Olympic Steel (ZEUS) Earns Media Sentiment Score of 0.25

Headlines about Olympic Steel (NASDAQ:ZEUS) have trended positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Olympic Steel earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 47.2645523049972 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

Olympic Steel (ZEUS) traded up $0.19 during trading hours on Friday, reaching $19.33. The company had a trading volume of 108,453 shares, compared to its average volume of 111,296. Olympic Steel has a twelve month low of $15.83 and a twelve month high of $28.67. The firm has a market cap of $212.09, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.97 and a beta of 1.77. The company has a quick ratio of 1.54, a current ratio of 4.23 and a debt-to-equity ratio of 0.82.

Olympic Steel (NASDAQ:ZEUS) last released its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. The business had revenue of $331.44 million during the quarter, compared to analyst estimates of $323.05 million. Olympic Steel had a return on equity of 4.32% and a net margin of 0.99%. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.16) EPS. sell-side analysts forecast that Olympic Steel will post 1.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, November 30th. Olympic Steel’s payout ratio is currently 7.21%.

A number of research firms recently issued reports on ZEUS. Zacks Investment Research lowered Olympic Steel from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 19th. KeyCorp restated a “hold” rating on shares of Olympic Steel in a research report on Tuesday, September 19th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $23.00.

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In other Olympic Steel news, COO Andrew S. Greiff bought 3,500 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were purchased 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 of the company’s stock, valued at $160,122.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 18.29% of the stock is owned by insiders.

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.

Insider Buying and Selling by Quarter for Olympic Steel (NASDAQ:ZEUS)

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