Gerdau S.A. provides steel products and services. It operates through four segments: Brazil Business, North America Business, South America Business, and Special Steel Business. The company 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. It also produces special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets. In addition, the company offers flat products, including hot rolled coils and heavy plates; and resells flat steel products, as well as mines and produces iron ore. It sells its products through independent distributors, direct sales from the mills, and its retail network. The company was founded in 1901 and is based in Sao Paulo, Brazil. Gerdau S.A. is a subsidiary of Metalúrgica Gerdau S.A.
IPO Year:
Exchange: NYSE
Website: www2.gerdau.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/24/2024 | $4.50 → $5.00 | Neutral → Buy | BofA Securities |
| 4/15/2024 | Neutral → Overweight | JP Morgan | |
| 11/20/2023 | Buy → Neutral | BofA Securities | |
| 2/9/2023 | $7.00 → $6.00 | Overweight → Neutral | JP Morgan |
| 11/12/2021 | $6.10 | Neutral → Buy | Citigroup |
| 9/9/2021 | Neutral → Outperform | Credit Suisse |
6-K - GERDAU S.A. (0001073404) (Filer)
6-K - GERDAU S.A. (0001073404) (Filer)
6-K - GERDAU S.A. (0001073404) (Filer)
6-K - GERDAU S.A. (0001073404) (Filer)
6-K - GERDAU S.A. (0001073404) (Filer)
6-K - GERDAU S.A. (0001073404) (Filer)
6-K/A - GERDAU S.A. (0001073404) (Filer)
6-K - GERDAU S.A. (0001073404) (Filer)
6-K - GERDAU S.A. (0001073404) (Filer)
6-K - GERDAU S.A. (0001073404) (Filer)
SC 13G - GERDAU S.A. (0001073404) (Subject)
BofA Securities upgraded Gerdau S.A. from Neutral to Buy and set a new price target of $5.00 from $4.50 previously
JP Morgan upgraded Gerdau S.A. from Neutral to Overweight
BofA Securities downgraded Gerdau S.A. from Buy to Neutral
JP Morgan downgraded Gerdau S.A. from Overweight to Neutral and set a new price target of $6.00 from $7.00 previously
Citigroup upgraded Gerdau S.A. from Neutral to Buy and set a new price target of $6.10
Credit Suisse upgraded Gerdau S.A. from Neutral to Outperform
SÃO PAULO, Nov. 5, 2024 /PRNewswire/ -- 3Q24 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 3.0 billion in the third quarter, 14.9% higher compared to 2Q24. Investments (CAPEX) totaled R$ 1.5 billion in 3Q24, of which R$ 589 million was allocated to Maintenance and R$ 920 million was directed to the Competitiveness of the Business Divisions. Dividend distribution in the amount of R$ 0.30 per share, equivalent to R$ 619,4 million, to be paid based on 3Q24 results. Share buyback program of Gerdau S.A., by the end of October 2024, 39.6 million shares were repurchased, equivalent to R$ 729.4 million. Additional Information Gerdau S.A. informs t
SÃO PAULO, July 31, 2024 /PRNewswire/ -- 2Q24 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 2.6 billion in the second quarter, down 6.7% compared to 1Q24. Investments (CAPEX) totaled R$ 1.4 billion in 2Q24, of which R$ 704 million was allocated to Maintenance and R$ 716 million was directed to the Competitiveness of the Business Divisions. Dividend distribution in the amount of R$ 0.12 per share, equivalent to R$ 252 million, to be paid based on 2Q24 results. The Company approved a new share buyback program of up to 69.8 million of shares from Gerdau S.A., with a maximum duration of 12 months. Additional Information Gerdau S.A. informs tha
SÃO PAULO, May 2, 2024 /PRNewswire/ -- 1Q24 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 2.8 billion in the first quarter, up 38.0% over 4Q23. Adjusted Net Income of R$ 1.2 billion in 1Q24, 70.1% higher than 4Q23. Dividend distribution in the amount of R$ 0.28 per share, equivalent to R$ 589 million, to be paid based on 1Q24 results. On April 22nd, 2024, Gerdau's shareholders received, as a bonus, 1 new share for every 5 shares of the same type. Gerdau has the best reputation among industry players in Brazil, according to the 10th edition of the Merco Ranking, maintaining its position as the only steel producer in the overall ranking and
SÃO PAULO, March 1, 2023 /PRNewswire/ -- 4Q22 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) reaches R$ 21.5 billion throughout 2022, with an adjusted EBITDA margin of 26.1%. Adjusted EBITDA from the North America Business Operation reaches R$10.6 billion in 2022, with an adjusted EBITDA margin of 32.0%, both historical annual records. Amount of dividends allocated in 2022 by Gerdau S.A. was R$ 6.1 billion (R$ 3.63 per share), a historic record for a year. The Company obtained the certification of its second operation as a B Company. Siderperu, the company's steel production operation in Peru, joins Gerdau Summit, which become the first two steel
SÃO PAULO, Feb. 23, 2022 /PRNewswire/ -- Gerdau S.A. (NYSE:GGB, BM&, Fbovespa: GGBR3, GGBR4))) -- Best annual adjusted EBITDA in history in 2021, reaching R$23.2 billion, with an EBITDA margin of 29.6%; net income totals R$ 13.9 billion, a historical annual record. The amount of dividends allocated in 2021 by Gerdau S.A. was R$5.4 billion (R$3.14 per share), a historical record for one year. Adjusted EBITDA from the North America Business Operation reaches R$2.2 billion, with an adjusted EBITDA margin of 27.4%, both historical records for a fourth quarter. Indebtedness level reaches its lowest historical level, with the ratio between net debt and adjusted EBITDA decreasing from 1.25x to 0.30
B of A Securities analyst Caio Ribeiro upgrades Gerdau (NYSE:GGB) from Neutral to Buy and raises the price target from $4.5 to $5.
