Analysts upgraded ratings on W&T Offshore, Inc. (NYSE: WTI), Weyerhaeuser (NYSE: WY), Olympic Steel, Inc. (NASDAQ: ZEUS) Boyd Gaming (NYSE: BYD) and Starbucks (NASDAQ: SBUX).
BMO Capital Markets upgraded W&T Offshore, Inc. (WTI) from an “underperform” rating to a “market perform” rating.
DA Davidson upgraded Weyerhaeuser (WY) from an “underperform” rating to a “neutral” rating.
Davenport upgraded Olympic Steel, Inc. (ZEUS) from a “neutral” rating to a “buy” rating.
JPMorgan Chase & Co. (NYSE:JPM) upgraded Boyd Gaming ( BYD) from an “underweight” rating to a “neutral” rating.
BMO Capital Markets upgraded Starbucks (SBUX) from a “market perform” rating to an “outperform” rating.
Showing posts with label Olympic Steel. Show all posts
Showing posts with label Olympic Steel. Show all posts
Tuesday, June 7, 2011
Wednesday, May 25, 2011
Ex-Dividend for Barrick (ABX) (ACI) (AEM) (CMP) (ZEUS) is May 27
The ex-dividend date for Barrick Gold Corporation (NYSE:ABX), Arch Coal Inc. (NYSE:ACI), Agnico-Eagle Mines (NYSE:AEM), Compass Minerals International Inc. (NYSE:CMP) and Olympic Steel (NASDAQ:ZEUS) is May 27.
Barrick Gold Corporation (ABX) pays a dividend of $0.12 with a yield of 1.06 percent.
Arch Coal Inc. (NYSE:ACI) pays a dividend of $0.11 with a yield of 1.50 percent.
Agnico-Eagle Mines (NYSE:AEM) pays a dividend of $0.16 with a yield of 1.02 percent.
Compass Minerals International Inc. (NYSE:CMP) pays a dividend of $0.45 with a yield of 1.93 percent.
Olympic Steel (NASDAQ:ZEUS) pays a dividend of $0.02 with a yield of 0.27 percent.
Barrick Gold Corporation (ABX) pays a dividend of $0.12 with a yield of 1.06 percent.
Arch Coal Inc. (NYSE:ACI) pays a dividend of $0.11 with a yield of 1.50 percent.
Agnico-Eagle Mines (NYSE:AEM) pays a dividend of $0.16 with a yield of 1.02 percent.
Compass Minerals International Inc. (NYSE:CMP) pays a dividend of $0.45 with a yield of 1.93 percent.
Olympic Steel (NASDAQ:ZEUS) pays a dividend of $0.02 with a yield of 0.27 percent.
Friday, November 5, 2010
Metalico (AMEX:MEA), Olympic Steel (Nasdaq:ZEUS), Steel Dynamics (Nasdaq:STLD) Boosted on Fed Inflation, Collapsing US Dollar
Metalico Inc. (AMEX:MEA), Olympic Steel Inc. (Nasdaq:ZEUS), Steel Dynamics Inc. (Nasdaq:STLD) all soared with the broader commodity sector Thursday, as the fact the Federal Reserve was going to inflate again via its quantitative easing strategy pushed up the price of commodities in anticipation of the inevitable inflation to come.
Commodity prices increasing included aluminum, gold, silver and oil. Gold prices soared record levels again, reaching toward the $1,400 an ounce level. Silver moved past the $26 level, and is probably going to continue moving up.
The steel industry could go through seasons of swings as currencies respond to the drop in value of the U.S. dollar, which will affect margins because of the wide swings in currency value and the battle by some against the Chinese renminbi, which they'll be forced to take defensive measures against.
Because of market factors, and the overall economic health of the steel industry in general, it probably won't partake in the surge in commodity prices and demand as other raw materials will surely do.
Metalico Inc. closed at $4.54 Thursday, rising $0.17, or 3.39 percent. Olympic Steel Inc surged to close at $24.03, gaining $1.59, or 7.09 percent. Steel Dynamics Inc. was up to $15.73 at the end of the trading session, gaining $0.49, or 3.22 percent.
Commodity prices increasing included aluminum, gold, silver and oil. Gold prices soared record levels again, reaching toward the $1,400 an ounce level. Silver moved past the $26 level, and is probably going to continue moving up.
The steel industry could go through seasons of swings as currencies respond to the drop in value of the U.S. dollar, which will affect margins because of the wide swings in currency value and the battle by some against the Chinese renminbi, which they'll be forced to take defensive measures against.
Because of market factors, and the overall economic health of the steel industry in general, it probably won't partake in the surge in commodity prices and demand as other raw materials will surely do.
Metalico Inc. closed at $4.54 Thursday, rising $0.17, or 3.39 percent. Olympic Steel Inc surged to close at $24.03, gaining $1.59, or 7.09 percent. Steel Dynamics Inc. was up to $15.73 at the end of the trading session, gaining $0.49, or 3.22 percent.
Thursday, August 5, 2010
Olympic Steel (Nasdaq:ZEUS) Earnings Miss on Higher Costs
Olympic Steel (Nasdaq:ZEUS) earnings disappointed, as income came in at $3.3 million, or 30 cents a share, while analysts, before charges, were expecting 46 cents a share.
Last year's earnings were a loss of $33.8 million, or $3.11 a share.
Revenue for the quarter rose and exceeded expectations, reaching $212.8 million, where analysts expected $200.6 million. That was an increase of 74 percent over last year in the same quarter.
The story for the quarter was the increased expenses and costs which ate into margins and earnings.
Chief Executive Michael Siegal said, "We expect to invest in growth initiatives in the second half of 2010, despite third quarter normal seasonal market softness."
No matter, they'll still have to deal with how to better manage costs to generate a better performance.
Last year's earnings were a loss of $33.8 million, or $3.11 a share.
Revenue for the quarter rose and exceeded expectations, reaching $212.8 million, where analysts expected $200.6 million. That was an increase of 74 percent over last year in the same quarter.
The story for the quarter was the increased expenses and costs which ate into margins and earnings.
Chief Executive Michael Siegal said, "We expect to invest in growth initiatives in the second half of 2010, despite third quarter normal seasonal market softness."
No matter, they'll still have to deal with how to better manage costs to generate a better performance.
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