Olympic Steel (ZEUS) Projected to Post Quarterly Earnings on Thursday

Olympic Steel (NASDAQ:ZEUS - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.24 per share and revenue of $466.80 million for the quarter.

Olympic Steel (NASDAQ:ZEUS - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $418.78 million for the quarter, compared to analysts' expectations of $441.60 million. Olympic Steel had a return on equity of 3.31% and a net margin of 1.18%.

Olympic Steel Stock Up 0.2 %

ZEUS stock traded up $0.07 during mid-day trading on Tuesday, hitting $31.73. 72,395 shares of the company were exchanged, compared to its average volume of 119,345. The firm has a market cap of $354.20 million, a P/E ratio of 16.11 and a beta of 1.50. Olympic Steel has a 1-year low of $26.32 and a 1-year high of $66.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.26 and a current ratio of 3.52. The firm's 50 day simple moving average is $31.67 and its 200 day simple moving average is $35.09.

Olympic Steel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Olympic Steel's previous quarterly dividend of $0.15. Olympic Steel's dividend payout ratio is 32.49%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZEUS. StockNews.com cut shares of Olympic Steel from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. KeyCorp upped their price target on shares of Olympic Steel from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Monday, February 24th.

About Olympic Steel

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.