News coverage about Olympic Steel (NASDAQ:ZEUS) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing 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 nearest to one being the most favorable. Olympic Steel earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 45.7319446495554 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Olympic Steel (NASDAQ:ZEUS) traded down $0.68 during mid-day trading on Wednesday, hitting $22.20. The stock had a trading volume of 129,767 shares, compared to its average volume of 141,430. Olympic Steel has a 1 year low of $15.83 and a 1 year high of $25.84. The company has a market cap of $255.60, a price-to-earnings ratio of 13.78, a PEG ratio of 1.56 and a beta of 1.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.30 and a current ratio of 3.78.
Olympic Steel (NASDAQ:ZEUS) last issued its earnings results on Friday, March 2nd. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.15). The firm had revenue of $308.17 million during the quarter, compared to the consensus estimate of $313.00 million. Olympic Steel had a net margin of 1.42% and a return on equity of 4.89%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.23) earnings per share. equities analysts forecast that Olympic Steel will post 1.99 earnings per share for the current year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Olympic Steel from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, November 14th. BidaskClub raised Olympic Steel from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Finally, KeyCorp reissued a “hold” rating on shares of Olympic Steel in a report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $20.50.
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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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