Olympic Steel, Inc. (ZEUS) to Issue Quarterly Dividend of $0.16 on March 17th

Olympic Steel, Inc. (NASDAQ:ZEUS) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.16 per share by the basic materials company on Monday, March 17th. This represents a $0.64 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Monday, March 3rd. This is a positive change from Olympic Steel’s previous quarterly dividend of $0.15.

Olympic Steel has increased its dividend payment by an average of 95.7% per year over the last three years.

Olympic Steel Trading Up 0.4 %

ZEUS stock opened at $33.22 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.26 and a current ratio of 3.52. The company’s 50-day simple moving average is $34.12 and its 200 day simple moving average is $37.49. Olympic Steel has a 52 week low of $30.29 and a 52 week high of $73.27. The company has a market capitalization of $369.94 million, a PE ratio of 16.86 and a beta of 1.52.

Olympic Steel (NASDAQ:ZEUS) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. Olympic Steel had a net margin of 1.18% and a return on equity of 3.31%. The business had revenue of $418.78 million for the quarter, compared to the consensus estimate of $441.60 million. As a group, sell-side analysts anticipate that Olympic Steel will post 2.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ZEUS shares. StockNews.com cut shares of Olympic Steel from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp upped their price objective on shares of Olympic Steel from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th.

Olympic Steel Company Profile

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.