Olympic Steel, Inc. (NASDAQ:ZEUS) Expected to Announce Earnings of -$0.21 Per Share

Wall Street brokerages forecast that Olympic Steel, Inc. (NASDAQ:ZEUS) will report ($0.21) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Olympic Steel’s earnings. The lowest EPS estimate is ($0.21) and the highest is ($0.20). Olympic Steel reported earnings of $0.14 per share in the same quarter last year, which indicates a negative year over year growth rate of 250%. The firm is expected to report its next earnings results on Friday, February 21st.

According to Zacks, analysts expect that Olympic Steel will report full-year earnings of $0.21 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.22. For the next financial year, analysts expect that the company will post earnings of $0.96 per share, with EPS estimates ranging from $0.77 to $1.15. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Olympic Steel.

A number of research analysts recently weighed in on ZEUS shares. Zacks Investment Research upgraded Olympic Steel from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. ValuEngine cut Olympic Steel from a “buy” rating to a “hold” rating in a report on Saturday, October 19th.

Olympic Steel stock traded up $0.35 during midday trading on Friday, reaching $17.51. The stock had a trading volume of 94,350 shares, compared to its average volume of 78,551. Olympic Steel has a twelve month low of $9.99 and a twelve month high of $20.24. The stock has a market capitalization of $192.54 million, a PE ratio of 4.99 and a beta of 2.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.55 and a current ratio of 3.96. The stock’s 50-day simple moving average is $15.42 and its 200 day simple moving average is $13.48.

The business also recently disclosed a dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, November 29th. Olympic Steel’s dividend payout ratio is presently 2.28%.

Several institutional investors and hedge funds have recently modified their holdings of ZEUS. Crossmark Global Holdings Inc. lifted its stake in shares of Olympic Steel by 4.5% during the second quarter. Crossmark Global Holdings Inc. now owns 21,590 shares of the basic materials company’s stock worth $295,000 after purchasing an additional 934 shares in the last quarter. Strs Ohio lifted its stake in shares of Olympic Steel by 7.6% during the second quarter. Strs Ohio now owns 35,300 shares of the basic materials company’s stock worth $481,000 after purchasing an additional 2,500 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Olympic Steel by 39.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 87,010 shares of the basic materials company’s stock worth $1,187,000 after purchasing an additional 24,770 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Olympic Steel by 19.4% during the second quarter. Van ECK Associates Corp now owns 8,547 shares of the basic materials company’s stock worth $117,000 after purchasing an additional 1,387 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Olympic Steel by 23.5% during the second quarter. JPMorgan Chase & Co. now owns 4,825 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 917 shares in the last quarter. Institutional investors own 65.34% of the company’s stock.

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.

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Earnings History and Estimates for Olympic Steel (NASDAQ:ZEUS)

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