Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Olympic Steel (NASDAQ:ZEUS) Share Price

News stories about Olympic Steel (NASDAQ:ZEUS) have been trending somewhat positive on Wednesday, Accern reports. The research group identifies negative and positive media 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 negative one to positive one, 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 media coverage about the basic materials company an impact score of 45.7319446495554 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

ZEUS has been the topic of a number of research reports. BidaskClub raised Olympic Steel from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research downgraded Olympic Steel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 15th. Finally, KeyCorp reissued a “hold” rating on shares of Olympic Steel in a research report on Friday, November 24th.

ZEUS stock traded up $0.71 during midday trading on Wednesday, hitting $22.12. The stock had a trading volume of 89,928 shares, compared to its average volume of 142,610. The company has a market cap of $239.99, a P/E ratio of 19.14, a P/E/G ratio of 1.47 and a beta of 1.86. The company has a current ratio of 3.78, a quick ratio of 1.30 and a debt-to-equity ratio of 0.72. Olympic Steel has a 52-week low of $15.83 and a 52-week high of $25.84.

Olympic Steel (NASDAQ:ZEUS) last released its 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 company had revenue of $308.17 million for 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 revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.23) EPS. research analysts expect that Olympic Steel will post 1.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were given 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 was Wednesday, February 28th. Olympic Steel’s dividend payout ratio is currently 4.79%.

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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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