Olympic Steel (NASDAQ:ZEUS) Issues Quarterly Earnings Results

Olympic Steel (NASDAQ:ZEUSGet Free Report) announced its quarterly earnings data on Thursday. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05, Zacks reports. Olympic Steel had a return on equity of 3.79% and a net margin of 1.32%.

Olympic Steel Stock Up 2.4 %

Shares of ZEUS traded up $0.86 on Thursday, hitting $36.67. The company’s stock had a trading volume of 120,000 shares, compared to its average volume of 69,416. The company has a quick ratio of 1.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average price is $34.42 and its 200-day moving average price is $37.76. Olympic Steel has a fifty-two week low of $30.29 and a fifty-two week high of $73.49. The firm has a market capitalization of $408.14 million, a price-to-earnings ratio of 16.08 and a beta of 1.52.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com cut Olympic Steel from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. KeyCorp raised Olympic Steel from a “sector weight” rating to an “overweight” rating and set a $42.00 price target for the company in a research note on Wednesday, January 22nd.

Check Out Our Latest Report on ZEUS

Olympic Steel Company Profile

(Get Free Report)

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.

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Earnings History for Olympic Steel (NASDAQ:ZEUS)

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