Jefferies Group set a $20.00 price target on Olympic Steel Inc. (NASDAQ:ZEUS) in a research note released on Thursday morning. The firm currently has a a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. TheStreet upgraded Olympic Steel from a sell rating to a hold rating in a research report on Tuesday, June 28th. Zacks Investment Research downgraded Olympic Steel from a buy rating to a hold rating in a research report on Wednesday, August 24th. Finally, KeyCorp downgraded Olympic Steel from a sector weight rating to an underweight rating and set a $21.00 target price on the stock. in a research report on Friday, August 19th.

Olympic Steel (NASDAQ:ZEUS) opened at 19.52 on Thursday. The company’s market cap is $213.92 million. Olympic Steel has a 52 week low of $7.98 and a 52 week high of $31.19. The stock has a 50 day moving average price of $21.89 and a 200 day moving average price of $22.23.

Olympic Steel (NASDAQ:ZEUS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.07. Olympic Steel had a negative net margin of 0.27% and a negative return on equity of 0.82%. The firm had revenue of $273.60 million for the quarter, compared to the consensus estimate of $305.66 million. During the same period last year, the company posted ($0.08) earnings per share. Olympic Steel’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, equities analysts forecast that Olympic Steel will post $0.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.08 annualized dividend and a dividend yield of 0.41%. Olympic Steel’s payout ratio is presently -32.00%.

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Olympic Steel by 1.4% in the first quarter. Royal Bank of Canada now owns 18,423 shares of the company’s stock valued at $318,000 after buying an additional 258 shares during the last quarter. BlackRock Advisors LLC boosted its stake in Olympic Steel by 12.5% in the second quarter. BlackRock Advisors LLC now owns 4,416 shares of the company’s stock valued at $121,000 after buying an additional 490 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Olympic Steel by 3.7% in the second quarter. PNC Financial Services Group Inc. now owns 14,431 shares of the company’s stock valued at $394,000 after buying an additional 521 shares during the last quarter. BlackRock Group LTD boosted its stake in Olympic Steel by 12.6% in the second quarter. BlackRock Group LTD now owns 5,810 shares of the company’s stock valued at $159,000 after buying an additional 650 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Olympic Steel by 1.0% in the second quarter. Guggenheim Capital LLC now owns 77,229 shares of the company’s stock valued at $2,109,000 after buying an additional 733 shares during the last quarter. 73.50% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:ZEUS

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