Headlines about Olympic Steel (NASDAQ:ZEUS) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Olympic Steel earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.3747915120754 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Olympic Steel from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 19th. Jefferies Group LLC reissued a “hold” rating on shares of Olympic Steel in a report on Friday, July 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.75.
Olympic Steel (NASDAQ ZEUS) opened at 19.70 on Tuesday. The stock has a 50 day moving average of $17.82 and a 200 day moving average of $18.48. Olympic Steel has a 12-month low of $15.83 and a 12-month high of $28.67. The stock has a market cap of $216.05 million, a P/E ratio of 25.89 and a beta of 1.72.
Olympic Steel (NASDAQ:ZEUS) last released its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Olympic Steel had a net margin of 0.71% and a return on equity of 2.82%. The firm had revenue of $356.20 million for the quarter, compared to analysts’ expectations of $365.00 million. During the same quarter last year, the company earned $0.32 EPS. On average, equities research analysts anticipate that Olympic Steel will post $1.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.02 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.08 dividend on an annualized basis and a yield of 0.41%. Olympic Steel’s dividend payout ratio is currently 10.67%.
In other Olympic Steel news, COO Andrew S. Greiff bought 3,500 shares of the stock in a transaction on Tuesday, September 5th. The shares were bought at an average price of $17.75 per share, with a total value of $62,125.00. Following the purchase, the chief operating officer now directly owns 9,021 shares in the company, valued at approximately $160,122.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard T. Marabito bought 2,000 shares of the stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $17.42 per share, for a total transaction of $34,840.00. Following the purchase, the chief financial officer now owns 30,614 shares in the company, valued at $533,295.88. The disclosure for this purchase can be found here. 18.29% of the stock is currently owned by company insiders.
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Olympic Steel Company Profile
Olympic Steel, Inc is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company’s carbon flat products segment’s focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.
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