Olympic Steel Stock Price, News & Analysis (NASDAQ:ZEUS)

Olympic Steel's stock was trading at $33.58 on January 1st, 2023. Since then, ZEUS shares have increased by 65.0% and is now trading at $55.40.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our ZEUS earnings forecast.

Olympic Steel, Inc. (NASDAQ:ZEUS) issued its quarterly earnings results on Thursday, November, 2nd. The basic materials company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.80 by $0.12. The basic materials company had revenue of $526.41 million for the quarter, compared to analysts' expectations of $547.30 million. Olympic Steel had a net margin of 1.88% and a trailing twelve-month return on equity of 7.24%.

Olympic Steel declared a quarterly dividend on Thursday, November 2nd. Shareholders of record on Friday, December 1st will be given a dividend of $0.125 per share on Friday, December 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for ZEUS.

Olympic Steel (NASDAQ:ZEUS) pays an annual dividend of $0.50 per share and currently has a dividend yield of 0.87%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ZEUS will have a dividend payout ratio of 13.97% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (3.33%), Acadian Asset Management LLC (2.99%), AQR Capital Management LLC (1.58%), American Century Companies Inc. (1.46%), Ameriprise Financial Inc. (1.46%) and Charles Schwab Investment Management Inc. (1.43%). Insiders that own company stock include Andrew S Greiff, David A Wolfort, David A Wolfort and Michael D Siegal.
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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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