Olympic Steel (ZEUS) Stock Forecast, Price & News

Olympic Steel's stock was trading at $33.58 at the start of the year. Since then, ZEUS shares have increased by 26.9% and is now trading at $42.60.
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Olympic Steel saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 317,900 shares, a decline of 13.0% from the April 30th total of 365,600 shares. Based on an average daily trading volume, of 133,400 shares, the short-interest ratio is presently 2.4 days. Approximately 3.3% of the shares of the company are sold short.
View Olympic Steel's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our ZEUS earnings forecast.

Olympic Steel, Inc. (NASDAQ:ZEUS) released its earnings results on Thursday, February, 25th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.10. The basic materials company had revenue of $331.55 million for the quarter. Olympic Steel had a trailing twelve-month return on equity of 13.10% and a net margin of 2.61%.

Olympic Steel declared a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.125 per share on Thursday, June 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, May 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 Value with Momentum ETF (XSVM), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Cambria Value and Momentum ETF (VAMO), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco DWA Basic Materials Momentum ETF (PYZ), Invesco S&P SmallCap Materials ETF (PSCM), Roundhill Acquirers Deep Value ETF (DEEP) 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 1.13%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ZEUS will have a dividend payout ratio of 12.20% 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."

Olympic Steel's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (16.41%), Dimensional Fund Advisors LP (8.46%), State Street Corp (5.69%), Acadian Asset Management LLC (4.00%), Pacer Advisors Inc. (2.50%) and Ameriprise Financial Inc. (1.91%). Insiders that own company stock include Andrew S Greiff, David A Wolfort, David A Wolfort and Michael D Siegal.
View institutional ownership trends.

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 $42.60.

Olympic Steel (NASDAQ:ZEUS) has a market capitalization of $474.14 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 $5.49 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.