Olympic Steel, Inc. (NASDAQ:ZEUS) – Equities research analysts at Jefferies Financial Group increased their Q4 2018 earnings per share (EPS) estimates for shares of Olympic Steel in a report issued on Thursday, November 8th. Jefferies Financial Group analyst S. Rosenfeld now anticipates that the basic materials company will earn $0.29 per share for the quarter, up from their previous forecast of $0.21. Jefferies Financial Group also issued estimates for Olympic Steel’s FY2020 earnings at $3.05 EPS.

A number of other research firms also recently commented on ZEUS. ValuEngine downgraded Olympic Steel from a “hold” rating to a “sell” rating in a report on Friday, August 10th. Zacks Investment Research downgraded Olympic Steel from a “hold” rating to a “sell” rating in a report on Saturday, November 3rd. Finally, BidaskClub downgraded Olympic Steel from a “buy” rating to a “hold” rating in a report on Saturday, July 28th.

NASDAQ:ZEUS opened at $19.59 on Monday. Olympic Steel has a 52 week low of $17.40 and a 52 week high of $25.84. The company has a market capitalization of $221.49 million, a P/E ratio of 16.60 and a beta of 1.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.50 and a current ratio of 3.95.

Olympic Steel (NASDAQ:ZEUS) last released its quarterly earnings data on Thursday, November 8th. The basic materials company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.36. Olympic Steel had a return on equity of 13.22% and a net margin of 2.46%. The firm had revenue of $457.00 million for the quarter, compared to the consensus estimate of $452.60 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The firm’s revenue was up 37.9% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, November 30th. This represents a $0.08 annualized dividend and a yield of 0.41%. Olympic Steel’s dividend payout ratio (DPR) is presently 6.78%.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Olympic Steel by 6.2% during the third quarter. BlackRock Inc. now owns 1,483,002 shares of the basic materials company’s stock valued at $30,950,000 after purchasing an additional 86,325 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Olympic Steel by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 926,419 shares of the basic materials company’s stock valued at $19,334,000 after purchasing an additional 4,186 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Olympic Steel by 5.1% during the third quarter. Acadian Asset Management LLC now owns 216,964 shares of the basic materials company’s stock valued at $4,528,000 after purchasing an additional 10,528 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Olympic Steel by 9.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 146,110 shares of the basic materials company’s stock valued at $2,983,000 after purchasing an additional 13,180 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Olympic Steel by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 133,089 shares of the basic materials company’s stock valued at $2,777,000 after purchasing an additional 3,662 shares during the last quarter. Institutional investors own 65.94% of the company’s stock.

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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Earnings History and Estimates for Olympic Steel (NASDAQ:ZEUS)

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