Olympic Steel (NASDAQ:ZEUS) Announces Quarterly Earnings Results

Olympic Steel (NASDAQ:ZEUS) posted its earnings results on Thursday. The basic materials company reported $0.60 earnings per share for the quarter, Zacks reports. Olympic Steel had a return on equity of 5.01% and a net margin of 1.74%. The company had revenue of $526.25 million for the quarter. During the same quarter last year, the business earned $1.24 earnings per share.

Olympic Steel Price Performance

NASDAQ ZEUS opened at $44.84 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.28 and a quick ratio of 1.21. The stock’s 50-day moving average is $47.19 and its two-hundred day moving average is $58.98. The firm has a market cap of $499.07 million, a P/E ratio of 11.96 and a beta of 1.52. Olympic Steel has a fifty-two week low of $40.39 and a fifty-two week high of $73.49.

Olympic Steel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.60 annualized dividend and a yield of 1.34%. Olympic Steel’s dividend payout ratio (DPR) is currently 16.00%.

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.