Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Olympic Steel (ZEUS) Stock Price

Headlines about Olympic Steel (NASDAQ:ZEUS) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Olympic Steel earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 47.966406099296 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of Olympic Steel stock traded down $0.32 during trading on Monday, hitting $22.04. 14,557 shares of the stock traded hands, compared to its average volume of 141,368. The stock has a market cap of $245.93, a PE ratio of 13.20, a PEG ratio of 1.50 and a beta of 1.86. Olympic Steel has a 1-year low of $15.83 and a 1-year high of $25.84. The company has a quick ratio of 1.30, a current ratio of 3.78 and a debt-to-equity ratio of 0.72.

Olympic Steel (NASDAQ:ZEUS) last issued its quarterly earnings results on Friday, March 2nd. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.15). The business had revenue of $308.17 million for the quarter, compared to analysts’ expectations of $313.00 million. Olympic Steel had a return on equity of 4.89% and a net margin of 1.42%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.23) EPS. equities research analysts expect that Olympic Steel will post 1.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, February 28th. Olympic Steel’s dividend payout ratio is presently 4.79%.

Several research analysts have recently weighed in on the stock. BidaskClub cut shares of Olympic Steel from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Zacks Investment Research cut shares of Olympic Steel from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, KeyCorp reiterated a “hold” rating on shares of Olympic Steel in a research note on Friday, November 24th.

WARNING: This story was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at

Olympic Steel Company Profile

Olympic Steel, Inc is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company’s carbon flat products segment’s focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.

Insider Buying and Selling by Quarter for Olympic Steel (NASDAQ:ZEUS)

Receive News & Ratings for Olympic Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Olympic Steel and related companies with's FREE daily email newsletter.

Leave a Reply