Olympic Steel Price Target Lowered to $26.50 at Jefferies Group (ZEUS)
Analysts at Jefferies Group decreased their price target on shares of Olympic Steel (NASDAQ:ZEUS) from $29.00 to $26.50 in a research report issued to clients and investors on Friday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 0.80% from the stock’s previous close.
Separately, analysts at Macquarie downgraded shares of Olympic Steel 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.
Shares of Olympic Steel (NASDAQ:ZEUS) traded down 3.95% on Friday, hitting $26.29. The stock had a trading volume of 115,697 shares. Olympic Steel has a 52 week low of $16.61 and a 52 week high of $29.48. The stock’s 50-day moving average is $28.59 and its 200-day moving average is $26.13. The company’s market cap is $287.9 million.
Olympic Steel (NASDAQ:ZEUS) last released its earnings data on Thursday, October 31st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.26. The company had revenue of $304.00 million for the quarter, compared to the consensus estimate of $332.60 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. On average, analysts predict that Olympic Steel will post $1.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 16th. Investors of record on Monday, December 2nd 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 Wednesday, November 27th.
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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