Olympic Steel (ZEUS) Set to Announce Earnings on Thursday

Olympic Steel (NASDAQ:ZEUS) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Olympic Steel (NASDAQ:ZEUS) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.12. Olympic Steel had a net margin of 2.06% and a return on equity of 7.30%. The company had revenue of $489.41 million for the quarter, compared to analyst estimates of $490.10 million. On average, analysts expect Olympic Steel to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Olympic Steel Stock Performance

ZEUS stock opened at $66.85 on Tuesday. Olympic Steel has a 1-year low of $40.85 and a 1-year high of $73.49. The company has a current ratio of 3.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $68.05 and a 200-day moving average price of $62.69. The firm has a market cap of $744.04 million, a PE ratio of 17.36 and a beta of 1.64.

Olympic Steel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, March 1st. This is an increase from Olympic Steel’s previous quarterly dividend of $0.13. Olympic Steel’s payout ratio is presently 15.58%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Olympic Steel from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 2nd.

About Olympic Steel

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.