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Olympic Steel (NASDAQ:ZEUS - Get Rating) is scheduled to announce its earnings results after the market closes on Thursday, August 4th. Analysts expect the company to announce earnings of $2.80 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.
Olympic Steel (NASDAQ:ZEUS - Get Rating) last issued its earnings results on Thursday, May 5th. The basic materials company reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.84. The company had revenue of $696.33 million for the quarter, compared to analyst estimates of $548.40 million. Olympic Steel had a net margin of 5.36% and a return on equity of 36.01%. During the same quarter last year, the firm earned $1.97 EPS. On average, analysts expect Olympic Steel to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year. Olympic Steel Stock Up 4.6 %
Shares of NASDAQ ZEUS opened at $28.59 on Thursday. The firm has a market capitalization of $318.15 million, a PE ratio of 2.41 and a beta of 1.70. The company has a current ratio of 3.70, a quick ratio of 1.54 and a debt-to-equity ratio of 0.67. Olympic Steel has a 1 year low of $19.92 and a 1 year high of $43.18. The firm's 50-day moving average is $29.44 and its 200-day moving average is $30.00. Olympic Steel Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, May 31st. Olympic Steel's dividend payout ratio (DPR) is presently 3.04%. Insider Buying and Selling
In related news, insider David A. Wolfort sold 2,700 shares of Olympic Steel stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $31.14, for a total transaction of $84,078.00. Following the transaction, the insider now owns 238,686 shares of the company's stock, valued at approximately $7,432,682.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider David A. Wolfort sold 2,700 shares of Olympic Steel stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $31.14, for a total transaction of $84,078.00. Following the transaction, the insider now owns 238,686 shares of the company's stock, valued at approximately $7,432,682.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Wolfort sold 5,750 shares of the firm's stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $35.58, for a total transaction of $204,585.00. Following the sale, the director now owns 163,314 shares in the company, valued at $5,810,712.12. The disclosure for this sale can be found here. Insiders have sold 63,049 shares of company stock valued at $2,165,001 in the last 90 days. 15.73% of the stock is owned by insiders. Institutional Trading of Olympic Steel
Hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP raised its holdings in Olympic Steel by 42.1% during the 1st quarter. Quantbot Technologies LP now owns 1,137 shares of the basic materials company's stock worth $43,000 after buying an additional 337 shares during the period. MetLife Investment Management LLC acquired a new stake in Olympic Steel during the 1st quarter worth approximately $194,000. Atria Wealth Solutions Inc. acquired a new stake in Olympic Steel during the 1st quarter worth approximately $227,000. Citigroup Inc. raised its holdings in Olympic Steel by 12.2% during the 1st quarter. Citigroup Inc. now owns 7,796 shares of the basic materials company's stock worth $300,000 after buying an additional 847 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Olympic Steel in the first quarter valued at approximately $309,000. 74.62% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes
Separately, StockNews.com raised shares of Olympic Steel from a "hold" rating to a "buy" rating in a research note on Friday, May 20th.About Olympic Steel (Get Rating)
Olympic Steel, Inc processes, distributes, and storage 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.Featured ArticlesGet a free copy of the StockNews.com research report on Olympic Steel (ZEUS)Shopify Stock Rallies Despite Quarterly LossTwo Automation Stocks The Institutions Are Buying Can Owens-Corning Insulate Your Portfolio? Consumer Staple Kraft-Heinz Quietly Builds Momentum Steady, Stable Kimberly-Clark Yields 3.4%
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