Olympic Steel (NASDAQ:ZEUS - Get Free Report) posted its earnings results on Thursday, May 1st. The basic materials company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.03), Zacks reports. Olympic Steel had a net margin of 1.18% and a return on equity of 3.31%. The business had revenue of $492.94 million for the quarter, compared to analysts' expectations of $466.80 million.
Olympic Steel Trading Up 1.0 %
ZEUS traded up $0.31 during trading on Thursday, hitting $32.47. The company's stock had a trading volume of 22,208 shares, compared to its average volume of 90,977. Olympic Steel has a twelve month low of $26.32 and a twelve month high of $56.10. The firm's 50 day moving average price is $31.37 and its 200-day moving average price is $34.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.52 and a quick ratio of 1.26. The stock has a market cap of $362.46 million, a PE ratio of 16.48 and a beta of 1.75.
Olympic Steel Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.97%. Olympic Steel's dividend payout ratio (DPR) is currently 44.76%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. KeyCorp cut their price objective on Olympic Steel from $43.00 to $41.00 and set an "overweight" rating for the company in a research report on Tuesday. StockNews.com downgraded Olympic Steel from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.
Check Out Our Latest Stock Report on ZEUS
About Olympic Steel
(
Get Free Report)
Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.
See Also
Before you consider Olympic Steel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Olympic Steel wasn't on the list.
While Olympic Steel currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
