39;If You Want Steel, You Do Nucor,&#39; Says Cramer When Asked About Gerdau

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Shares of Brazilian stocks are trading lower amid a rise in borrowing costs and a depreciation of the Brazilian Real.

Gerdau shares are trading higher after the company reported a year-over-year increase in Q3 adjusted EBITDA results.

Gerdau Reports Q3 Adjusted EBITDA Of R$3.0B, Up 14.9% Q/Q

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said Federated Hermes Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHI#NYSE">FHI</a>) is an investment management company that he does<a href="https://www.benzinga.com/quote/FHI"> not know well.</a>
On Sept. 5, Evercore ISI Group analyst John Dunn maintained Federated Hermes with an Outperform and lowered the price target from $37 to $36.
Motorola Solutions, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSI#NYSE">MSI</a>) is a &#8220;company that does two-way radios, it does bar codes, it does lots of government infrastructure, and it just coins money,&#8221; he said.
On Sept. 3, Jefferies analyst George Notter maintained Motorola Solutions with a Buy and raised the price target from $460 to $510.
Cramer said Gerdau S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) is a company that he doesn't really care for. &#8220;If you want steel, you do Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>),&#8221; he added.
Gerdau is considered the largest producer of long steel in the Americas, while Nucor is the largest steel producer in the U.S. 
On Aug. 1, Gerdau posted second-quarter sales of R$16.616 billion down from R$18.265 billion in the year-ago period. Its adjusted net income fell to R$945 million from R$2.143 billion.
Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) itself did &#8220;screw up,&#8221; Cramer said, &#8220;They didn't know that they had a weak franchise that was missing its numbers from overseas, and that caused people to think that, wait a second, maybe they're not as in control of their destiny as we thought. And that's why the stock's going down, and that is an actual worry for me too.&#8221;
On Sept. 12, Baird analyst David Tarantino maintained Domino&#8217;s Pizza with an Outperform and lowered the price target from $580 to $535.
Price Action:
<ul>
<li>Motorola Solutions shares rose 0.7% to settle at $441.76 on Friday.</li>
<li>Federated Hermes shares rose 1.5% to close at $34.78 during Friday's session.</li>
<li>Gerdau shares rose 1.5% to settle at $3.37.</li>
<li>Domino's shares fell 0.5% to close at $402.52 on Friday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics">Jim Cramer: &#8216;Hold On&#8217; To Builders FirstSource, &#8216;Here&#8217;s The Problem&#8217; With Viking Therapeutics</a></li>
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'If You Want Steel, You Do Nucor,' Says Cramer When Asked About Gerdau

Gerdau Q2 Sales R$16.616B Down From R$18.265B YoY; Adj. Net Income R$945M Down From R$2.143B YoY

B of A Securities analyst Caio Ribeiro upgrades Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) from Neutral to Buy and raises the price target from $4.5 to $5.

Upgrades

Price Target

Analyst Ratings

B of A Securities Upgrades Gerdau to Buy, Raises Price Target to $5

Shares of US-listed Brazilian stocks are trading lower following Brazil's Central Bank decision.

Gerdau shares are trading higher following Q1 earnings.

Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) reported B$16.210 billion in sales this quarter. This is a 14.11 percent decrease over sales of B$18.872 billion the same period last year.

Gerdau Q1 Sales R$16.210B Down From R$18.872B YoY; Adj. Net Income R$1.245B Down From R$2.388B YoY

JP Morgan analyst Rodolfo Angele upgrades Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) from Neutral to Overweight and raises the price target from $5 to $6.

