Brokerages expect Olympic Steel, Inc. (NASDAQ:ZEUS) to announce $0.06 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Olympic Steel’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.04. Olympic Steel posted earnings per share of $1.19 in the same quarter last year, which would suggest a negative year-over-year growth rate of 95%. The company is expected to announce its next earnings results on Thursday, November 14th.
According to Zacks, analysts expect that Olympic Steel will report full-year earnings of $0.52 per share for the current year, with EPS estimates ranging from $0.47 to $0.57. For the next year, analysts expect that the company will post earnings of $1.07 per share, with EPS estimates ranging from $0.92 to $1.22. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Olympic Steel.
Olympic Steel (NASDAQ:ZEUS) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Olympic Steel had a net margin of 0.82% and a return on equity of 6.23%. The business had revenue of $429.15 million for the quarter, compared to analyst estimates of $412.40 million. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Olympic Steel’s quarterly revenue was down 5.2% on a year-over-year basis.
NASDAQ:ZEUS traded up $0.05 during mid-day trading on Thursday, hitting $10.60. 2,612 shares of the company’s stock were exchanged, compared to its average volume of 62,085. Olympic Steel has a one year low of $10.49 and a one year high of $22.86. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.95 and a current ratio of 4.75. The company has a fifty day moving average price of $12.40. The stock has a market cap of $121.85 million, a P/E ratio of 3.03 and a beta of 2.12.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $0.02 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.08 annualized dividend and a yield of 0.75%. Olympic Steel’s dividend payout ratio (DPR) is presently 2.28%.
A number of institutional investors have recently modified their holdings of ZEUS. BlackRock Inc. boosted its stake in shares of Olympic Steel by 6.1% during the 4th quarter. BlackRock Inc. now owns 1,572,866 shares of the basic materials company’s stock worth $22,445,000 after acquiring an additional 89,864 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Olympic Steel by 11.4% during the 4th quarter. Bank of New York Mellon Corp now owns 148,223 shares of the basic materials company’s stock valued at $2,115,000 after purchasing an additional 15,134 shares in the last quarter. Northern Trust Corp increased its holdings in Olympic Steel by 4.0% in the 4th quarter. Northern Trust Corp now owns 115,858 shares of the basic materials company’s stock worth $1,653,000 after acquiring an additional 4,410 shares in the last quarter. Geode Capital Management LLC increased its holdings in Olympic Steel by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 98,973 shares of the basic materials company’s stock worth $1,412,000 after acquiring an additional 2,814 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Olympic Steel by 124.5% in the 4th quarter. Bank of America Corp DE now owns 17,929 shares of the basic materials company’s stock worth $256,000 after acquiring an additional 9,944 shares in the last quarter. 65.89% of the stock is owned by institutional investors and hedge funds.
Olympic Steel Company Profile
Olympic Steel, Inc processes and distributes metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Olympic Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Olympic Steel and related companies with MarketBeat.com's FREE daily email newsletter.