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Olympic Steel, Inc. (NASDAQ:ZEUS - Get Rating) - KeyCorp cut their FY2022 earnings per share estimates for shares of Olympic Steel in a report issued on Tuesday, September 20th. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings per share of $7.16 for the year, down from their previous forecast of $7.20. The consensus estimate for Olympic Steel's current full-year earnings is $7.34 per share. KeyCorp also issued estimates for Olympic Steel's Q4 2022 earnings at ($0.06) EPS.
Separately, StockNews.com raised Olympic Steel from a "hold" rating to a "buy" rating in a research report on Tuesday.Olympic Steel Stock Down 0.9 %
Shares of NASDAQ ZEUS opened at $24.73 on Friday. The company has a current ratio of 3.50, a quick ratio of 1.41 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $275.24 million, a PE ratio of 1.98 and a beta of 1.72. The stock's fifty day simple moving average is $27.79 and its two-hundred day simple moving average is $31.05. Olympic Steel has a 12-month low of $19.92 and a 12-month high of $43.18. Institutional Trading of Olympic Steel
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP boosted its position in shares of Olympic Steel by 42.1% in the 1st quarter. Quantbot Technologies LP now owns 1,137 shares of the basic materials company's stock worth $43,000 after purchasing an additional 337 shares in the last quarter. Ellevest Inc. boosted its position in shares of Olympic Steel by 86.9% in the 1st quarter. Ellevest Inc. now owns 1,080 shares of the basic materials company's stock worth $42,000 after purchasing an additional 502 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Olympic Steel by 2.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 19,490 shares of the basic materials company's stock worth $511,000 after purchasing an additional 510 shares in the last quarter. State of Tennessee Treasury Department boosted its position in shares of Olympic Steel by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 3,447 shares of the basic materials company's stock worth $133,000 after purchasing an additional 522 shares in the last quarter. Finally, Zebra Capital Management LLC boosted its position in shares of Olympic Steel by 5.7% in the 1st quarter. Zebra Capital Management LLC now owns 13,046 shares of the basic materials company's stock worth $502,000 after purchasing an additional 698 shares in the last quarter. Institutional investors own 78.53% of the company's stock. Olympic Steel Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.36 annualized dividend and a yield of 1.46%. Olympic Steel's dividend payout ratio (DPR) is presently 2.88%. About Olympic Steel (Get Rating)
Olympic Steel, Inc processes, distributes, and storage metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts.Further ReadingGet a free copy of the StockNews.com research report on Olympic Steel (ZEUS)The Institutions Hold On To Darden Restaurants International What Steelcase's Earnings Say About the Return to the Office? Is The Golden Age Of Homebuilding Already Over? These 3 Big Dividend Payers Also Boast Strong Price Growth Natural Gas Prices Continue To Rally, These Stocks Should Benefit
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