Olympic Steel (ZEUS) will publish its results on Thursday

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Olympic Steel (NASDAQ:ZEUS – Get Rating) will release its quarterly results after market close on Thursday, November 3. Analysts expect Olympic Steel to post earnings of $0.93 per share for the quarter. Those interested in participating in the company’s earnings conference call can do so using this link.

Olympic Steel Inc (NASDAQ:ZEUS – Get Rating) last released quarterly earnings data on Thursday, August 4. The basic materials company reported earnings per share (EPS) of $3.26 for the quarter, beating the consensus estimate of $2.80 by $0.46. The company posted revenue of $709.18 million for the quarter, versus a consensus estimate of $655.10 million. Olympic Steel had a return on equity of 34.19% and a net margin of 5.35%. On average, analysts expect Olympic Steel to post EPS of $7 for the current fiscal year and EPS of $2 for the next fiscal year.

Olympic Steel Awards Performance

The NASDAQ ZEUS opened at $26.81 on Thursday. The stock’s 50-day moving average price is $25.59 and its two-hundred-day moving average price is $29.35. The company has a current ratio of 3.50, a quick ratio of 1.41 and a debt ratio of 0.58. The company has a market capitalization of $298.34 million, a PE ratio of 2.14 and a beta of 1.70. Olympic Steel has a 1-year low of $19.92 and a 1-year high of $43.18.

Olympic Steel announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15. Shareholders of record on Thursday, September 1 received a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 31. This represents an annualized dividend of $0.36 and a yield of 1.34%. Olympic Steel’s payout ratio is currently 2.88%.

Changes to analyst ratings

Separately, StockNews.com assumed coverage of Olympic Steel in a Wednesday, October 12 report. They set a “buy” rating on the stock.

Hedge funds weigh on Olympic Steel

Major investors have recently changed their positions in the company. Quantbot Technologies LP increased its stake in Olympic Steel shares by 42.1% in Q1. Quantbot Technologies LP now owns 1,137 shares of the basic materials company valued at $43,000 after buying 337 additional shares during the period. UBS Group AG increased its stake in Olympic Steel shares by 52.4% in the second quarter. UBS Group AG now owns 2,820 shares of the basic materials company valued at $73,000 after purchasing an additional 970 shares during the period. MetLife Investment Management LLC acquired a new position in Olympic Steel stock in Q1 worth approximately $194,000. Atria Wealth Solutions Inc. acquired a new position in Olympic Steel stock in Q1 worth approximately $227,000. Lastly, BNP Paribas Arbitrage SA increased its stake in Olympic Steel shares by 88.7% in the second quarter. BNP Paribas Arbitrage SA now owns 6,765 shares of the basic materials company valued at $174,000 after purchasing an additional 3,180 shares during the period. Institutional investors and hedge funds own 78.53% of the company’s shares.

Olympic Steel Company Profile

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Olympic Steel, Inc. is engaged in the processing, sale and distribution of metal products. It operates through the following segments: Carbon Flat Products, Special Metal Flat Products, and Tubular and Piping Products. The Carbon Flat Products segment includes large volumes of processed carbon and coated flat rolled sheets, coil and plate products, and fabricated parts.

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Earnings History for Olympic Steel (NASDAQ:ZEUS)

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