Olympic Steel Inc. (ZEUS) Trading 3.7% Higher
Olympic Steel Inc. (NASDAQ:ZEUS)’s share price traded up 3.7% during trading on Thursday . The company traded as high as $20.06 and last traded at $20.04, with a volume of 67,803 shares. The stock had previously closed at $19.33.
A number of equities research analysts have recently issued reports on ZEUS shares. Jefferies Group restated a “hold” rating and issued a $25.00 target price (up previously from $20.00) on shares of Olympic Steel in a research note on Friday, June 10th. TheStreet upgraded shares of Olympic Steel from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Zacks Investment Research lowered shares of Olympic Steel from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Finally, KeyCorp lowered shares of Olympic Steel from a “sector weight” rating to an “underweight” rating and set a $21.00 target price on the stock. in a research note on Friday, August 19th.
The firm has a 50 day moving average of $25.22 and a 200-day moving average of $21.45. The firm’s market cap is $221.92 million.
Olympic Steel (NASDAQ:ZEUS) last announced its quarterly earnings results 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 firm had revenue of $273.60 million for 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 last year, the business posted ($0.08) EPS. Equities research analysts expect that Olympic Steel Inc. will post $0.77 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.02 per share. The ex-dividend date is Tuesday, August 30th. This represents a $0.08 annualized dividend and a dividend 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.