Olympic Steel, Inc. (ZEUS) Expected to Announce Earnings of $0.41 Per Share

Equities research analysts expect Olympic Steel, Inc. (NASDAQ:ZEUS) to announce $0.41 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Olympic Steel’s earnings, with estimates ranging from $0.16 to $0.71. Olympic Steel reported earnings of $1.49 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 72.5%. The company is expected to report its next quarterly earnings report on Thursday, August 1st.

On average, analysts expect that Olympic Steel will report full year earnings of $0.82 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $0.90. For the next year, analysts forecast that the company will post earnings of $1.84 per share, with EPS estimates ranging from $1.07 to $3.11. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Olympic Steel.

Olympic Steel (NASDAQ:ZEUS) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). The company had revenue of $445.90 million during the quarter, compared to analysts’ expectations of $437.30 million. Olympic Steel had a return on equity of 11.24% and a net margin of 1.58%. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share.

A number of analysts recently commented on ZEUS shares. ValuEngine raised Olympic Steel from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 21st. Singular Research reaffirmed a “buy” rating on shares of Olympic Steel in a research report on Wednesday, March 13th. Finally, Zacks Investment Research downgraded Olympic Steel from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 11th.

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of Olympic Steel by 356.9% during the first quarter. BNP Paribas Arbitrage SA now owns 1,951 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 1,524 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Olympic Steel during the fourth quarter valued at approximately $50,000. Bank of Montreal Can increased its position in shares of Olympic Steel by 11.1% during the fourth quarter. Bank of Montreal Can now owns 10,432 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 1,039 shares during the last quarter. 6 Meridian purchased a new stake in shares of Olympic Steel during the first quarter valued at approximately $186,000. Finally, Arizona State Retirement System increased its position in shares of Olympic Steel by 6.2% during the fourth quarter. Arizona State Retirement System now owns 14,070 shares of the basic materials company’s stock valued at $201,000 after acquiring an additional 816 shares during the last quarter. 66.05% of the stock is owned by institutional investors.

Shares of ZEUS traded down $0.05 on Friday, reaching $12.81. 3,980 shares of the company’s stock traded hands, compared to its average volume of 78,018. The company has a current ratio of 4.34, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $144.82 million, a price-to-earnings ratio of 3.65 and a beta of 2.19. Olympic Steel has a 52-week low of $12.09 and a 52-week high of $24.23.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Friday, May 31st. Olympic Steel’s payout ratio is 2.28%.

Olympic Steel Company Profile

Olympic Steel, Inc processes and distributes 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.

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Earnings History and Estimates for Olympic Steel (NASDAQ:ZEUS)

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