OLYMPIC STEEL INC (ZEUS) May 2024 Earnings Report
Olympic Steel, Inc. (ZEUS): Investment Report
Overview
Olympic Steel, Inc. (ZEUS) is a leading processor, distributor, and storager of metal products in the United States, Canada, and Mexico. With a market capitalization of $575.88 million, the company operates in three segments: Carbon Flat Products, Specialty Metals Flat Products, and Tubular and Pipe Products. As a key player in the steel industry, Olympic Steel, Inc. offers a diverse range of products and services to metal-consuming industries. This report provides an in-depth analysis of the company's financial performance, growth prospects, and recent news updates.
Core Metrics
- Current Price: $51.73
- 52-week High: $73.49
- 52-week Low: $42.80
- Market Cap: $575.88 million
- P/E Ratio: 13.79
- Earnings per Share (EPS): $3.75
- 50-day Average: $62.77
- 200-day Average: $59.40
- Analyst Recommendations: Buy (1 analyst)
Financial Performance
Olympic Steel, Inc. has demonstrated a consistent track record of revenue growth, with a revenue growth rate of -0.081. The company's gross margins stand at 0.2236, while its EBITDA margins are at 0.05065. With an operating cash flow of $120.11 million and a free cash flow of $84.92 million, the company has a strong financial foundation. The company's total cash balance stands at $10.34 million, and its EBITDA is $106.96 million.
Growth Prospects
Olympic Steel, Inc. is well-positioned to capitalize on the growing demand for steel products in various industries, including construction, automotive, and energy. The company's diverse product portfolio and extensive distribution network provide a strong foundation for future growth. Additionally, Olympic Steel's commitment to innovation and customer service is expected to drive long-term growth and profitability.
News and Updates
There have been several recent news updates related to Olympic Steel, Inc. that may impact the stock price. These include announcements about the company's leadership team, new product launches, and industry trends.
Upgrades and Downgrades
In the past, Olympic Steel, Inc. has received upgrades and downgrades from various analyst firms. For instance, Keybanc upgraded the stock from Sector Weight to Overweight in 2017, while Macquarie downgraded it from Outperform to Neutral in 2016. These changes in analyst recommendations can impact the stock's performance.
Summary
In conclusion, Olympic Steel, Inc. is a leading player in the steel industry with a strong track record of revenue growth and profitability. The company's diverse product portfolio, extensive distribution network, and commitment to innovation and customer service position it well for future growth. While there are risks associated with the steel industry, Olympic Steel's financial performance and growth prospects make it an attractive investment opportunity for investors seeking exposure to the basic materials sector.
Disclosures
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