Analysts expect that Olympic Steel, Inc. (NASDAQ:ZEUS) will announce earnings of $0.08 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Olympic Steel’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.07. Olympic Steel posted earnings per share of $1.19 during the same quarter last year, which would indicate a negative year over year growth rate of 93.3%. The firm is scheduled to report its next earnings results before the market opens on Friday, November 8th.
According to Zacks, analysts expect that Olympic Steel will report full-year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.42 to $0.48. For the next fiscal year, analysts expect that the business will post earnings of $1.04 per share, with EPS estimates ranging from $0.88 to $1.20. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Olympic Steel.
Olympic Steel (NASDAQ:ZEUS) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Olympic Steel had a net margin of 0.82% and a return on equity of 6.23%. The company had revenue of $429.15 million during the quarter, compared to the consensus estimate of $412.40 million. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The firm’s revenue was down 5.2% compared to the same quarter last year.
Several equities research analysts have recently issued reports on ZEUS shares. Zacks Investment Research raised shares of Olympic Steel from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. ValuEngine downgraded shares of Olympic Steel from a “buy” rating to a “hold” rating in a research report on Saturday.
Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Olympic Steel by 23.5% during the second quarter. JPMorgan Chase & Co. now owns 4,825 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 917 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Olympic Steel by 125.7% during the third quarter. State of Alaska Department of Revenue now owns 7,022 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 3,911 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Olympic Steel by 4,179.5% during the third quarter. Meeder Asset Management Inc. now owns 7,104 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 6,938 shares during the last quarter. Signaturefd LLC acquired a new position in Olympic Steel during the third quarter worth $113,000. Finally, Van ECK Associates Corp boosted its holdings in Olympic Steel by 19.4% during the second quarter. Van ECK Associates Corp now owns 8,547 shares of the basic materials company’s stock worth $117,000 after purchasing an additional 1,387 shares during the last quarter. 67.12% of the stock is owned by institutional investors.
Shares of ZEUS stock opened at $14.60 on Wednesday. The firm has a fifty day moving average of $13.88 and a 200-day moving average of $13.70. The company has a quick ratio of 1.95, a current ratio of 4.75 and a debt-to-equity ratio of 0.93. Olympic Steel has a 12-month low of $9.99 and a 12-month high of $21.41. The company has a market capitalization of $178.74 million, a price-to-earnings ratio of 4.16 and a beta of 2.16.
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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