Olympic Steel Inc. (ZEUS) Stock Price Down 1.9%
Shares of Olympic Steel Inc. (NASDAQ:ZEUS) fell 1.9% during trading on Tuesday . The company traded as low as $20.51 and last traded at $20.51, with a volume of 82,626 shares changing hands. The stock had previously closed at $20.91.
A number of research firms recently commented on ZEUS. Jefferies Group reaffirmed a “hold” rating and set a $25.00 price objective (up previously from $20.00) on shares of Olympic Steel in a research note on Friday, June 10th. Zacks Investment Research raised Olympic Steel from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Saturday, May 7th. KeyCorp lowered Olympic Steel from a “sector weight” rating to an “underweight” rating and set a $21.00 price objective on the stock. in a research note on Friday. Finally, TheStreet raised Olympic Steel from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th.
The stock has a 50 day moving average price of $26.65 and a 200 day moving average price of $21.11. The firm’s market cap is $223.45 million.
Olympic Steel (NASDAQ:ZEUS) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.07. The business earned $273.60 million during the quarter, compared to the consensus estimate of $305.66 million. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.08) EPS. On average, equities research analysts predict that Olympic Steel Inc. will post $0.77 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be given 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 yield of 0.39%.
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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