NYSE:SCS Steelcase (SCS) Stock Forecast, Price & News $6.54 +0.05 (+0.77%) (As of 06/1/2023 ET) Add Compare Share Share Today's Range$6.40▼$6.6250-Day Range$6.49▼$8.7452-Week Range$6.20▼$12.43Volume1.36 million shsAverage Volume850,736 shsMarket Capitalization$745.82 millionP/E Ratio21.82Dividend Yield6.11%Price Target$11.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Steelcase MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside75.7% Upside$11.50 Price TargetShort InterestBearish5.62% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.87Upright™ Environmental ScoreNews Sentiment1.18Based on 2 Articles This WeekInsider TradingSelling Shares$193,873 Sold Last QuarterProj. Earnings Growth31.75%From $0.63 to $0.83 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.99 out of 5 starsBusiness Services Sector27th out of 684 stocksOffice Furniture, Except Wood Industry1st out of 4 stocks 3.3 Analyst's Opinion Consensus RatingSteelcase has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.50, Steelcase has a forecasted upside of 75.7% from its current price of $6.55.Amount of Analyst CoverageSteelcase has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.62% of the float of Steelcase has been sold short.Short Interest Ratio / Days to CoverSteelcase has a short interest ratio ("days to cover") of 4.7.Change versus previous monthShort interest in Steelcase has recently decreased by 4.13%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipSteelcase is a leading dividend payer. It pays a dividend yield of 5.63%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSteelcase does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Steelcase is 133.33%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Steelcase will have a dividend payout ratio of 48.19% next year. This indicates that Steelcase will be able to sustain or increase its dividend. Previous Next 2.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSteelcase has received a -0.71% net impact score from Upright. The largest negative impact of Steelcase in category "GHG emissions" seems to be driven mostly by its "Glass mirrors", "Acoustics engineering of offices", "Wooden tables", "Stainless steel storage bins", "Wooden storage bins", and "Retail of lighting" products. See details.Environmental SustainabilityThe Environmental Impact score for Steelcase is -1.87. Previous Next 2.9 News and Social Media Coverage News SentimentSteelcase has a news sentiment score of 1.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Steelcase this week, compared to 3 articles on an average week.Search InterestOnly 6 people have searched for SCS on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.MarketBeat Follows3 people have added Steelcase to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Steelcase insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $193,873.00 in company stock.Percentage Held by Insiders12.77% of the stock of Steelcase is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions74.01% of the stock of Steelcase is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Steelcase are expected to grow by 31.75% in the coming year, from $0.63 to $0.83 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Steelcase is 21.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.37.Price to Earnings Ratio vs. SectorThe P/E ratio of Steelcase is 21.82, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 325.12.Price to Earnings Growth RatioSteelcase has a PEG Ratio of 1.09. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSteelcase has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Steelcase (NYSE:SCS) StockSteelcase Inc. engages in the manufacture and distribution of office environments. It operates through the following segmets: Americas, EMEA, and Other. The Americas segment serves customers in the US, Canada, the Caribbean Islands, and Latin America through the Steelcase, AMQ, Coalesse, HALCON, Orangebox, Smith System, and Viccarbe brands. The EMEA segment provides service to customers in Europe, the Middle East, and Africa under the Steelcase, Coalesse, Orangebox and Viccarbe brands. The Other segment includes Asia Pacific and Designtex. The company was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI.Read More Receive SCS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Steelcase and its competitors with MarketBeat's FREE daily newsletter. Email Address SCS Stock News HeadlinesJune 1, 2023 | finance.yahoo.comSteelcase to Webcast First Quarter Fiscal 2024 Conference CallMay 25, 2023 | americanbankingnews.comSteelcase (NYSE:SCS) Sees Strong Trading VolumeJune 1, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 23, 2023 | finance.yahoo.comThe Civic 50 Names Steelcase One of America’s 50 Most Community-Minded Companies and Strategic Volunteering Award WinnerMay 10, 2023 | finance.yahoo.comSteelcase Inc.'s (NYSE:SCS) Stock Financial Prospects Look Bleak: Should Shareholders Be Prepared For A Share Price