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NASDAQ:ZEUS

Olympic Steel (ZEUS) Stock Price, News & Analysis

Olympic Steel logo
$41.31 +0.55 (+1.35%)
(As of 01:30 PM ET)

About Olympic Steel Stock (NASDAQ:ZEUS)

Key Stats

Today's Range
$40.89
$41.65
50-Day Range
$34.57
$42.15
52-Week Range
$32.23
$73.49
Volume
36,255 shs
Average Volume
115,545 shs
Market Capitalization
$459.78 million
P/E Ratio
18.12
Dividend Yield
1.45%
Price Target
N/A
Consensus Rating
N/A

Company Overview

Olympic Steel, Inc. processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates. The company also provides cutting-to-length, slitting, shearing, blanking, tempering, stretcher-leveling, plate and laser processing, forming and machining, tube processing, finishing, and fabrication services, as well as value-added services, such as saw cutting, laser cutting, beveling, threading, and grooving services. It serves metal consuming industries, such as manufacturers and fabricators of transportation and material handling lift equipment, construction, mining and farm equipment, agriculture equipment, storage tanks, environmental and energy generation equipment, automobiles, food service, and electrical equipment, as well as general and plate fabricators, and metals service centers through direct sales force. Olympic Steel, Inc. was founded in 1954 and is based in Highland Hills, Ohio.

Olympic Steel Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
46th Percentile Overall Score

ZEUS MarketRank™: 

Olympic Steel scored higher than 46% of companies evaluated by MarketBeat, and ranked 142nd out of 189 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Olympic Steel.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Olympic Steel is 18.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.52.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Olympic Steel is 18.05, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 120.30.

  • Price to Book Value per Share Ratio

    Olympic Steel has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Olympic Steel's valuation and earnings.
  • Percentage of Shares Shorted

    3.74% 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, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Olympic Steel has recently decreased by 0.57%, indicating that investor sentiment is improving.
  • Dividend Yield

    Olympic Steel pays a meaningful dividend of 1.53%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Olympic Steel does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Olympic Steel is 26.32%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Olympic Steel's dividend.
  • Percentage of Shares Shorted

    3.74% 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, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Olympic Steel has recently decreased by 0.57%, indicating that investor sentiment is improving.
  • News Sentiment

    Olympic Steel has a news sentiment score of 0.31. 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 lower news sentiment than the 0.55 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Olympic Steel this week, compared to 2 articles on an average week.
  • Search Interest

    3 people have searched for ZEUS on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Olympic Steel insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    13.81% 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

    87.07% of the stock of Olympic Steel is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Olympic Steel's insider trading history.
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ZEUS Stock News Headlines

Olympic Steel buys Georgia metal former MetalWorks
Olympic Steel acquires Metal Works, terms undisclosed
The #1 ETF for monthly income
We just found the #1 ETF for monthly income. This outlier is paying a huge 22% dividend... And you could start collecting it if you act by December 19th.
Olympic Steel Acquires Metal Works; Terms Undisclosed
Olympic Steel Acquires Metal Works
Olympic Steel reports Q3 EPS 11c, consensus 31c
Olympic Steel Navigates Challenging Market with Strategic Focus
See More Headlines

ZEUS Stock Analysis - Frequently Asked Questions

Olympic Steel's stock was trading at $66.70 at the beginning of 2024. Since then, ZEUS stock has decreased by 38.3% and is now trading at $41.15.
View the best growth stocks for 2024 here
.

Olympic Steel, Inc. (NASDAQ:ZEUS) issued its earnings results on Thursday, August, 1st. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. The basic materials company had revenue of $526.25 million for the quarter. Olympic Steel had a trailing twelve-month return on equity of 3.79% and a net margin of 1.32%.

The following companies are subsidiaries of Olympic Steel: Berlin Metals, B. Metals Inc., Chicago Tube and Iron Company, IS Acquisition Inc, MCI Inc., Metales De Olympic S. de R. L. de C.V., Olympic Steel Iowa Inc, and more.

Top institutional shareholders of Olympic Steel include State Street Corp (4.38%), Geode Capital Management LLC (2.09%), Jane Street Group LLC (1.82%) and Jacobs Levy Equity Management Inc. (1.10%). Insiders that own company stock include Michael D Siegal, David A Wolfort and Andrew S Greiff.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Olympic Steel investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Palo Alto Networks (PANW) and ServiceNow (NOW).

Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 9/16 Dividend
8/30/2024
Dividend Payable
9/16/2024
Today
11/22/2024
Ex-Dividend for 12/16 Dividend
12/02/2024
Dividend Payable
12/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/27/2025

Industry, Sector and Symbol

Industry
Metals service centers & offices
Sub-Industry
Steel
Current Symbol
NASDAQ:ZEUS
CUSIP
68162K10
Employees
2,168
Year Founded
1954

Profitability

Net Income
$44.53 million
Pretax Margin
1.80%

Debt

Sales & Book Value

Annual Sales
$2.16 billion
Cash Flow
$6.32 per share
Book Value
$51.26 per share

Miscellaneous

Free Float
9,596,000
Market Cap
$458.00 million
Optionable
Optionable
Beta
1.47

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This page (NASDAQ:ZEUS) was last updated on 11/22/2024 by MarketBeat.com Staff
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