Olympic Steel Inc. (ZEUS) Stock Price Down 3.8%
Olympic Steel Inc. (NASDAQ:ZEUS)’s share price traded down 3.8% during trading on Monday . The stock traded as low as $19.32 and last traded at $19.49, with a volume of 175,900 shares changing hands. The stock had previously closed at $20.25.
Several equities analysts have commented on the company. Jefferies Group reissued a “hold” rating and set a $25.00 price objective (up previously from $20.00) on shares of Olympic Steel in a research report on Friday, June 10th. TheStreet upgraded Olympic Steel from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Zacks Investment Research downgraded Olympic Steel from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Finally, KeyCorp downgraded Olympic Steel from a “sector weight” rating to an “underweight” rating and set a $21.00 price target for the company. in a report on Friday, August 19th.
The firm’s 50-day moving average is $24.83 and its 200 day moving average is $21.44. The company’s market capitalization is $213.59 million.
Olympic Steel (NASDAQ:ZEUS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ 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 firm’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) earnings per share. Analysts anticipate that Olympic Steel Inc. will post $0.77 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be given 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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