Brokerages Expect Olympic Steel, Inc. (NASDAQ:ZEUS) Will Announce Earnings of -$0.21 Per Share
Wall Street brokerages predict that Olympic Steel, Inc. (NASDAQ:ZEUS) will post earnings per share (EPS) of ($0.21) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Olympic Steel’s earnings, with the lowest EPS estimate coming in at ($0.21) and the highest estimate coming in at ($0.20). Olympic Steel reported earnings per share of $0.14 in the same quarter last year, which suggests a negative year over year growth rate of 250%. The company is expected to issue its next quarterly earnings results on Friday, February 21st.
On average, analysts expect that Olympic Steel will report full year earnings of $0.21 per share for the current year, with EPS estimates ranging from $0.20 to $0.22. For the next financial year, analysts anticipate that the firm will post earnings of $0.96 per share, with EPS estimates ranging from $0.77 to $1.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Olympic Steel.
Several brokerages have recently commented on ZEUS. ValuEngine lowered Olympic Steel from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th. Zacks Investment Research upgraded Olympic Steel from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th.
Shares of Olympic Steel stock opened at $16.60 on Friday. The firm has a market cap of $184.36 million, a P/E ratio of 4.73 and a beta of 2.25. The company has a current ratio of 3.96, a quick ratio of 1.55 and a debt-to-equity ratio of 0.79. Olympic Steel has a 12 month low of $9.99 and a 12 month high of $20.24. The stock’s fifty day moving average price is $15.33 and its 200-day moving average price is $13.43.
The company also recently declared a dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, November 29th. Olympic Steel’s dividend payout ratio is currently 2.28%.
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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