JP Morgan Upgrades Gerdau to Overweight, Raises Price Target to $6

<h3>The Meaning Behind Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the basic materials sector:</h2>
<ol>
<li>Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) - P/E: 8.26</li>
<li>Compañía de Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BVN#NYSE">BVN</a>) - P/E: 6.82</li>
<li>LSB Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) - P/E: 5.84</li>
<li>CVR Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAN#NYSE">UAN</a>) - P/E: 4.18</li>
<li>Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) - P/E: 4.81</li>
</ol>
Commercial Metals has reported Q1 earnings per share at $1.63, which has decreased by 3.55% compared to Q4, which was 1.69. The company's most recent dividend yield sits at 1.31%, which has decreased by 0.02% from 1.33% last quarter. 
Compañía de Minas has reported Q4 earnings per share at $-0.04, which has increased by 63.64% compared to Q3, which was -0.11. Most recently, the company reported a dividend yield of 1.41%, which has increased by 0.69% from last quarter's yield of 0.72%.
LSB Industries's earnings per share for Q3 sits at $-0.1, whereas in Q2, they were at 0.25. Most recently, CVR Partners reported earnings per share at $0.94, whereas in Q3 earnings per share sat at $0.07. Its most recent dividend yield is at 9.28%, which has increased by 1.36% from 7.92% in the previous quarter.
Most recently, Gerdau reported earnings per share at $0.38, whereas in Q1 earnings per share sat at $0.35. Its most recent dividend yield is at 8.19%, which has increased by 1.75% from 6.44% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

5 Value Stocks In The Basic Materials Sector

<h3>What are Value Stocks?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the basic materials sector:</h2>
<ol>
<li>Clearwater Paper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) - P/E: 6.83</li>
<li>Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) - P/E: 9.61</li>
<li>Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) - P/E: 8.84</li>
<li>CF Industries Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CF#NYSE">CF</a>) - P/E: 7.15</li>
<li>Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) - P/E: 4.95</li>
</ol>
Clearwater Paper saw an increase in earnings per share from 1.74 in Q2 to $2.19 now. Agnico Eagle Mines has reported Q3 earnings per share at $0.44, which has decreased by 32.31% compared to Q2, which was 0.65. Most recently, the company reported a dividend yield of 3.24%, which has increased by 0.18% from last quarter's yield of 3.06%.
Most recently, Nucor reported earnings per share at $4.57, whereas in Q2 earnings per share sat at $5.81. Its most recent dividend yield is at 1.3%, which has increased by 0.03% from 1.27% in the previous quarter.
This quarter, CF Industries Holdings experienced a decrease in earnings per share, which was $2.7 in Q2 and is now $0.85. The company's most recent dividend yield sits at 1.9%, which has decreased by 0.38% from 2.28% last quarter. 
This quarter, Gerdau experienced an increase in earnings per share, which was $0.35 in Q1 and is now $0.38. Its most recent dividend yield is at 8.19%, which has increased by 1.75% from 6.44% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

Overview Of Value Stocks In The Basic Materials Sector

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the basic materials sector:</h2>
<ol>
<li>Loma Negra Cia Industria (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOMA#NYSE">LOMA</a>) - P/E: 8.55</li>
<li>Cementos Pacasmayo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAC#NYSE">CPAC</a>) - P/E: 9.31</li>
<li>Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) - P/E: 7.06</li>
<li>Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) - P/E: 7.29</li>
<li>Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) - P/E: 5.05</li>
</ol>
Loma Negra Cia Industria's earnings per share for Q3 sits at $0.26, whereas in Q2, they were at 0.09. Cementos Pacasmayo has reported Q3 earnings per share at $0.14, which has decreased by 9.33% compared to Q2, which was 0.15. The company's most recent dividend yield sits at 10.45%, which has decreased by 2.68% from 13.13% last quarter. 
Vale saw an increase in earnings per share from 0.2 in Q2 to $0.66 now. Steel Dynamics saw a decrease in earnings per share from 4.81 in Q2 to $3.47 now. The company's most recent dividend yield sits at 1.52%, which has decreased by 0.09% from 1.61% last quarter. 
Gerdau has reported Q2 earnings per share at $0.38, which has increased by 8.57% compared to Q1, which was 0.35. Its most recent dividend yield is at 8.19%, which has increased by 1.75% from 6.44% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

