Brokerages Expect Olympic Steel, Inc. (ZEUS) Will Announce Earnings of $0.19 Per Share
Equities analysts forecast that Olympic Steel, Inc. (NASDAQ:ZEUS) will report earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Olympic Steel’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.29. Olympic Steel posted earnings per share of ($0.04) during the same quarter last year, which would suggest a positive year-over-year growth rate of 575%. The company is expected to issue its next earnings results on Friday, March 1st.
On average, analysts expect that Olympic Steel will report full year earnings of $3.26 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.36. For the next year, analysts anticipate that the business will report earnings of $2.28 per share, with EPS estimates ranging from $1.75 to $2.80. Zacks’ 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 posted its quarterly earnings data on Thursday, November 8th. The basic materials company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.36. The company had revenue of $457.00 million during the quarter, compared to analyst estimates of $452.60 million. Olympic Steel had a net margin of 2.46% and a return on equity of 13.22%. The company’s revenue was up 37.9% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share.
In related news, VP Richard A. Manson purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, November 28th. The stock was acquired at an average price of $17.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the vice president now directly owns 9,897 shares in the company, valued at approximately $168,249. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 18.29% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Sun Life Financial INC acquired a new stake in shares of Olympic Steel in the second quarter valued at approximately $171,000. First Trust Advisors LP acquired a new stake in shares of Olympic Steel in the third quarter valued at approximately $290,000. Victory Capital Management Inc. acquired a new stake in shares of Olympic Steel in the third quarter valued at approximately $301,000. Globeflex Capital L P increased its holdings in shares of Olympic Steel by 13.5% in the second quarter. Globeflex Capital L P now owns 26,100 shares of the basic materials company’s stock valued at $533,000 after purchasing an additional 3,100 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in Olympic Steel by 44.7% during the 2nd quarter. GSA Capital Partners LLP now owns 27,500 shares of the basic materials company’s stock worth $561,000 after acquiring an additional 8,500 shares during the period. 66.02% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ ZEUS traded down $0.02 during mid-day trading on Thursday, hitting $17.20. 49,249 shares of the stock were exchanged, compared to its average volume of 92,117. The firm has a market cap of $189.57 million, a price-to-earnings ratio of 14.58 and a beta of 1.72. The company has a current ratio of 3.95, a quick ratio of 1.50 and a debt-to-equity ratio of 0.99. Olympic Steel has a twelve month low of $16.31 and a twelve month high of $25.84.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, November 30th. Olympic Steel’s dividend payout ratio is currently 6.78%.
About Olympic Steel
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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