Olympic Steel (ZEUS) Stock Price, News & Analysis

Olympic Steel's stock was trading at $66.70 on January 1st, 2024. Since then, ZEUS shares have increased by 1.8% and is now trading at $67.92.
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Olympic Steel saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 328,600 shares, a decline of 25.1% from the March 15th total of 438,700 shares. Based on an average daily trading volume, of 82,600 shares, the short-interest ratio is presently 4.0 days. Approximately 3.4% of the shares of the company are short sold.
View Olympic Steel's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our ZEUS earnings forecast.

Olympic Steel will be holding an earnings conference call on Friday, May 3rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Olympic Steel, Inc. (NASDAQ:ZEUS) released its quarterly earnings data on Thursday, February, 22nd. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.12. The basic materials company had revenue of $489.41 million for the quarter, compared to the consensus estimate of $490.10 million. Olympic Steel had a trailing twelve-month return on equity of 7.30% and a net margin of 2.06%.

Olympic Steel declared a quarterly dividend on Thursday, February 22nd. Stockholders of record on Monday, March 4th will be given a dividend of $0.15 per share on Friday, March 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, March 1st. This is an increase from the stock's previous quarterly dividend of $0.13.
Read our dividend analysis for ZEUS.

Olympic Steel (NASDAQ:ZEUS) pays an annual dividend of $0.60 per share and currently has a dividend yield of 0.88%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ZEUS will have a dividend payout ratio of 14.60% 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 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), Cambria Value and Momentum ETF (VAMO), First Trust Dow Jones Select Microcap Index Fund (FDM), VanEck Steel ETF (SLX) and SPDR S&P Metals & Mining ETF (XME).

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 (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).

Shares of ZEUS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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