Olympic Steel (NASDAQ:ZEUS) Releases Earnings Results, Beats Expectations By $0.05 EPS

Olympic Steel (NASDAQ:ZEUS) announced its quarterly earnings data on Thursday. The basic materials company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05, Zacks reports. Olympic Steel had a net margin of 1.32% and a return on equity of 3.79%.

Olympic Steel Stock Performance

NASDAQ ZEUS traded up $0.86 on Thursday, hitting $36.67. The stock had a trading volume of 120,510 shares, compared to its average volume of 69,430. Olympic Steel has a one year low of $30.29 and a one year high of $73.49. The company has a quick ratio of 1.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.35. The stock has a market cap of $408.14 million, a price-to-earnings ratio of 16.08 and a beta of 1.52. The company’s 50-day moving average is $34.42 and its two-hundred day moving average is $37.76.

Olympic Steel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.16 dividend. This is a boost from Olympic Steel’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 1.75%. Olympic Steel’s dividend payout ratio is 26.32%.

Wall Street Analysts Forecast Growth

ZEUS has been the subject of a number of recent research reports. StockNews.com downgraded shares of Olympic Steel from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. KeyCorp raised shares of Olympic Steel from a “sector weight” rating to an “overweight” rating and set a $42.00 price objective for the company in a research report on Wednesday, January 22nd.

Olympic Steel Company Profile

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.