NASDAQ:ZEUS

Olympic Steel - ZEUS Stock Forecast, Price & News

$51.65

+1.56 (+3.11%)

(As of 03/27/2023 01:01 PM ET)

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Today's Range: $50.43
▼
$51.82
50-Day Range: $39.25
▼
$58.75
52-Week Range: $22.62
▼
$58.84

Volume: 48,698 shs
Average Volume: 135,661 shs
Market Capitalization: $574.86 million

P/E Ratio: 6.56
Dividend Yield: 0.97%
Price Target: N/A

Institutional Ownership

Olympic Steel MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
3.43% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -3.75
Upright™ Environmental Score
News Sentiment: 0.58
Based on 6 Articles This Week
Insider Trading: Selling Shares
$4.21 M Sold Last Quarter
Proj. Earnings Growth: 22.64%
From $3.49 to $4.28 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Basic Materials Sector

47th out of 160 stocks

Metals Service Centers & Offices Industry

1st out of 4 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Olympic Steel.

3.0

Short Interest

Percentage of Shares Shorted
3.43% of the float of Olympic Steel has been sold short.
Short Interest Ratio / Days to Cover
Olympic Steel has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Olympic Steel has recently increased by 3.66%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Olympic Steel pays a meaningful dividend of 1.01%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Olympic Steel has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Olympic Steel is 6.35%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Olympic Steel will have a dividend payout ratio of 11.68% next year. This indicates that Olympic Steel will be able to sustain or increase its dividend.

0.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Olympic Steel has received a -95.20% net impact score from Upright. The largest negative impact of Olympic Steel in category "GHG emissions" seems to be driven mostly by its "Carbon steel", "Aluminium sheet", and "Coated steel" products. See details.
Environmental Sustainability
The Environmental Impact score for Olympic Steel is -3.75.

3.7

News and Social Media Coverage

News Sentiment
Olympic Steel has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.39 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Olympic Steel this week, compared to 2 articles on an average week.
Search Interest
36 people have searched for ZEUS on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
9 people have added Olympic Steel to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Olympic Steel insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,209,000.00 in company stock.
Percentage Held by Insiders
17.40% of the stock of Olympic Steel is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
77.46% of the stock of Olympic Steel is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Olympic Steel are expected to grow by 22.64% in the coming year, from $3.49 to $4.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Olympic Steel is 6.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Olympic Steel is 6.47, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 76.89.
Price to Book Value per Share Ratio
Olympic Steel has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Olympic Steel (NASDAQ:ZEUS) Stock

Olympic Steel, Inc. engages in the processing, sale, and distribution of metal products. It operates through the following segments: Carbon Flat Products, Specialty Metals Flat Products, and Tubular and Pipe Products. The Carbon Flat Products segment includes large volumes of processed carbon and coated flat-rolled sheet, coil and plate products, and fabricated parts. The Specialty Metals Flat Products segment consists of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products, and fabricated parts. The Tubular and Pipe Products segment covers metal tubing, pipes, bars, valves, and fittings and fabricated pressure parts. The company was founded by Sol Siegal and Sam Sigel in 1954 and is headquartered in Highland Hills, OH.

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ZEUS Stock News Headlines

March 26, 2023 | seekingalpha.com

ZEUS Throws A Thunderbolt: A 'Strong Buy' Steel Stock

March 24, 2023 | finance.yahoo.com

Are Basic Materials Stocks Lagging Veritiv (VRTV) This Year?

March 27, 2023 | Tradewins (Ad)

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March 24, 2023 | finance.yahoo.com

Olympic Steel (NASDAQ:ZEUS) Is Doing The Right Things To Multiply Its Share Price

March 22, 2023 | americanbankingnews.com

Olympic Steel (NASDAQ:ZEUS) Trading 5.5% Higher

March 21, 2023 | seekingalpha.com

ZEUS Olympic Steel, Inc.

