Olympic Steel Inc. (ZEUS) Trading Up 5.2%
Olympic Steel Inc. (NASDAQ:ZEUS) was up 5.2% on Thursday . The stock traded as high as $20.48 and last traded at $20.45, with a volume of 70,499 shares traded. The stock had previously closed at $19.43.
Several equities research analysts have weighed in on ZEUS shares. KeyCorp lowered Olympic Steel from a “sector weight” rating to an “underweight” rating and set a $21.00 target price on the stock. in a research report on Friday, August 19th. Zacks Investment Research raised Olympic Steel from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Saturday, May 7th. TheStreet raised Olympic Steel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $25.00 target price (up from $20.00) on shares of Olympic Steel in a research report on Friday, June 10th.
The firm’s market cap is $226.08 million. The company’s 50-day moving average price is $26.44 and its 200 day moving average price is $21.10.
Olympic Steel (NASDAQ:ZEUS) last released its earnings results on Tuesday, August 2nd. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.07. The firm 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 period in the prior year, the firm posted ($0.08) EPS. On average, equities research analysts predict 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 paid a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.08 annualized dividend and a yield of 0.41%.
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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