Insider Selling: Howard Goldstein Sells 5,600 Shares of Olympic Steel Stock (ZEUS)
Olympic Steel (NASDAQ:ZEUS) Director Howard Goldstein unloaded 5,600 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $27.33, for a total value of $153,048.00. The sale 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 down 2.57% during mid-day trading on Thursday, hitting $26.57. 22,763 shares of the company’s stock traded hands. Olympic Steel has a one year low of $16.61 and a one year high of $29.48. The stock’s 50-day moving average is $27.34 and its 200-day moving average is $24.62. The company’s market cap is $291.0 million.
Olympic Steel (NASDAQ:ZEUS) last announced its earnings results on Friday, August 9th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 10.0% on a year-over-year basis. Analysts expect that Olympic Steel will post $1.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 17th. Investors 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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