News articles about Olympic Steel (NASDAQ:ZEUS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Olympic Steel earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 22 out of 100, indicating that recent media coverage is very unlikely to have an effect on the stock’s share price in the next few days.
Olympic Steel (ZEUS) traded down 4.14% on Friday, reaching $17.13. The company’s stock had a trading volume of 159,046 shares. Olympic Steel has a 52-week low of $15.83 and a 52-week high of $28.67. The stock’s 50 day moving average price is $18.29 and its 200 day moving average price is $19.59. The firm has a market cap of $187.86 million, a PE ratio of 22.51 and a beta of 1.73.
Olympic Steel (NASDAQ:ZEUS) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $356.20 million for the quarter, compared to analysts’ expectations of $365 million. Olympic Steel had a return on equity of 2.82% and a net margin of 0.71%. During the same quarter in the prior year, the firm posted $0.32 EPS. Equities research analysts expect that Olympic Steel will post $1.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.08 dividend on an annualized basis and a yield of 0.47%. Olympic Steel’s dividend payout ratio is currently 10.67%.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded Olympic Steel from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Jefferies Group LLC restated a “hold” rating on shares of Olympic Steel in a research report on Friday, July 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.00.
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Olympic Steel Company Profile
Olympic Steel, Inc is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company’s carbon flat products segment’s focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.
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