Olympic Steel (ZEUS) Expected to Announce Earnings on Thursday

Olympic Steel (NASDAQ:ZEUS) is anticipated to post its Q1 2025 quarterly earnings results after the market closes on Thursday, May 1st. Analysts expect Olympic Steel to post earnings of $0.24 per share and revenue of $466.80 million for the quarter.

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

Olympic Steel Trading Up 0.3 %

Shares of ZEUS opened at $31.66 on Tuesday. Olympic Steel has a 1-year low of $26.32 and a 1-year high of $67.81. The firm has a market capitalization of $353.42 million, a price-to-earnings ratio of 16.07 and a beta of 1.50. The firm’s 50-day moving average price is $31.77 and its 200-day moving average price is $35.12. The company has a current ratio of 3.52, a quick ratio of 1.26 and a debt-to-equity ratio of 0.35.

Olympic Steel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.16 dividend. This is an increase from Olympic Steel’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Monday, March 3rd. Olympic Steel’s dividend payout ratio is presently 32.49%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Olympic Steel from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. KeyCorp increased their price target 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.

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.