Olympic Steel Inc. (ZEUS) Plans Quarterly Dividend of $0.02
Olympic Steel (NASDAQ:ZEUS) declared a quarterly dividend on Thursday, May 1st, AR Network reports. Stockholders of record on Monday, June 2nd will be given a dividend of 0.02 per share on Monday, June 16th. This represents a $0.08 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Thursday, May 29th.
On a related note, analysts at Zacks downgraded shares of Olympic Steel from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 4th. They now have a $25.50 price target on the stock.
Shares of Olympic Steel (NASDAQ:ZEUS) traded down 4.48% on Thursday, hitting $25.18. The stock had a trading volume of 40,694 shares. Olympic Steel has a 52-week low of $19.74 and a 52-week high of $31.68. The stock has a 50-day moving average of $27.80 and a 200-day moving average of $27.98. The company has a market cap of $276.1 million and a price-to-earnings ratio of 38.20.
Olympic Steel (NASDAQ:ZEUS) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.08. The company had revenue of $346.90 million for the quarter, compared to the consensus estimate of $342.60 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts predict that Olympic Steel will post $1.26 earnings per share for the current fiscal year.
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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