Steelcase Company Profile (NYSE:SCS)

About Steelcase (NYSE:SCS)

Steelcase logoSteelcase Inc. provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Company's segments include Americas, EMEA and Other Category. The Company's furniture portfolio includes panel-based and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools. Its seating products include task chairs, which are ergonomic seating that can be used in collaborative or casual settings and specialty seating for specific vertical markets, such as healthcare and education. Its technology solutions support group collaboration by integrating furniture and technology. Its interior architectural products include full and partial height walls and doors. It also offers services, which include workplace strategy consulting, lease origination services, furniture and asset management and hosted spaces. Its family of brands includes Steelcase, Coalesse, Designtex, PolyVision and Turnstone.

Industry, Sector and Symbol:
  • Sector: Business Services
  • Industry: Business Equipment
  • Sub-Industry: Office Services & Supplies
  • Symbol: NYSE:SCS
  • CUSIP: 85815520
  • Web: www.steelcase.com
Capitalization:
  • Market Cap: $1.98 billion
  • Outstanding Shares: 118,001,000
Average Prices:
  • 50 Day Moving Avg: $16.68
  • 200 Day Moving Avg: $16.43
  • 52 Week Range: $12.67 - $18.14
P/E:
  • Trailing P/E Ratio: 16.31
  • Foreward P/E Ratio: 12.44
  • P/E Growth: 1.52
Sales & Book Value:
  • Annual Revenue: $3.03 billion
  • Price / Sales: 0.65
  • Book Value: $6.53 per share
  • Price / Book: 2.57
Dividend:
  • Annual Dividend: $0.48
  • Dividend Yield: 3.1%
Profitability:
  • EBIDTA: $265.6 million
  • Net Margins: 5.85%
  • Return on Equity: 17.60%
  • Return on Assets: 7.49%
Debt:
  • Debt-to-Equity Ratio: 0.40%
  • Current Ratio: 1.63%
  • Quick Ratio: 1.29%
Misc:
  • Average Volume: 624,586 shs.
  • Beta: 1.16
  • Short Ratio: 5.88
 

Frequently Asked Questions for Steelcase (NYSE:SCS)

What is Steelcase's stock symbol?

Steelcase trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCS."

How often does Steelcase pay dividends? What is the dividend yield for Steelcase?

Steelcase announced a quarterly dividend on Wednesday, March 22nd. Shareholders of record on Friday, March 31st will be paid a dividend of $0.1275 per share on Friday, April 14th. This represents a $0.51 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Wednesday, March 29th. This is a boost from Steelcase's previous quarterly dividend of $0.12. View Steelcase's Dividend History.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) released its earnings results on Tuesday, March, 21st. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.01. The firm earned $769.10 million during the quarter, compared to analysts' expectations of $750.83 million. Steelcase had a net margin of 5.85% and a return on equity of 17.60%. Steelcase's revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. View Steelcase's Earnings History.

When will Steelcase make its next earnings announcement?

Steelcase is scheduled to release their next quarterly earnings announcement on Tuesday, June, 20th 2017. View Earnings Estimates for Steelcase.

What guidance has Steelcase issued on next quarter's earnings?

Steelcase updated its first quarter earnings guidance on Tuesday, March, 21st. The company provided EPS guidance of $0.16-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.23. The company issued revenue guidance of $725-750 million, compared to the consensus revenue estimate of $745.70 million.

Where is Steelcase's stock going? Where will Steelcase's stock price be in 2017?

2 brokerages have issued twelve-month price objectives for Steelcase's shares. Their predictions range from $19.00 to $19.00. On average, they anticipate Steelcase's stock price to reach $19.00 in the next year. View Analyst Ratings for Steelcase.

Who are some of Steelcase's key competitors?

Who owns Steelcase stock?

Steelcase's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.43%), BlackRock Inc. (4.79%), Wellington Management Group LLP (4.22%), Bank of New York Mellon Corp (3.77%), Dimensional Fund Advisors LP (2.81%) and Channing Capital Management LLC (2.59%). Company insiders that own Steelcase stock include Allan W Smith Jr, David C Sylvester and Sara E Armbruster. View Institutional Ownership Trends for Steelcase.

