|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.51 - 3.57|
|52 Week Range||2.47 - 4.39|
|PE Ratio (TTM)||-9.54|
|Dividend & Yield||0.03 (0.72%)|
|1y Target Est||3.83|
Brazilian steelmaker, Gerdau S.A. (GGB) is poised to reap benefits from growth in Brazilian and global steel demand. Diversified business structure and strategic initiatives are added advantages.
Gerdau S.A's (GGB) net income in second-quarter 2017 fell 19.1% year over year due to sales decline, adverse impacts of foreign currency translation and higher income tax expenses.
Brazilian steelmaker Gerdau SA is maintaining its capital spending target this year and aims to invest about as much in 2018, when an economic recovery should spur more construction, the company's chief executive said on Wednesday. "We see positive signals in Brazil. Earlier on Wednesday, Gerdau reported net profit of 76.5 million reais in the second quarter, down 3 percent from a year earlier, according to a securities filing.