Olympic Steel (NASDAQ:ZEUS - Get Free Report) released its earnings results on Thursday. The basic materials company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05, Zacks reports. Olympic Steel had a net margin of 1.18% and a return on equity of 3.31%. The firm had revenue of $418.78 million during the quarter, compared to analyst estimates of $441.60 million.
Olympic Steel Stock Performance
NASDAQ:ZEUS traded up $1.21 during mid-day trading on Friday, hitting $37.88. The stock had a trading volume of 134,932 shares, compared to its average volume of 66,349. The company has a current ratio of 3.52, a quick ratio of 1.26 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $34.31 and a 200-day simple moving average of $37.72. The stock has a market capitalization of $421.72 million, a price-to-earnings ratio of 19.23 and a beta of 1.52. Olympic Steel has a 52 week low of $30.29 and a 52 week high of $73.49.
Olympic Steel Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.16 per share. This is an increase from Olympic Steel's previous quarterly dividend of $0.15. The ex-dividend date is Monday, March 3rd. This represents a $0.64 annualized dividend and a dividend yield of 1.69%. Olympic Steel's payout ratio is 30.46%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ZEUS. StockNews.com raised shares of Olympic Steel from a "hold" rating to a "buy" rating in a research report on Friday. KeyCorp raised Olympic Steel from a "sector weight" rating to an "overweight" rating and set a $42.00 target price for the company in a report on Wednesday, January 22nd.
View Our Latest Stock Analysis on Olympic Steel
About Olympic Steel
(
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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