Headlines about Olympic Steel (NASDAQ:ZEUS) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Olympic Steel earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.1765710329912 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several equities research analysts have recently issued reports on ZEUS shares. Zacks Investment Research downgraded Olympic Steel from a “hold” rating to a “strong sell” rating in a research report on Friday, October 20th. KeyCorp reaffirmed a “hold” rating on shares of Olympic Steel in a report on Sunday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Olympic Steel has an average rating of “Hold” and a consensus target price of $21.75.
Shares of Olympic Steel (ZEUS) traded down $0.50 on Monday, reaching $18.97. 52,973 shares of the company were exchanged, compared to its average volume of 102,996. The company has a current ratio of 3.98, a quick ratio of 1.56 and a debt-to-equity ratio of 0.79. The firm has a market cap of $213.47, a price-to-earnings ratio of 30.91 and a beta of 1.77.
Olympic Steel (NASDAQ:ZEUS) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Olympic Steel had a net margin of 0.71% and a return on equity of 2.82%. The firm had revenue of $356.20 million during the quarter, compared to analyst estimates of $365.00 million. During the same period last year, the firm posted $0.32 earnings per share. equities research analysts predict that Olympic Steel will post 1.07 EPS for the current year.
In other news, CFO Richard T. Marabito purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $17.42 per share, for a total transaction of $34,840.00. Following the completion of the transaction, the chief financial officer now owns 30,614 shares of the company’s stock, valued at $533,295.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew S. Greiff purchased 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were purchased at an average price of $17.75 per share, with a total value of $62,125.00. Following the completion of the transaction, the chief operating officer now directly owns 9,021 shares of the company’s stock, valued at approximately $160,122.75. The disclosure for this purchase can be found here. Insiders own 18.29% of the company’s stock.
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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