March 18, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on Olympic Steel (NASDAQ:ZEUS)

March 17, 2023 | finance.yahoo.com

Amyris (AMRS) Q4 Earnings and Revenues Lag Estimates

March 27, 2023 | Tradewins (Ad)

Modern Day Options Trading For Beginners!

March 16, 2023 | finance.yahoo.com

American Vanguard (AVD) Earnings and Sales Beat Estimates in Q4

March 14, 2023 | finance.yahoo.com

Reliance Steel's (RS) Shares Rally 24% in 3 Months: Here's Why

March 13, 2023 | finance.yahoo.com

Ashland (ASH) Gains on Pharma Business Strength & Pricing

March 2, 2023 | finance.yahoo.com

Olympic Steel, Inc. (ZEUS) Hit a 52 Week High, Can the Run Continue?

February 25, 2023 | finance.yahoo.com

Q4 2022 Olympic Steel Inc Earnings Call

February 23, 2023 | finance.yahoo.com

Olympic Steel (ZEUS) Q4 Earnings Beat Estimates

February 23, 2023 | msn.com

Olympic Steel GAAP EPS of $0.34 beats by $0.13, revenue of $520.0M misses by $58.9M

February 23, 2023 | businesswire.com

Olympic Steel Reports Fourth-Quarter and Full-Year 2022 Results

February 17, 2023 | finance.yahoo.com

Olympic Steel (ZEUS) Stock Moves -0.02%: What You Should Know

February 17, 2023 | finance.yahoo.com

Strength Seen in Olympic Steel (ZEUS): Can Its 5.4% Jump Turn into More Strength?

February 16, 2023 | finance.yahoo.com

6 big dividends: Speculation swirls on Intel payout cut | Pro Recap

January 24, 2023 | finance.yahoo.com

Webcast Alert: Olympic Steel to Announce Fourth-Quarter 2022 Financial Results After Market Closes on February 23, 2023

January 12, 2023 | finance.yahoo.com

FMC Corp (FMC) Shares Rally 28% in 6 Months: What's Driving It?

January 12, 2023 | finance.yahoo.com

Here's Why You Should Retain Albemarle (ALB) in Your Portfolio

January 11, 2023 | finance.yahoo.com

Should Value Investors Buy Aperam (APEMY) Stock?

January 11, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights Nucor, Steel Dynamics, TimkenSteel and Olympic Steel

January 10, 2023 | finance.yahoo.com

Olympic Steel Announces Finance and Accounting Department Promotions

January 5, 2023 | finance.yahoo.com

Is Outokumpu (OUTKY) a Great Value Stock Right Now?

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ZEUS Company Calendar

Last Earnings: 2/25/2021
Ex-Dividend for 3/15 Dividend: 2/28/2023
Dividend Payable: 3/15/2023
Today: 3/27/2023
Next Earnings (Estimated): 5/04/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Metals service centers & offices
Sub-Industry: Steel
Sector: Basic Materials
Current Symbol: NASDAQ:ZEUS
CUSIP: 68162K10
CIK: 917470
Web: www.olysteel.com
Phone: (216) 292-3800
Fax: 216-292-3974
Employees: 1,668
Year Founded: 1954

Profitability

EPS (Most Recent Fiscal Year): $7.87
Trailing P/E Ratio: 6.36
Forward P/E Ratio: 14.35
P/E Growth: N/A
Net Income: $90.93 million
Net Margins: 3.55%
Pretax Margin: 4.83%
Return on Equity: 18.04%
Return on Assets: 8.85%

Debt

Debt-to-Equity Ratio: 0.32
Current Ratio: 4.00
Quick Ratio: 1.46

Sales & Book Value

Annual Sales: $2.56 billion
Price / Sales: 0.22
Cash Flow: $9.88 per share
Price / Cash Flow: 5.07
Book Value: $46.36 per share
Price / Book: 1.08

Miscellaneous

Outstanding Shares: 11,130,000
Free Float: 9,193,000
Market Cap: $557.50 million
Optionable: Optionable
Beta: 1.80

