Olympic Steel (NASDAQ:ZEUS) Posts Earnings Results

Olympic Steel (NASDAQ:ZEUS) posted its quarterly earnings results on Thursday. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05, Zacks reports. The business had revenue of $418.78 million during the quarter, compared to analysts’ expectations of $441.60 million. Olympic Steel had a net margin of 1.18% and a return on equity of 3.31%.

Olympic Steel Stock Up 3.3 %

ZEUS stock opened at $37.88 on Friday. The firm has a market cap of $421.60 million, a PE ratio of 19.23 and a beta of 1.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.26 and a current ratio of 3.52. The firm’s fifty day moving average is $34.31 and its 200 day moving average is $37.72. Olympic Steel has a one year low of $30.29 and a one year high of $73.49.

Olympic Steel Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.69%. The ex-dividend date is Monday, March 3rd. This is a positive change from Olympic Steel’s previous quarterly dividend of $0.15. Olympic Steel’s dividend payout ratio (DPR) is currently 30.46%.

Wall Street Analysts Forecast Growth

ZEUS has been the subject of several recent research reports. KeyCorp raised shares of 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. StockNews.com raised shares of Olympic Steel from a “hold” rating to a “buy” rating in a report on Friday.

About Olympic Steel

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.