Olympic Steel (ZEUS) Stock Forecast, Price & News

Olympic Steel's stock was trading at $33.58 at the beginning of 2023. Since then, ZEUS stock has increased by 67.4% and is now trading at $56.21.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our ZEUS earnings forecast.

Olympic Steel, Inc. (NASDAQ:ZEUS) released its earnings results on Thursday, August, 3rd. The basic materials company reported $1.24 EPS for the quarter, missing analysts' consensus estimates of $1.26 by $0.02. The basic materials company had revenue of $569.27 million for the quarter, compared to analysts' expectations of $636.40 million. Olympic Steel had a trailing twelve-month return on equity of 8.40% and a net margin of 1.78%.

Olympic Steel announced a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, September 1st will be given a dividend of $0.125 per share on Friday, September 15th. This represents a $0.50 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for ZEUS.

ETFs with the largest weight of Olympic Steel (NASDAQ:ZEUS) stock in their portfolio include Invesco S&P SmallCap 600 Pure Value ETF (RZV), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap Materials ETF (PSCM), Pacer US Small Cap Cash Cows 100 ETF (CALF), SPDR S&P Metals & Mining ETF (XME) and First Trust Dow Jones Select Microcap Index Fund (FDM).

Olympic Steel (NASDAQ:ZEUS) pays an annual dividend of $0.50 per share and currently has a dividend yield of 0.89%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ZEUS will have a dividend payout ratio of 15.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ZEUS.

5 employees have rated Olympic Steel Chief Executive Officer Richard T. Marabito on Glassdoor.com. Richard T. Marabito has an approval rating of 100% among the company's employees. This puts Richard T. Marabito in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Olympic Steel investors own include Universal Stainless & Alloy Products (USAP), Reliance Steel & Aluminum (RS), Gilead Sciences (GILD), International Business Machines (IBM), Tapestry (TPR), AbbVie (ABBV), Alibaba Group (BABA), Ryerson (RYI), Wells Fargo & Company (WFC) and Applied Optoelectronics (AAOI).

Olympic Steel trades on the NASDAQ under the ticker symbol "ZEUS."

Shares of ZEUS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ZEUS stock can currently be purchased for approximately $56.21.

Olympic Steel (NASDAQ:ZEUS) has a market capitalization of $625.62 million and generates $2.56 billion in revenue each year. The basic materials company earns $90.93 million in net income (profit) each year or $3.53 on an earnings per share basis.

The company employs 1,668 workers across the globe.

Olympic Steel's mailing address is 22901 MILLCREEK BOULEVARD SUITE 650, HIGHLAND HILLS OH, 44122. The official website for the company is www.olysteel.com. The basic materials company can be reached via phone at (216) 292-3800, via email at ir@olysteel.com, or via fax at 216-292-3974.