Gerdau (NYSE:GGB) Issues Quarterly Earnings Results

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

Gerdau Trading Down 1.1 %

GGB stock traded down $0.04 during midday trading on Wednesday, hitting $3.05. 4,897,614 shares of the company’s stock were exchanged, compared to its average volume of 8,766,694. The stock’s fifty day moving average price is $2.99 and its 200-day moving average price is $3.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.98. The company has a market cap of $6.33 billion, a PE ratio of 6.64 and a beta of 1.73. Gerdau has a one year low of $2.67 and a one year 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.