Correction?April 19, 2023 | seekingalpha.comSteelcase: A Turnaround Story (Rating Upgrade)April 19, 2023 | finance.yahoo.comSteelcase Gets a Quantitative UpgradeApril 19, 2023 | seekingalpha.comSteelcase: Shares Remain Cheap Based Off Forward EPS EstimatesJune 1, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.April 18, 2023 | americanbankingnews.comShort Interest in Steelcase Inc. (NYSE:SCS) Grows By 48.8%April 17, 2023 | finance.yahoo.comSteelcase to Host, Webcast Investor Day May 4April 5, 2023 | americanbankingnews.comInsider Selling: Steelcase Inc. (NYSE:SCS) Director Sells 5,691 Shares of StockApril 2, 2023 | americanbankingnews.comInsider Selling: Steelcase Inc. (NYSE:SCS) Director Sells $145,784.12 in StockMarch 27, 2023 | finance.yahoo.comSteelcase Inc. (NYSE:SCS) Q4 2023 Earnings Call TranscriptMarch 26, 2023 | americanbankingnews.comSteelcase (NYSE:SCS) Lifted to Buy at StockNews.comMarch 25, 2023 | americanbankingnews.comSteelcase (NYSE:SCS) Issues Q1 2024 Earnings GuidanceMarch 24, 2023 | finance.yahoo.comWhy Steelcase Stock Popped TodayMarch 24, 2023 | americanbankingnews.comSteelcase (NYSE:SCS) Releases FY 2024 Earnings GuidanceMarch 24, 2023 | americanbankingnews.comSteelcase (NYSE:SCS) Issues Q1 Earnings GuidanceMarch 24, 2023 | americanbankingnews.comSteelcase (NYSE:SCS) Updates FY24 Earnings GuidanceMarch 24, 2023 | americanbankingnews.comSteelcase (NYSE:SCS) Issues Earnings Results, Beats Expectations By $0.13 EPSMarch 24, 2023 | finance.yahoo.comQ4 2023 Steelcase Inc Earnings CallMarch 24, 2023 | finance.yahoo.comSteelcase Full Year 2023 Earnings: Beats ExpectationsMarch 24, 2023 | americanbankingnews.comSteelcase Inc. (NYSE:SCS) to Issue Quarterly Dividend of $0.10March 23, 2023 | finance.yahoo.comGeneral Mills, Ford, First Republic rise premarket; Coinbase, Chewy fallMarch 23, 2023 | benzinga.comAccenture, Steelcase And 3 Stocks To Watch Heading Into ThursdayMarch 22, 2023 | finance.yahoo.comSteelcase Reports Fourth Quarter and Fiscal 2023 ResultsSee More Headlines SCS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SCS Company Calendar Last Earnings3/22/2023Ex-Dividend for 4/14 Dividend4/04/2023Dividend Payable4/14/2023Today6/01/2023Next Earnings (Estimated)6/28/2023Fiscal Year End2/29/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Office furniture, except wood Sub-IndustryOffice Services & Supplies SectorBusiness Services Current SymbolNYSE:SCS CUSIP85815520 CIK1050825 Webwww.steelcase.com Phone(616) 247-2710Fax616-475-2270Employees12,900Year Founded1912Price Target and Rating Average Stock Price Forecast$11.50 High Stock Price Forecast$12.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+75.7%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.30 Trailing P/E Ratio21.82 Forward P/E Ratio10.39 P/E Growth1.09Net Income$35.30 million Net Margins1.09% Pretax Margin1.60% Return on Equity7.96% Return on Assets2.89% Debt Debt-to-Equity Ratio0.54 Current Ratio1.47 Quick Ratio0.94 Sales & Book Value Annual Sales$3.23 billion Price / Sales0.23 Cash Flow$1.32 per share Price / Cash Flow4.97 Book Value$7.31 per share Price / Book0.90Miscellaneous Outstanding Shares113,950,000Free Float99,401,000Market Cap$745.80 million OptionableOptionable Beta1.37 Social Links Key ExecutivesSara E. ArmbrusterPresident, Chief Executive Officer & DirectorBob KrestakosVice President-Global OperationsDavid C. SylvesterChief Financial Officer & Senior Vice PresidentSteve MillerChief Technology Officer & Vice PresidentAllan W. SmithChief Revenue Officer & Senior Vice PresidentKey CompetitorsHNINYSE:HNIPagaya TechnologiesNASDAQ:PGYMarketWiseNASDAQ:MKTWHeadHunter GroupNASDAQ:HHRInternational Money ExpressNASDAQ:IMXIView All CompetitorsInsiders & InstitutionsToroso Investments LLCBought 5,647 shares on 5/23/2023Ownership: 0.044%Ameriprise Financial Inc.Bought 59,322 shares on 5/22/2023Ownership: 0.088%New York State Common Retirement FundSold 12,900 shares on 5/18/2023Ownership: 1.078%JPMorgan Chase & Co.Bought 158,581 shares on 5/18/2023Ownership: 0.832%Jane Street Group LLCBought 9,182 shares on 5/16/2023Ownership: 0.033%View All Insider TransactionsView All Institutional Transactions SCS Stock - Frequently Asked Questions Should I buy or sell Steelcase stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SCS shares. View SCS analyst ratings or view top-rated stocks. What is Steelcase's stock price forecast for 2023? 