Who sold Steelcase stock? Who is selling Steelcase stock?

Steelcase's stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Wells Fargo & Company MN, Walthausen & Co. LLC, Wedge Capital Management L L P NC, Hodges Capital Management Inc., Morgan Stanley, Cipher Capital LP and Channing Capital Management LLC. Company insiders that have sold Steelcase stock in the last year include Allan W Smith Jr and Sara E Armbruster. View Insider Buying and Selling for Steelcase.

Who bought Steelcase stock? Who is buying Steelcase stock?

Steelcase's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Wellington Management Group LLP, LSV Asset Management, Vanguard Group Inc., Gotham Asset Management LLC, WBI Investments Inc., Dimensional Fund Advisors LP and BNP Paribas Arbitrage SA. View Insider Buying and Selling for Steelcase.

How do I buy Steelcase stock?

Shares of Steelcase can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Steelcase stock cost?

One share of Steelcase stock can currently be purchased for approximately $16.80.

Analyst Ratings

Consensus Ratings for Steelcase (NYSE:SCS) (?)
Ratings Breakdown: 1 Hold Rating, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $19.00 (13.10% upside)

Analysts' Ratings History for Steelcase (NYSE:SCS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/23/2017Raymond James Financial, Inc.UpgradeMarket Perform -> Strong-Buy$19.00HighView Rating Details
11/4/2016Seaport Global SecuritiesInitiated CoverageNeutralN/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for Steelcase (NYSE:SCS)
Earnings by Quarter for Steelcase (NYSE:SCS)
Earnings History by Quarter for Steelcase (NYSE:SCS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
6/20/2017        
3/21/2017Q4 2017$0.23$0.22$750.83 million$769.10 millionViewN/AView Earnings Details
12/20/2016Q317$0.31$0.34$787.25 million$786.50 millionViewN/AView Earnings Details
9/21/2016Q217$0.32$0.32$785.30 million$758.00 millionViewN/AView Earnings Details
3/22/2016Q4$0.21$0.64$737.80 million$747.90 millionViewListenView Earnings Details
12/21/2015Q316$0.33$0.30$813.20 million$787.60 millionViewN/AView Earnings Details
9/23/2015Q216$0.32$0.35$794.50 million$819.00 millionViewListenView Earnings Details
6/24/2015Q216$0.15$0.17$706.50 million$705.50 millionViewN/AView Earnings Details
3/24/2015Q415$0.20$0.21$769.07 million$749.90 millionViewN/AView Earnings Details
12/22/2014Q315$0.26$0.29$826.80 million$800.00 millionViewN/AView Earnings Details
9/23/2014Q215$0.23$0.27$782.00 million$786.70 millionViewN/AView Earnings Details
6/26/2014Q115$0.16$0.12$728.73 million$723.10 millionViewN/AView Earnings Details
3/25/2014Q414$0.17$0.18$773.77 million$779.40 millionViewN/AView Earnings Details
12/18/2013Q3$0.26$0.18$781.27 million$784.80 millionViewListenView Earnings Details
9/18/2013Q2 2014$0.26$0.22$773.33 million$757.60 millionViewN/AView Earnings Details
6/19/2013Q1 2014$0.13$0.10$689.93 million$667.10 millionViewN/AView Earnings Details
3/27/2013Q4 2013$0.19$0.19$709.47 million$721.40 millionViewN/AView Earnings Details
12/19/2012Q3 2013$0.21$0.22$722.10 million$727.20 millionViewN/AView Earnings Details
9/19/2012Q213$0.19$0.25$728.30 million$744.90 millionViewN/AView Earnings Details
6/20/2012$0.13$0.13ViewN/AView Earnings Details
3/22/2012$0.16$0.14ViewN/AView Earnings Details
12/21/2011$0.19$0.19ViewN/AView Earnings Details
9/21/2011$0.17$0.15ViewN/AView Earnings Details
6/22/2011$0.05$0.10ViewN/AView Earnings Details
3/23/2011$0.08$0.11ViewN/AView Earnings Details
12/16/2010$0.14$0.18$644.27 million$672.60 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Steelcase (NYSE:SCS)
2017 EPS Consensus Estimate: $0.55
2018 EPS Consensus Estimate: $1.20
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20171$0.31$0.31$0.31
Q4 20171$0.24$0.24$0.24
Q1 20181$0.18$0.18$0.18
Q2 20181$0.37$0.37$0.37
Q3 20181$0.34$0.34$0.34
Q4 20181$0.31$0.31$0.31
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Steelcase (NYSE:SCS)
Most Recent Dividend:4/14/2017
Annual Dividend:$0.48
Dividend Yield:2.86%
Dividend Growth:16.30% (3 Year Average)
Payout Ratio:33.57% (Trailing 12 Months of Earnings)
40.34% (Based on This Year's Estimates)
35.56% (Based on Next Year's Estimates)
Track Record:6 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Steelcase (NYSE:SCS)

