Olympic Steel Inc. (ZEUS) Trading Down 3.9%
Olympic Steel Inc. (NASDAQ:ZEUS)’s share price was down 3.9% on Friday . The company traded as low as $24.34 and last traded at $24.39, with a volume of 58,844 shares. The stock had previously closed at $25.38.
A number of equities analysts recently weighed in on ZEUS shares. Zacks Investment Research raised shares of Olympic Steel from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Saturday, May 7th. Jefferies Group reaffirmed a “hold” rating on shares of Olympic Steel in a research report on Wednesday, August 3rd. Finally, TheStreet raised shares of Olympic Steel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th.
The firm’s market cap is $264.55 million. The stock has a 50 day moving average price of $27.32 and a 200-day moving average price of $20.12.
Olympic Steel (NASDAQ:ZEUS) last announced its earnings results on Tuesday, August 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.07. The business had revenue of $273.60 million for the quarter, compared to the consensus estimate of $305.66 million. The company’s revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.08) EPS. Equities research analysts predict that Olympic Steel Inc. will post $0.90 earnings per share for the current year.
The firm also recently announced 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. This represents a $0.08 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend 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.