Brokerages Anticipate Olympic Steel, Inc. (ZEUS) to Post $0.14 Earnings Per Share
Equities analysts expect Olympic Steel, Inc. (NASDAQ:ZEUS) to report earnings per share of $0.14 for the current quarter, Zacks reports. Two analysts have provided estimates for Olympic Steel’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.11. Olympic Steel posted earnings per share of ($0.19) during the same quarter last year, which would suggest a positive year over year growth rate of 173.7%. The company is scheduled to issue its next quarterly earnings report on Thursday, March 1st.
On average, analysts expect that Olympic Steel will report full-year earnings of $1.32 per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $1.55 per share, with EPS estimates ranging from $1.52 to $1.58. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Olympic Steel.
Olympic Steel (NASDAQ:ZEUS) last announced its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. The company had revenue of $331.44 million for the quarter, compared to analysts’ expectations of $323.05 million. Olympic Steel had a net margin of 0.99% and a return on equity of 4.32%. Olympic Steel’s revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.16) EPS.
Olympic Steel (ZEUS) traded down $0.10 during trading on Friday, reaching $19.14. 55,300 shares of the company were exchanged, compared to its average volume of 177,216. The company has a quick ratio of 1.54, a current ratio of 4.23 and a debt-to-equity ratio of 0.82. The company has a market cap of $211.09, a price-to-earnings ratio of 19.43, a PEG ratio of 1.97 and a beta of 1.77. Olympic Steel has a twelve month low of $15.83 and a twelve month high of $28.67.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.08 annualized dividend and a yield of 0.42%. Olympic Steel’s payout ratio is currently 7.21%.
In related news, COO Andrew S. Greiff bought 3,500 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was purchased at an average cost of $17.75 per share, with a total value of $62,125.00. Following the transaction, the chief operating officer now owns 9,021 shares in the company, valued at approximately $160,122.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 18.29% of the company’s stock.
Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of Olympic Steel by 12.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,349 shares of the basic materials company’s stock worth $163,000 after purchasing an additional 934 shares during the period. Capstone Asset Management Co. lifted its position in shares of Olympic Steel by 5.4% in the 2nd quarter. Capstone Asset Management Co. now owns 11,526 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 590 shares during the period. PNC Financial Services Group Inc. lifted its position in Olympic Steel by 29.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,637 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 2,879 shares during the period. Citigroup Inc. lifted its position in Olympic Steel by 4.0% during the 2nd quarter. Citigroup Inc. now owns 12,888 shares of the basic materials company’s stock valued at $251,000 after acquiring an additional 490 shares during the period. Finally, Algert Global LLC purchased a new position in Olympic Steel during the 3rd quarter valued at about $261,000. 69.21% of the stock is owned by hedge funds and other 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.
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