Dividend History by Quarter for Steelcase (NYSE:SCS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/22/2017quarterly$0.133.1%3/29/20173/31/20174/14/2017
12/21/2016quarterly$0.122.71%12/29/20161/3/20171/13/2017
9/21/2016Quarterly$0.123.31%9/30/201610/4/201610/14/2016
6/23/2016quarterly$0.123.32%6/30/20167/5/20167/15/2016
3/23/2016quarterly$0.123.16%3/31/20164/4/20164/14/2016
12/22/2015quarterly$0.113.09%1/5/20161/7/20161/15/2016
9/23/2015quarterly$0.112.47%10/1/201510/5/201510/15/2015
6/24/2015quarterly$0.112.31%7/1/20157/6/20157/15/2015
3/25/2015quarterly$0.112.28%4/1/20154/6/20154/15/2015
12/23/2014quarterly$0.112.32%12/30/20141/2/20151/15/2015
9/25/2014quarterly$0.112.51%10/2/201410/6/201410/16/2014
6/26/2014quarterly$0.112.71%7/2/20147/7/20147/16/2014
3/26/2014quarterly$0.112.58%4/2/20144/4/20144/14/2014
12/18/2013quarterly$0.102.49%12/26/201312/30/20131/13/2014
9/19/2013quarterly$0.102.54%9/26/20139/30/201310/11/2013
6/20/2013quarterly$0.102.84%6/27/20137/1/20137/12/2013
3/29/2013quarterly$0.102.72%4/4/20134/8/20134/15/2013
12/9/2012quarterly$0.093.13%12/13/201212/17/201212/28/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Steelcase (NYSE:SCS)
Insider Ownership Percentage: 18.68%
Institutional Ownership Percentage: 67.60%
Insider Trades by Quarter for Steelcase (NYSE:SCS)
Institutional Ownership by Quarter for Steelcase (NYSE:SCS)
Insider Trades by Quarter for Steelcase (NYSE:SCS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/23/2016Allan W Smith JrVPSell5,632$17.55$98,841.60View SEC Filing  
6/29/2016Sara E ArmbrusterVPSell14,000$13.50$189,000.00View SEC Filing  
6/29/2015David C SylvesterCFOSell32,413$19.52$632,701.76View SEC Filing  
10/9/2014R David HooverDirectorBuy5,000$15.31$76,550.00View SEC Filing  
10/1/2014Sara E ArmbrusterVPSell15,000$15.90$238,500.00View SEC Filing  
7/15/2014James P HackettDirectorSell3,000$15.29$45,870.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Steelcase (NYSE:SCS)
Latest Headlines for Steelcase (NYSE:SCS)
Source:
DateHeadline
finance.yahoo.com logoFord Names New CEO
finance.yahoo.com - May 24 at 8:14 PM
finance.yahoo.com logoThe Zacks Analyst Blog Highlights: Ford Motor, Steelcase and Tesla
finance.yahoo.com - May 23 at 7:07 PM
finance.yahoo.com logoFord's new CEO promises a fit _ but fun _ company
finance.yahoo.com - May 23 at 7:07 PM
News IconThere's a simple reason why Ford's CEO was pushed out — and it has nothing to do with self-driving cars - Business Insider
www.businessinsider.com - May 23 at 11:10 AM
finance.yahoo.com logoFord Reveals a Huge Problem With Its Culture That May Be Eating the Company From the Inside Out
finance.yahoo.com - May 23 at 9:27 AM
finance.yahoo.com logoCEO Who Sold Furniture to Steve Jobs Now Aims Ford at the Future
finance.yahoo.com - May 23 at 9:27 AM
finance.yahoo.com logo[$$] Ford Looks to New CEO Jim Hackett for ‘Tech-Savvy Energy’
finance.yahoo.com - May 23 at 9:27 AM
finance.yahoo.com logoWhy The Auto Industry C-Suite Should Be Nervous About Ford's New Design Thinking CEO
