60 hedge funds sold their entire positions in Gerdau SA (GGB)

Angelo Anderson
January 13, 2018

Gerdau S.A. (GGB) shares Jumped 0.47% and ended the day at $4.32.

Many analysts are providing their Estimated Earnings analysis for Gerdau S.A. and for the current quarter 1 analysts have projected that the stock could give an Average Earnings estimate of $0.02/share.

After a recent check, Wells Fargo & Company's 14-day RSI is now at 63.36, the 7-day stands at 58.79, and the 3-day is sitting at 44.34.

Wall Street analysts are predicting that Gerdau S.A. (NYSE:GGB) will report earnings per share of $0.02 in their quarterly report. Zacks Investment Research raised Gerdau from a "hold" rating to a "buy" rating and set a $4.25 target price on the stock in a report on Wednesday, September 20th. As the name implies that ABR will show you the Average of Brokerage Recommendations on a given stock. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable.

The company shows its Return on Assets (ROA) value of -3.8%. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".

Previously Gerdau S.A. (NYSE:GGB) reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $-0.03.

Gerdau S.A. (NYSE:GGB) has average revenue estimates of $3.05 Billion, compared to low analyst estimates of $3.05 Billion and high estimates of $3.05 Billion for the current quarter.

According to 10 analysts, the Average Revenue Estimate for the current Fiscal quarter is $212.35 Million and the Low Revenue estimate is $189.14 Million, while the High Revenue estimate is $266.2 Million. The company reported revenue of $2.97 Billion in the same period past year. Their 52-Week High and Low are noted here.

When we see the company's Volatility, it now has a monthly volatility of 6.71% and weekly volatility of 5.70%. The Stock has YTD (year to date) performance of 24.46 percent. The Weekly Volatility is 3.37% and the Monthly Volatility is 3.06%. Gerdau S.A. (GGB) has a 14-day RSI of 85.83, the 7-day is at 91.71, and the 3-day is resting at 94.03.

Several institutional investors and hedge funds have recently bought and sold shares of GGB.

Gerdau S.A. (NYSE:GGB) touched its 1-Year High price of $4.69 on 01/11/18 and its 1-Year Low price of $2.60 on 06/15/17. The company has its outstanding shares of 1.65B. The consensus mean EPS for the current quarter is at $0.02 derived from a total of 1 estimates from the analysts who have weighed in on projected earnings. According to their observations and findings, the stock could provide a high EPS of $0.02/share and a low EPS of $0.02/share. A low P/E can indicate either that a company may now be undervalued or that the company is doing exceptionally well relative to its past trends. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. Taking short look on returns of the firm, net profit margin recorded as 8.60% while operating profit margin was -1.70%, whereas price to sale ratio stands at 0.69 and it indicates how much investor paid for a share compared to the sales a company generated per share. Accern also assigned news stories about the basic materials company an impact score of 46.1319369627179 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. The Free Cash Flow or FCF margin is 43.73.

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