Olympic Steel (NASDAQ:ZEUS - Get Free Report) announced its quarterly earnings results on Thursday. The basic materials company reported $0.21 EPS 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 firm had revenue of $492.94 million during the quarter, compared to the consensus estimate of $466.80 million.
Olympic Steel Price Performance
ZEUS opened at $34.92 on Friday. The company has a current ratio of 3.52, a quick ratio of 1.26 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $389.81 million, a P/E ratio of 17.73 and a beta of 1.50. The stock has a 50-day moving average price of $31.48 and a 200-day moving average price of $35.00. Olympic Steel has a 12-month low of $26.32 and a 12-month high of $64.15.
Olympic Steel Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.16 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.83%. Olympic Steel's payout ratio is 32.49%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. StockNews.com lowered Olympic Steel from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. KeyCorp raised their target price on shares of Olympic Steel from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Monday, February 24th.
Get Our Latest Research Report on Olympic Steel
About Olympic Steel
(
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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.
Further Reading
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