Olympic Steel Director Sells $67,500 in Stock (ZEUS)
Olympic Steel (NASDAQ:ZEUS) Director Howard Goldstein unloaded 2,500 shares of Olympic Steel stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $27.00, for a total transaction of $67,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on ZEUS shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of Olympic Steel (NASDAQ:ZEUS) in a research note to investors on Monday, August 12th. They now have a $26.00 price target on the stock, up previously from $21.00. Separately, analysts at Macquarie downgraded shares of Olympic Steel (NASDAQ:ZEUS) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 12th. They now have a $25.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Olympic Steel (NASDAQ:ZEUS) in a research note to investors on Monday, July 8th. They set a “neutral” rating and a $23.00 price target on the stock.
Olympic Steel (NASDAQ:ZEUS) traded up 1.66% during mid-day trading on Wednesday, hitting $27.49. The stock had a trading volume of 15,482 shares. Olympic Steel has a 1-year low of $16.42 and a 1-year high of $29.48. The stock has a 50-day moving average of $27.42 and a 200-day moving average of $24.59. The company’s market cap is $301.0 million.
Olympic Steel (NASDAQ:ZEUS) last announced its earnings results on Friday, August 9th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.12. The company had revenue of $330.80 million for the quarter, compared to the consensus estimate of $343.82 million. During the same quarter last year, the company posted $0.41 earnings per share. Olympic Steel’s revenue was down 10.0% compared to the same quarter last year. On average, analysts predict that Olympic Steel will post $1.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, August 29th.
Olympic Steel, Inc is a United States metals service center. The Company’s primary focus is on the direct sale and distribution of volumes of processed carbon, coated, aluminum and stainless flat-rolled sheet, coil and plate products.
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