2 analysts have issued 12 month target prices for Steelcase's shares. Their SCS share price forecasts range from $11.00 to $12.00. On average, they predict the company's stock price to reach $11.50 in the next twelve months. This suggests a possible upside of 75.7% from the stock's current price. View analysts price targets for SCS or view top-rated stocks among Wall Street analysts. How have SCS shares performed in 2023? Steelcase's stock was trading at $7.07 at the start of the year. Since then, SCS stock has decreased by 7.4% and is now trading at $6.5450. View the best growth stocks for 2023 here. When is Steelcase's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 28th 2023. View our SCS earnings forecast. How were Steelcase's earnings last quarter? Steelcase Inc. (NYSE:SCS) announced its quarterly earnings data on Wednesday, March, 22nd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.13. The business services provider had revenue of $801.70 million for the quarter, compared to analysts' expectations of $751.38 million. Steelcase had a net margin of 1.09% and a trailing twelve-month return on equity of 7.96%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.02) earnings per share. How often does Steelcase pay dividends? What is the dividend yield for Steelcase? Steelcase declared a quarterly dividend on Wednesday, March 22nd. Investors of record on Wednesday, April 5th will be paid a dividend of $0.10 per share on Friday, April 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend is Tuesday, April 4th. Read our dividend analysis for SCS. What ETFs hold Steelcase's stock? ETFs with the largest weight of Steelcase (NYSE:SCS) stock in their portfolio include Cultivar ETF (CVAR), Hypatia Women CEO ETF (WCEO), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), AXS Green Alpha ETF (NXTE), WisdomTree U.S. SmallCap Dividend Fund (DES), Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ), Schwab Fundamental U.S. Small Company Index ETF (FNDA) and Is Steelcase a good dividend stock? Steelcase (NYSE:SCS) pays an annual dividend of $0.40 per share and currently has a dividend yield of 5.84%. SCS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 133.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SCS will have a dividend payout ratio of 48.19% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SCS. What guidance has Steelcase issued on next quarter's earnings? Steelcase updated its first quarter 2024 earnings guidance on Wednesday, March, 22nd. The company provided earnings per share (EPS) guidance of $0.01-$0.05 for the period, compared to the consensus EPS estimate of 0. The company issued revenue guidance of $710.00 million-$735.00 million, compared to the consensus revenue estimate of $693.77 million. What is James P. Keane's approval rating as Steelcase's CEO? 248 employees have rated Steelcase Chief Executive Officer James P. Keane on Glassdoor.com. James P. Keane has an approval rating of 93% among the company's employees. This puts James P. Keane in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Steelcase own? Based on aggregate information from My MarketBeat watchlists, some companies that other Steelcase investors own include Pfizer (PFE), NVIDIA (NVDA), AT&T (T), Exact Sciences (EXAS), Intel (INTC), Micron Technology (MU), CVS Health (CVS), General Electric (GE), Gilead Sciences (GILD) and Steel Dynamics (STLD). What is Steelcase's stock symbol? Steelcase trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCS." Who are Steelcase's major shareholders? Steelcase's stock is owned by many different institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (8.84%), BlackRock Inc. (6.41%), Fifth Third Bancorp (4.61%), Dimensional Fund Advisors LP (3.66%), Douglas Lane & Associates LLC (3.06%) and Cooke & Bieler LP (2.87%). Insiders that own company stock include Eddy F Schmitt, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Peter M Wege II, Robert G Krestakos and Sara E Armbruster. View institutional ownership trends. How do I buy shares of Steelcase? Shares of SCS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Steelcase's stock price today? One share of SCS stock can currently be purchased for approximately $6.55. How much money does Steelcase make? Steelcase (NYSE:SCS) has a market capitalization of $745.80 million and generates $3.23 billion in revenue each year. The business services provider earns $35.30 million in net income (profit) each year or $0.30 on an earnings per share basis. How many employees does Steelcase have? The company employs 12,900 workers across the globe. Does Steelcase have any subsidiaries? The following companies are subsidiares of Steelcase: AF Steelcase S.A., AMQ Solutions LLC, Orangebox Group, PolyVision Corporation, Red Thread, Red Thread Spaces LLC, Smith System Manufacturing Company, Softcare Innovations, Steelcase AG, Steelcase Asia Pacific Limited, Steelcase Canada Limited, Steelcase Czech Republic s.r.o., Steelcase Financial Services Inc., Steelcase Furniture (Dongguan) Company Limited, Steelcase Limited, Steelcase Manufacturing Sdn. Bhd., Steelcase SAS, Steelcase Trading (Shanghai) Co., Ultra Group Company, and Viccarbe Habitat S.L..Read More How can I contact Steelcase? Steelcase's mailing address is 901 44TH STREET SE, GRAND RAPIDS MI, 49508. The official website for the company is www.steelcase.com. The business services provider can be reached via phone at (616) 247-2710, via email at investor@steelcase.com, or via fax at 616-475-2270. 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