Social Links

Key Executives

Richard T. Marabito
Chief Executive Officer & Inside Director

Andrew S. Greiff
President & Chief Operating Officer

Richard A. Manson
Chief Financial Officer & Secretary

Lisa K. Christen
Treasurer & Vice President

Ken Sloan
Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ZEUS Stock - Frequently Asked Questions

How have ZEUS shares performed in 2023?: Olympic Steel's stock was trading at $33.58 on January 1st, 2023. Since then, ZEUS shares have increased by 49.2% and is now trading at $50.09.
View the best growth stocks for 2023 here.
When is Olympic Steel's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our ZEUS earnings forecast.
How were Olympic Steel's earnings last quarter?: Olympic Steel, Inc. (NASDAQ:ZEUS) released its quarterly earnings results on Thursday, February, 25th. The basic materials company reported $0.16 EPS for the quarter, beating analysts' consensus estimates 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 18.04% and a net margin of 3.55%.
How often does Olympic Steel pay dividends? What is the dividend yield for Olympic Steel?: Olympic Steel declared a quarterly dividend on Wednesday, February 15th. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.125 per share on Wednesday, March 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Tuesday, February 28th. This is a positive change from the stock's previous quarterly dividend of $0.09.
Read our dividend analysis for ZEUS.
What ETFs hold Olympic Steel's stock?: 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), Roundhill Acquirers Deep Value ETF (DEEP), ETC 6 Meridian Small Cap Equity ETF (SIXS), iShares U.S. Infrastructure ETF (IFRA), Invesco S&P SmallCap Materials ETF (PSCM), First Trust Dow Jones Select Microcap Index Fund (FDM) and Pacer US Small Cap Cash Cows 100 ETF (CALF).
Is Olympic Steel a good dividend stock?: Olympic Steel (NASDAQ:ZEUS) pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.00%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ZEUS will have a dividend payout ratio of 11.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ZEUS.
What is Richard T. Marabito's approval rating as Olympic Steel's CEO?: 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.
What other stocks do shareholders of Olympic Steel own?: 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).

What is Olympic Steel's stock symbol?: Olympic Steel trades on the NASDAQ under the ticker symbol "ZEUS."
Who are Olympic Steel's major shareholders?: Olympic Steel's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.10%), Morgan Stanley (2.91%), Charles Schwab Investment Management Inc. (1.67%), Geode Capital Management LLC (1.63%), Pacer Advisors Inc. (1.11%) and Norges Bank (1.00%). Insiders that own company stock include Andrew S Greiff, David A Wolfort, David A Wolfort, Michael D Siegal, Richard P Stovsky and Richard T Marabito.
View institutional ownership trends.
How do I buy shares of Olympic Steel?: 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.
Compare Top Brokerages Here.
What is Olympic Steel's stock price today?: One share of ZEUS stock can currently be purchased for approximately $50.09.
How much money does Olympic Steel make?: Olympic Steel (NASDAQ:ZEUS) has a market capitalization of $557.50 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 $7.87 on an earnings per share basis.
How many employees does Olympic Steel have?: The company employs 1,668 workers across the globe.
Does Olympic Steel have any subsidiaries?: The following companies are subsidiares of Olympic Steel: B. Metals Inc., Berlin Metals, Chicago Tube and Iron Company, IS Acquisition Inc, MCI Inc., Metales De Olympic S. de R. L. de C.V., Oly Steel NC Inc., Olympic Steel Iowa Inc, Olympic Steel Lafayette Inc., Olympic Steel Minneapolis Inc., Olympic Steel Trading Inc., and Tinsley Group – PS&W Inc..
Read More
How can I contact Olympic Steel?: 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.

This page (NASDAQ:ZEUS) was last updated on 3/27/2023 by MarketBeat.com Staff

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Olympic Steel - ZEUS Stock Forecast, Price & News

Olympic Steel MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Olympic Steel (NASDAQ:ZEUS) Stock

ZEUS Stock News Headlines

ZEUS Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

ZEUS Stock - Frequently Asked Questions

Overall MarketRank^™