Olympic Steel Rating Reiterated by Macquarie (ZEUS)
Olympic Steel (NASDAQ:ZEUS)‘s stock had its “neutral” rating reaffirmed by research analysts at Macquarie in a report released on Friday. They currently have a $24.00 price target on the stock, down from their previous price target of $27.00. Macquarie’s target price points to a potential upside of 4.80% from the stock’s previous close.
Olympic Steel (NASDAQ:ZEUS) opened at 23.01 on Friday. Olympic Steel has a one year low of $20.88 and a one year high of $31.68. The stock has a 50-day moving average of $23.67 and a 200-day moving average of $25.67. The company has a market cap of $252.6 million and a price-to-earnings ratio of 48.83.
Olympic Steel (NASDAQ:ZEUS) last announced its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.09. The company had revenue of $386.00 million for the quarter, compared to the consensus estimate of $364.83 million. During the same quarter last year, the company posted $0.23 earnings per share. Olympic Steel’s revenue was up 16.7% compared to the same quarter last year. Analysts expect that Olympic Steel will post $1.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Tuesday, September 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 0.35%.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.