Olympic Steel Inc. (ZEUS) Trading Up 3.7%
Olympic Steel Inc. (NASDAQ:ZEUS)’s share price was up 3.7% during mid-day trading on Thursday . The stock traded as high as $20.06 and last traded at $20.04, with a volume of 67,803 shares changing hands. The stock had previously closed at $19.33.
Several equities analysts recently issued reports on ZEUS shares. Jefferies Group reaffirmed a “hold” rating on shares of Olympic Steel in a research note on Wednesday, August 3rd. TheStreet raised shares of Olympic Steel from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. KeyCorp downgraded shares of Olympic Steel from a “sector weight” rating to an “underweight” rating and set a $21.00 price target on the stock. in a research note on Friday, August 19th. Finally, Zacks Investment Research raised shares of Olympic Steel from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Saturday, May 7th.
The firm’s market cap is $213.59 million. The stock has a 50-day moving average of $24.83 and a 200 day moving average of $21.44.
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 Thomson Reuters’ consensus estimate of $0.39 by $0.07. The business had revenue of $273.60 million for the quarter, compared to analysts’ expectations of $305.66 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. Olympic Steel’s revenue for the quarter was down 13.2% on a year-over-year basis. Equities analysts expect that Olympic Steel Inc. will post $0.77 earnings per share for the current fiscal 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 issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.41%. The ex-dividend date is Tuesday, August 30th.
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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