Olympic Steel Inc. (ZEUS) Trading 5.8% Higher
Olympic Steel Inc. (NASDAQ:ZEUS)’s share price traded up 5.8% on Tuesday . The stock traded as high as $28.85 and last traded at $28.67, with a volume of 60,699 shares changing hands. The stock had previously closed at $27.11.
Several equities research analysts recently commented on ZEUS shares. Jefferies Group reiterated a “hold” rating and issued a $25.00 price objective (up from $20.00) on shares of Olympic Steel in a report on Friday, June 10th. Zacks Investment Research upgraded Olympic Steel from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Saturday, May 7th. Finally, TheStreet upgraded Olympic Steel from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th.
The firm’s market capitalization is $314.85 million. The company has a 50 day moving average of $27.02 and a 200-day moving average of $18.73.
Olympic Steel (NASDAQ:ZEUS) last posted its quarterly earnings data on Friday, April 29th. The company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.08. The company had revenue of $258.30 million for the quarter, compared to analyst estimates of $251.82 million. During the same quarter in the prior year, the business earned $0.10 EPS. Olympic Steel’s revenue was down 25.3% compared to the same quarter last year. Analysts predict that Olympic Steel Inc. will post $0.92 earnings per share for the current fiscal year.
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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