Olympic Steel (NASDAQ:ZEUS - Get Free Report) is set to announce its earnings results after the market closes on Thursday, October 31st. Investors that are interested in participating in the company's conference call can do so using this link.
Olympic Steel (NASDAQ:ZEUS - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The company had revenue of $526.25 million for the quarter. Olympic Steel had a net margin of 1.74% and a return on equity of 4.98%. During the same quarter last year, the company earned $1.24 earnings per share.
Olympic Steel Trading Up 0.8 %
NASDAQ:ZEUS traded up $0.29 on Thursday, reaching $36.82. 101,545 shares of the company's stock were exchanged, compared to its average volume of 116,291. The company has a quick ratio of 1.43, a current ratio of 3.77 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $409.81 million, a price-to-earnings ratio of 11.78 and a beta of 1.46. The business has a fifty day moving average of $38.91 and a 200-day moving average of $47.41. Olympic Steel has a 52-week low of $34.81 and a 52-week high of $73.49.
Olympic Steel Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 2nd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.63%. Olympic Steel's payout ratio is 19.29%.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Olympic Steel from a "hold" rating to a "buy" rating in a research note on Tuesday, September 24th.
Check Out Our Latest Stock Analysis on Olympic Steel
Olympic Steel Company Profile
(
Get Free Report)
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.
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