Gerdau (NYSE:GGB) 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.
JP Morgan analyst Rodolfo Angele upgrades Gerdau (NYSE:GGB) from Neutral to Overweight and raises the price target from $5 to $6.
The Meaning Behind Value Stocks 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. Below is a list of notable value stocks in the basic materials sector: Commercial Metals (NYSE:CMC) - P/E: 8.26 Compañía de Minas (NYSE:BVN) - P/E: 6.82 LSB Industries (NYSE:LXU) - P/E: 5.84 CVR Partners (NYSE:UAN) - P/E: 4.18 Gerdau (NYSE:GGB) - P/E: 4.81 Commercial M
What are Value Stocks? 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. Below is a list of notable value stocks in the basic materials sector: Clearwater Paper (NYSE:CLW) - P/E: 6.83 Agnico Eagle Mines (NYSE:AEM) - P/E: 9.61 Nucor (NYSE:NUE) - P/E: 8.84 CF Industries Holdings (NYSE:CF) - P/E: 7.15 Gerdau (NYSE:GGB) - P/E: 4.95 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 h
What is a Value Stock? 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. The following stocks are considered to be notable value stocks in the basic materials sector: Loma Negra Cia Industria (NYSE:LOMA) - P/E: 8.55 Cementos Pacasmayo (NYSE:CPAC) - P/E: 9.31 Vale (NYSE:VALE) - P/E: 7.06 Steel Dynamics (NASDAQ:STLD) - P/E: 7.29 Gerdau (NYSE:GGB) - P/E
B of A Securities downgraded its rating of Gerdau (NYSE:GGB) 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. About 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 Bra
B of A Securities analyst Caio Ribeiro downgrades Gerdau (NYSE:GGB) from Buy to Neutral and lowers the price target from $5.6 to $5.1.
SÃO PAULO, Nov. 5, 2024 /PRNewswire/ -- 3Q24 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 3.0 billion in the third quarter, 14.9% higher compared to 2Q24. Investments (CAPEX) totaled R$ 1.5 billion in 3Q24, of which R$ 589 million was allocated to Maintenance and R$ 920 million was directed to the Competitiveness of the Business Divisions. Dividend distribution in the amount of R$ 0.30 per share, equivalent to R$ 619,4 million, to be paid based on 3Q24 results. Share buyback program of Gerdau S.A., by the end of October 2024, 39.6 million shares were repurchased, equivalent to R$ 729.4 million. Additional Information Gerdau S.A. informs t
SÃO PAULO, July 31, 2024 /PRNewswire/ -- 2Q24 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 2.6 billion in the second quarter, down 6.7% compared to 1Q24. Investments (CAPEX) totaled R$ 1.4 billion in 2Q24, of which R$ 704 million was allocated to Maintenance and R$ 716 million was directed to the Competitiveness of the Business Divisions. Dividend distribution in the amount of R$ 0.12 per share, equivalent to R$ 252 million, to be paid based on 2Q24 results. The Company approved a new share buyback program of up to 69.8 million of shares from Gerdau S.A., with a maximum duration of 12 months. Additional Information Gerdau S.A. informs tha
SÃO PAULO, May 2, 2024 /PRNewswire/ -- 1Q24 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 2.8 billion in the first quarter, up 38.0% over 4Q23. Adjusted Net Income of R$ 1.2 billion in 1Q24, 70.1% higher than 4Q23. Dividend distribution in the amount of R$ 0.28 per share, equivalent to R$ 589 million, to be paid based on 1Q24 results. On April 22nd, 2024, Gerdau's shareholders received, as a bonus, 1 new share for every 5 shares of the same type. Gerdau has the best reputation among industry players in Brazil, according to the 10th edition of the Merco Ranking, maintaining its position as the only steel producer in the overall ranking and
SÃO PAULO, March 28, 2024 /PRNewswire/ -- GERDAU S.A. hereby announces that the Form 20-F related to the fiscal year ended December 31, 2023 was filed with the U.S. Securities and Exchange Commission (SEC) at http://sec.gov and with the Securities and Exchange Commission of Brazil (CVM) at http://cvm.gov.br and it is also available at the Company's Investor Relations website at https://ri.gerdau.com/en/. Shareholders may request a free copy of the Form 20-F from the IR team by sending an email to [email protected]. View original content:https://www.prnewswire.com/news-releases/gerdau-sa--form-20-f-302103171.html SOURCE GERDAU S.A.
