Olympic Steel Inc. (ZEUS) Trading 4.8% Higher
Olympic Steel Inc. (NASDAQ:ZEUS)’s share price traded up 4.8% during mid-day trading on Monday . The company traded as high as $25.37 and last traded at $25.30, with a volume of 55,995 shares. The stock had previously closed at $24.14.
A number of equities analysts have issued reports on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Olympic Steel in a report on Wednesday, August 3rd. TheStreet raised shares of Olympic Steel from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, Zacks Investment Research raised shares of Olympic Steel from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Saturday, May 7th.
The stock has a 50-day moving average price of $27.23 and a 200-day moving average price of $20.53. The stock’s market cap is $276.28 million.
Olympic Steel (NASDAQ:ZEUS) last announced its earnings results on Tuesday, August 2nd. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.07. The company earned $273.60 million during the quarter, compared to the consensus estimate of $305.66 million. During the same period in the previous year, the company posted ($0.08) EPS. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, analysts anticipate that Olympic Steel Inc. will post $0.90 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $0.02 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.32%.
Olympic Steel, Inc is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company’s carbon flat products segment’s focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.
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