Olympic Steel Inc. (ZEUS) Trading 4.8% Higher
Olympic Steel Inc. (NASDAQ:ZEUS)’s share price traded up 4.8% during mid-day trading on Monday . The company traded as high as $25.37 and last traded at $25.30, with a volume of 55,995 shares traded. The stock had previously closed at $24.14.
A number of equities analysts have recently issued reports on the company. Jefferies Group reissued a “hold” rating and set a $25.00 target price (up 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 target price for the company in a research note on Saturday, May 7th. Finally, TheStreet raised Olympic Steel from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th.
The firm has a 50 day moving average price of $27.24 and a 200-day moving average price of $20.64. The stock’s market cap is $276.61 million.
Olympic Steel (NASDAQ:ZEUS) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.07. The company earned $273.60 million during the quarter, compared to analyst estimates of $305.66 million. During the same period last year, the business earned ($0.08) EPS. The business’s quarterly revenue was down 13.2% on a year-over-year basis. On average, equities analysts expect that Olympic Steel Inc. will post $0.90 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.02 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.08 dividend on an annualized basis and a yield of 0.32%.
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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