finance.yahoo.com - May 23 at 9:27 AM
marketwatch.com logoHere’s how much Ford stock lost under Mark Fields
www.marketwatch.com - May 22 at 6:48 PM
finance.yahoo.com logo[$$] Ford chooses self-drive chief to spearhead turnround
finance.yahoo.com - May 22 at 6:48 PM
marketbeat.com logoKey events under former Ford CEO Mark Fields
marketbeat.com - May 22 at 5:19 PM
feeds.benzinga.com logoWas Mark Fields Given Enough Time To Lead Ford? Cramer Doesn't Think So
feeds.benzinga.com - May 22 at 12:50 PM
marketwatch.com logoFord confirms Jim Hackett will replace CEO Mark Fields
www.marketwatch.com - May 22 at 9:07 AM
finance.yahoo.com logoFord Fires CEO Mark Fields; Former Steelcase Chief Jim Hackett To Take Over
finance.yahoo.com - May 22 at 9:07 AM
finance.yahoo.com logoA new 3D printer uses vats of gel to create objects in a matter of minutes
finance.yahoo.com - May 22 at 9:07 AM
finance.yahoo.com logo[$$] Ford Replaces CEO Amid Pressure on Profit, Share Price
finance.yahoo.com - May 22 at 9:07 AM
marketwatch.com logoThe Wall Street Journal: Ford to replace CEO Mark Fields with Jim Hackett amid pressure on profit
www.marketwatch.com - May 22 at 6:49 AM
finance.yahoo.com logoSteelcase, Inc. breached its 50 day moving average in a Bearish Manner : SCS-US : May 15, 2017
finance.yahoo.com - May 15 at 6:57 PM
americanbankingnews.com logoSteelcase Inc. (SCS) Expected to Post Quarterly Sales of $744.6 Million
www.americanbankingnews.com - May 11 at 12:42 PM
americanbankingnews.com logoZacks: Analysts Expect Steelcase Inc. (SCS) Will Announce Earnings of $0.19 Per Share
www.americanbankingnews.com - May 9 at 8:10 AM
finance.yahoo.com logoETFs with exposure to Steelcase, Inc. : May 8, 2017
finance.yahoo.com - May 8 at 7:09 PM
americanbankingnews.com logoSteelcase (SCS) Getting Somewhat Positive News Coverage, Report Finds
www.americanbankingnews.com - May 3 at 3:28 PM
americanbankingnews.com logoVery Positive Press Coverage Very Likely to Affect Steelcase (SCS) Stock Price
www.americanbankingnews.com - April 29 at 9:44 AM
finance.yahoo.com logoETFs with exposure to Steelcase, Inc. : April 28, 2017
finance.yahoo.com - April 28 at 8:58 PM
finance.yahoo.com logoSteelcase, Inc. :SCS-US: Earnings Analysis: Q4, 2017 By the Numbers : April 27, 2017
finance.yahoo.com - April 27 at 8:09 PM
americanbankingnews.com logoSteelcase (SCS) Receives Daily Coverage Optimism Score of 0.44
www.americanbankingnews.com - April 26 at 4:26 PM
finance.yahoo.com logoTomorrow’s office furniture will be rapidly 3D-printed in pools of goo
finance.yahoo.com - April 24 at 11:37 AM
americanbankingnews.com logoSteelcase (SCS) Getting Somewhat Positive Media Coverage, Study Shows
www.americanbankingnews.com - April 23 at 7:21 PM
finance.yahoo.com logoSteelcase, Inc. breached its 50 day moving average in a Bullish Manner : SCS-US : April 21, 2017
finance.yahoo.com - April 21 at 7:30 PM
americanbankingnews.com logoSteelcase (SCS) Getting Somewhat Negative News Coverage, Study Finds
www.americanbankingnews.com - April 20 at 3:38 PM
