Olympic Steel (ZEUS) to Release Earnings on Thursday

Olympic Steel (NASDAQ:ZEUS - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.24 per share and revenue of $466.80 million for the quarter.

Olympic Steel (NASDAQ:ZEUS - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. Olympic Steel had a return on equity of 3.31% and a net margin of 1.18%. The business had revenue of $418.78 million during the quarter, compared to the consensus estimate of $441.60 million.

Olympic Steel Stock Performance

Olympic Steel stock traded down $0.27 during mid-day trading on Friday, reaching $31.56. 57,444 shares of the company traded hands, compared to its average volume of 119,525. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.52 and a quick ratio of 1.26. The firm's fifty day moving average is $31.85 and its two-hundred day moving average is $35.20. Olympic Steel has a fifty-two week low of $26.32 and a fifty-two week high of $67.81. The company has a market capitalization of $352.30 million, a price-to-earnings ratio of 16.02 and a beta of 1.50.

Olympic Steel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Olympic Steel's previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.03%. Olympic Steel's dividend payout ratio is currently 32.49%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. KeyCorp increased their price objective on shares of Olympic Steel from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. StockNews.com lowered shares of Olympic Steel from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.

Olympic Steel Company Profile

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.