CPAC

LOMA

STLD

B of A Securities downgraded its rating of Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) to Neutral with a price target of $5.10, changing its price target from $5.60 to $5.10.
Shares of Gerdau are trading down 2.31% over the last 24 hours, at $4.81 per share.
A move to $5.10 would account for a 6.03% increase from the current share price.
<h3>About Gerdau</h3>
Gerdau SA produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors. It offers products such as nails, rebar, columns, billets, slabs, tribar tutor, mechanical construction bars, reinforced steel locks. The company's geographical segment includes Brazil Operations; North America Operations; South America Operations as well as Special Steel Operations. It derives most of the revenue from the Brazil Operations segment.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

B of A Securities Downgrades Gerdau: Here's What You Need To Know

B of A Securities analyst Caio Ribeiro downgrades Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) from Buy to Neutral and lowers the price target from $5.6 to $5.1.

Downgrades

B of A Securities Downgrades Gerdau to Neutral, Lowers Price Target to $5.1

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the basic materials sector that may be worth watching:</h2>
<ol>
<li>Mosaic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>) - P/E: 9.31</li>
<li>Loma Negra Cia Industria (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOMA#NYSE">LOMA</a>) - P/E: 7.3</li>
<li>Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) - P/E: 5.49</li>
<li>ICL Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICL#NYSE">ICL</a>) - P/E: 7.2</li>
<li>Origin Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) - P/E: 2.91</li>
</ol>
Mosaic's earnings per share for Q3 sits at $0.68, whereas in Q2, they were at 1.04. The company's most recent dividend yield sits at 2.15%, which has increased by 0.06% from 2.09% last quarter. 
Loma Negra Cia Industria saw an increase in earnings per share from 0.09 in Q2 to $0.26 now. This quarter, Gerdau experienced an increase in earnings per share, which was $0.35 in Q1 and is now $0.38. Its most recent dividend yield is at 8.19%, which has increased by 1.75% from 6.44% in the previous quarter.
ICL Group has reported Q3 earnings per share at $0.11, which has decreased by 15.38% compared to Q2, which was 0.13. The company's most recent dividend yield sits at 4.42%, which has increased by 0.43% from 3.99% last quarter. 
Origin Mat has reported Q3 earnings per share at $0.22, which has increased by 540.0% compared to Q2, which was -0.05. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

ORGN

Friday marks the last chance for investors to receive the next dividend payout from Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 9.62 cents per share. On Monday, Gerdau will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 9.62 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own GGB as of the end of Friday's session are eligible to receive the 9.62 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 20, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Gerdau's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Friday Is Your Last Chance To Buy Gerdau Before The Dividend Payout

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Earnings Scheduled For November 6, 2023

Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) is set to give its latest quarterly earnings report on Monday, 2023-11-06. Here's what investors need to know before the announcement.
Analysts estimate that Gerdau will report an earnings per share (EPS) of $0.22. 
Gerdau bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 4.08% drop in the share price the next day.
Here's a look at Gerdau's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.32</td>
<td>0.27</td>
<td>0.35</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.10</td>
<td>0.32</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-4.08%</td>
<td>-2.61%</td>
<td>-3.09%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1699027273_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Gerdau were trading at $4.59 as of November 02. Over the last 52-week period, shares are down 5.66%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/GGB/earnings">To track all earnings releases for Gerdau visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Gerdau Earnings Preview

Here's the major earnings before the open tomorrow

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Gerdau reports Q3 results

Gerdau SA (GGB) has released an update. Gerdau S.A. reported a robust third quarter for 2024, driven by cost-cutting measures and operational effic...

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Gerdau S.A. (GGB) Q3 2024 Earnings Call Transcript

Gerdau SA (GGB) has released an update. Gerdau S.A. has announced the approval of its 18th issuance of unsecured, non-convertible debentures, set t...

Gerdau S.A. Announces R$1.5 Billion Debenture Issuance

Gerdau SA (GGB) has released an update. Gerdau S.A. is set to bolster its renewable energy capabilities with the construction of the Barro Alto Sol...

Gerdau S.A. Expands Renewable Energy with Solar Park

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Gerdau Concludes R$1.5 Billion Debenture Offering

Gerdau: Continued Underperformance Eventually Going Into An Upside

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