americanbankingnews.com logo Brokerages Expect Steelcase Inc. (SCS) to Announce $0.19 Earnings Per Share
www.americanbankingnews.com - April 18 at 9:42 AM
americanbankingnews.com logoSomewhat Positive Press Coverage Somewhat Unlikely to Affect Steelcase (SCS) Share Price
www.americanbankingnews.com - April 17 at 7:25 PM
americanbankingnews.com logoSomewhat Favorable Press Coverage Very Likely to Impact Steelcase (SCS) Share Price
www.americanbankingnews.com - April 14 at 10:22 PM
finance.yahoo.com logoSteelcase Inc (SCS) Files 10-K for the Fiscal Year Ended on February 28, 2017
finance.yahoo.com - April 14 at 7:11 PM
finance.yahoo.com logoSteelcase Nominates Jenny Niemann for Election to Board of Directors
finance.yahoo.com - April 14 at 12:17 PM
finance.yahoo.com logoSteelcase, Inc. – Value Analysis (NYSE:SCS) : April 12, 2017
finance.yahoo.com - April 12 at 6:15 PM
finance.yahoo.com logoSteelcase, Inc. : SCS-US: Dividend Analysis : March 31st, 2017 (record date) : By the numbers : April 11, 2017
finance.yahoo.com - April 11 at 7:30 PM
finance.yahoo.com logoSteelcase, Inc. breached its 50 day moving average in a Bullish Manner : SCS-US : April 11, 2017
finance.yahoo.com - April 11 at 9:47 AM
bizjournals.com logoResearch Reports on Business Equipment Equities -- Pitney Bowes, VeriFone Systems, Avery Dennison, and Steelcase
www.bizjournals.com - April 3 at 8:39 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Expected to Earn Q3 2018 Earnings of $0.34 Per Share
www.americanbankingnews.com - March 29 at 12:52 PM
americanbankingnews.com logoSteelcase Inc. to Post Q1 2018 Earnings of $0.18 Per Share, Seaport Global Securities Forecasts (SCS)
www.americanbankingnews.com - March 28 at 10:23 AM
nasdaq.com logoSteelcase Inc. (SCS) Ex-Dividend Date Scheduled for March 29, 2017 - Nasdaq
www.nasdaq.com - March 28 at 9:28 AM
seekingalpha.com logo4 Dividend Increases: March 20-24, 2017
seekingalpha.com - March 25 at 7:20 PM
americanbankingnews.com logoSteelcase Inc. (SCS) Upgraded to "Strong-Buy" by Raymond James Financial, Inc.
www.americanbankingnews.com - March 23 at 11:16 AM
americanbankingnews.com logo Steelcase Inc. (SCS) Given $18.00 Consensus Target Price by Analysts
www.americanbankingnews.com - March 23 at 10:32 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Downgraded by Zacks Investment Research
www.americanbankingnews.com - March 23 at 8:26 AM
finance.yahoo.com logoEdited Transcript of SCS earnings conference call or presentation 22-Mar-17 12:30pm GMT
finance.yahoo.com - March 23 at 12:41 AM
seekingalpha.com logoSteelcase's (SCS) CEO James Keane on Q4 2017 Results - Earnings Call Transcript
seekingalpha.com - March 22 at 7:38 PM
americanbankingnews.com logoSteelcase Inc. (SCS) Raises Dividend to $0.13 Per Share
www.americanbankingnews.com - March 22 at 6:25 PM
americanbankingnews.com logoSteelcase Inc. (SCS) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
www.americanbankingnews.com - March 22 at 9:17 AM

Social

Chart

Steelcase (SCS) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff