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.
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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