Olympic Steel (NASDAQ:ZEUS) Announces Quarterly Earnings Results

Olympic Steel (NASDAQ:ZEUS) posted its earnings results on Thursday. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, Zacks reports. Olympic Steel had a net margin of 1.74% and a return on equity of 5.01%. The business had revenue of $526.25 million for the quarter. During the same quarter in the prior year, the company posted $1.24 EPS.

Olympic Steel Trading Down 5.4 %

Olympic Steel stock opened at $44.84 on Friday. The firm has a 50 day moving average of $47.19 and a 200 day moving average of $58.98. The firm has a market capitalization of $499.07 million, a price-to-earnings ratio of 11.96 and a beta of 1.52. Olympic Steel has a 12-month low of $40.39 and a 12-month high of $73.49. The company has a current ratio of 3.28, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35.

Olympic Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 2nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, August 30th. Olympic Steel’s payout ratio is currently 16.00%.

About Olympic Steel

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.