Equities research analysts forecast that Olympic Steel, Inc. (NASDAQ:ZEUS) will post earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Olympic Steel’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.05. Olympic Steel posted earnings per share of ($0.19) in the same quarter last year, which would indicate a positive year-over-year growth rate of 142.1%. The business is scheduled to issue its next earnings results on Thursday, March 1st.
On average, analysts expect that Olympic Steel will report full-year earnings of $1.18 per share for the current financial year. For the next financial year, analysts anticipate that the firm will report earnings of $1.49 per share, with EPS estimates ranging from $1.39 to $1.58. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Olympic Steel.
Olympic Steel (NASDAQ:ZEUS) last issued its earnings results on Wednesday, November 8th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. The company had revenue of $331.44 million during the quarter, compared to analyst estimates of $323.05 million. Olympic Steel had a return on equity of 4.32% and a net margin of 0.99%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.16) EPS.
ZEUS has been the subject of a number of recent research reports. Zacks Investment Research lowered Olympic Steel from a “hold” rating to a “strong sell” rating in a research note on Friday, October 20th. KeyCorp reiterated a “hold” rating on shares of Olympic Steel in a research note on Sunday, October 22nd.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZEUS. TIAA CREF Investment Management LLC raised its stake in shares of Olympic Steel by 31.9% during the 1st quarter. TIAA CREF Investment Management LLC now owns 34,957 shares of the basic materials company’s stock valued at $649,000 after buying an additional 8,454 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Olympic Steel by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 487,212 shares of the basic materials company’s stock valued at $9,042,000 after buying an additional 33,491 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Olympic Steel by 3.4% during the 1st quarter. Geode Capital Management LLC now owns 75,780 shares of the basic materials company’s stock valued at $1,406,000 after buying an additional 2,467 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Olympic Steel by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 926,074 shares of the basic materials company’s stock valued at $17,188,000 after buying an additional 3,394 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Olympic Steel by 112.2% during the 1st quarter. Bank of America Corp DE now owns 14,090 shares of the basic materials company’s stock valued at $262,000 after buying an additional 7,449 shares during the last quarter. Institutional investors and hedge funds own 68.01% of the company’s stock.
Olympic Steel (NASDAQ:ZEUS) traded up $0.27 during midday trading on Friday, hitting $20.70. The company’s stock had a trading volume of 85,716 shares, compared to its average volume of 173,442. The stock has a market cap of $224.15, a price-to-earnings ratio of 20.38, a P/E/G ratio of 2.18 and a beta of 1.78. Olympic Steel has a twelve month low of $15.83 and a twelve month high of $28.48. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.23 and a quick ratio of 1.54.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.39%. Olympic Steel’s payout ratio is currently 7.21%.
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About Olympic Steel
Olympic Steel, Inc is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company’s carbon flat products segment’s focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.
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