Olympic Steel (NASDAQ:ZEUS) issued its quarterly earnings results on Friday. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.15), Bloomberg Earnings reports. Olympic Steel had a net margin of 0.99% and a return on equity of 4.32%. The firm had revenue of $308.17 million for the quarter, compared to analyst estimates of $313.00 million. During the same period last year, the company earned ($0.23) EPS. The company’s revenue was up 20.9% compared to the same quarter last year.

Olympic Steel (ZEUS) opened at $20.85 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.54 and a current ratio of 4.23. Olympic Steel has a one year low of $15.83 and a one year high of $25.84. The stock has a market capitalization of $204.52, a price-to-earnings ratio of 12.48, a PEG ratio of 1.60 and a beta of 1.85.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, February 28th. Olympic Steel’s dividend payout ratio (DPR) is presently 4.79%.

Several equities analysts have recently issued reports on ZEUS shares. Zacks Investment Research raised Olympic Steel from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Olympic Steel in a research note on Friday, November 24th. Finally, BidaskClub raised Olympic Steel from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.50.

Institutional investors and hedge funds have recently modified their holdings of the company. Globeflex Capital L P acquired a new position in shares of Olympic Steel during the fourth quarter valued at $132,000. The Manufacturers Life Insurance Company lifted its stake in Olympic Steel by 12.6% in the second quarter. The Manufacturers Life Insurance Company now owns 8,349 shares of the basic materials company’s stock valued at $163,000 after buying an additional 934 shares during the period. Comerica Bank acquired a new position in Olympic Steel in the fourth quarter valued at about $228,000. Algert Global LLC acquired a new position in Olympic Steel in the third quarter valued at about $261,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Olympic Steel in the third quarter valued at about $264,000. 66.89% of the stock is currently owned by institutional investors and hedge funds.

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About Olympic Steel

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.

Earnings History for Olympic Steel (NASDAQ:ZEUS)

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