News coverage about Olympic Steel (NASDAQ:ZEUS) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Olympic Steel earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 48.5243687564625 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Brokers Offer Predictions for Olympic Steel, Inc.’s FY2017 Earnings (ZEUS) (americanbankingnews.com)
- Mid-Afternoon Market Update: Crude Oil Down 1.5%; Phoenix New Media Shares Spike Higher (feeds.benzinga.com)
- Richard T. Marabito Buys 2,000 Shares of Olympic Steel, Inc. (ZEUS) Stock (americanbankingnews.com)
- Cliffs Natural Resources (CLF) versus Olympic Steel (NASDAQ:ZEUS) Financial Review (americanbankingnews.com)
A number of brokerages recently weighed in on ZEUS. Zacks Investment Research raised shares of Olympic Steel from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research report on Wednesday. Jefferies Group LLC reissued a “hold” rating on shares of Olympic Steel in a research report on Friday, July 7th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $21.75.
Shares of Olympic Steel (NASDAQ ZEUS) traded up 0.59% during midday trading on Friday, reaching $17.06. 139,596 shares of the company were exchanged. The company has a market capitalization of $187.10 million, a PE ratio of 22.42 and a beta of 1.73. The stock’s 50-day moving average price is $18.06 and its 200-day moving average price is $19.38. Olympic Steel has a 52-week low of $15.83 and a 52-week high of $28.67.
Olympic Steel (NASDAQ:ZEUS) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.06. The company had revenue of $356.20 million during the quarter, compared to analyst estimates of $365 million. Olympic Steel had a net margin of 0.71% and a return on equity of 2.82%. During the same period last year, the business earned $0.32 EPS. Analysts anticipate that Olympic Steel will post $1.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, August 30th. Olympic Steel’s dividend payout ratio is currently 10.67%.
In other Olympic Steel news, CFO Richard T. Marabito purchased 2,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $17.42 per share, with a total value of $34,840.00. Following the acquisition, the chief financial officer now owns 30,614 shares of the company’s stock, valued at approximately $533,295.88. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 18.29% of the company’s stock.
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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.
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