At event in the city of São Paulo, executives of Gerdau and São Paulo Grand Prix announced unprecedented partnership, which will offer new sustainable experience in the Brazilian round of the world's largest and most popular motor racing competition SÃO PAULO, Aug. 29, 2023 /PRNewswire/ -- Gerdau, Brazil's largest steel producer and one of the leading producers of special steel for the automotive industry, announces today an unprecedented partnership with São Paulo Grand Prix, the Brazilian round of the world's largest and most popular motor racing competition, to take place on November 3, 4 and 5 at Interlagos racetrack. The company will be the event's official steel supplier, with an 100%
SÃO PAULO, Aug. 9, 2023 /PRNewswire/ -- 2Q23 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), reaching R$ 3.8 billion, with an adjusted EBITDA margin of 20.8%. Adjusted EBITDA from the North America Business Operation reaches R$1.8 billion, with an adjusted EBITDA margin of 26.1%, in the second quarter. Free cash flow reaches R$ 784 million. Gerdau (NYSE:GGB, BM&, Fbovespa: GGBR3, GGBR4))) will invest BRL 3.2 billion between 2023 and 2026 in a new sustainable mining platform in Minas Gerais. The amount follows the cycle of investments made in the state in recent years, for modernization, technological updating, improvement of environmental practice
SAO PAULO, May 3, 2023 /PRNewswire/ -- 1Q23 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), reaching R$ 4.3 billion, with an adjusted EBITDA margin of 22.9%. Adjusted EBITDA from the North America Business Operation reaches R$2.4 billion, with an adjusted EBITDA margin of 30,2%, in the first quarter. Free cash flow reaches R$ 2.7 billion. Since February 2023, Gerdau has only used the dry stacking method to dispose of 100% of the tailings from its iron ore production process in the state of Minas Gerais Additional Information Gerdau S.A. (NYSE:GGB, BM&, Fbovespa: GGBR3, GGBR4))) informs that it is filling today its 1Q23 results at the Securities an
SÃO PAULO, April 3, 2023 /PRNewswire/ -- GERDAU S.A. (NYSE:GGB, B3: GGBR3, GGBR4))) hereby announces that the Form 20-F related to the fiscal year ended December 31, 2022 was filed with the U.S. Securities and Exchange Commission (SEC) at http://sec.gov and with the Securities and Exchange Commission of Brazil (CVM) at http://cvm.gov.br and it is also available at the Company's Investor Relations website at https://ri.gerdau.com/en/ Shareholders may request a free copy of the Form 20-F from the IR team by sending an email to [email protected] or by calling +55 11 3094-4166. View original content:https://www.prnewswire.com/news-releases/gerdau-sa--form-20-f-301788734.html SOURCE Gerd
SÃO PAULO, March 1, 2023 /PRNewswire/ -- 4Q22 Highlights Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) reaches R$ 21.5 billion throughout 2022, with an adjusted EBITDA margin of 26.1%. Adjusted EBITDA from the North America Business Operation reaches R$10.6 billion in 2022, with an adjusted EBITDA margin of 32.0%, both historical annual records. Amount of dividends allocated in 2022 by Gerdau S.A. was R$ 6.1 billion (R$ 3.63 per share), a historic record for a year. The Company obtained the certification of its second operation as a B Company. Siderperu, the company's steel production operation in Peru, joins Gerdau Summit, which become the first two steel
Gerdau Next Ventures Leads Round, With Additional Investments from Asahi Kasei, Unreasonable Collective and Others Capital Will Fund Nation's First Sustainable, Automated Factory to Support Both Panelized and Volumetric Modular Housing Production Plant Prefab, the first Certified B Corporation™ building technology company dedicated to sustainable design, materials, and operations, today announced that it has secured $42 million in Series C and other funding to support the company's capacity expansion and increased multi-unit housing production. The Series C was led by Gerdau Next Ventures, the corporate venture capital program of Brazilian steel producer Gerdau, with additional investment