Olympic Steel (NASDAQ:ZEUS) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Olympic Steel (NASDAQ:ZEUS) issued its quarterly earnings data on Thursday. The basic materials company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05, Zacks reports. Olympic Steel had a net margin of 1.32% and a return on equity of 3.79%.

Olympic Steel Stock Performance

Shares of ZEUS opened at $36.67 on Friday. The firm’s 50 day moving average is $34.35 and its 200-day moving average is $37.75. The stock has a market capitalization of $408.14 million, a P/E ratio of 16.08 and a beta of 1.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.52 and a quick ratio of 1.26. Olympic Steel has a 12-month low of $30.29 and a 12-month high of $73.49.

Olympic Steel Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.75%. This is an increase from Olympic Steel’s previous quarterly dividend of $0.15. Olympic Steel’s payout ratio is 26.32%.

Analyst Upgrades and Downgrades

ZEUS has been the topic of a number of recent analyst reports. KeyCorp upgraded shares of Olympic Steel from a “sector weight” rating to an “overweight” rating and set a $42.00 price target on the stock in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of Olympic Steel from a “buy” rating to a “hold” rating in a research report on Friday, October 25th.

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.