Olympic Steel (ZEUS) Set to Announce Earnings on Thursday

Olympic Steel (NASDAQ:ZEUS) is scheduled to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Olympic Steel to post earnings of $0.73 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Olympic Steel (NASDAQ:ZEUS) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.24 by $0.12. Olympic Steel had a return on equity of 7.30% and a net margin of 2.06%. The business had revenue of $489.41 million for the quarter, compared to the consensus estimate of $490.10 million. On average, analysts expect Olympic Steel to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Olympic Steel Price Performance

Shares of Olympic Steel stock opened at $67.56 on Thursday. The stock’s 50-day simple moving average is $68.27 and its 200-day simple moving average is $62.26. Olympic Steel has a 52 week low of $40.85 and a 52 week high of $73.49. The company has a market capitalization of $751.94 million, a price-to-earnings ratio of 17.55 and a beta of 1.64. The company has a quick ratio of 1.20, a current ratio of 3.35 and a debt-to-equity ratio of 0.34.

Olympic Steel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.89%. This is an increase from Olympic Steel’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, March 1st. Olympic Steel’s payout ratio is presently 15.58%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Olympic Steel from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 2nd.

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.