×
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:SCS

Steelcase Stock Forecast, Price & News

$11.17
+0.55 (+5.18%)
(As of 06/24/2022 06:40 PM ET)
Add
Compare
Today's Range
$10.70
$11.26
50-Day Range
$10.21
$12.43
52-Week Range
$10.19
$15.84
Volume
1.04 million shs
Average Volume
785,638 shs
Market Capitalization
$1.26 billion
P/E Ratio
65.71
Dividend Yield
5.19%
Price Target
N/A
30 days | 90 days | 365 days | Advanced Chart

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.

SCS Stock Forecast (MarketRank)

Overall MarketRank

1.88 out of 5 stars

Business Services Sector

229th out of 468 stocks

Office Furniture, Except Wood Industry

2nd out of 2 stocks

Analyst Opinion: 0.0Community Rank: 4.4Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 0.0 5 -4 -3 -2 -1 -
Steelcase logo

About Steelcase (NYSE:SCS)

Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, and mobile power and screens. Its seating products comprise task chairs; seating for collaborative environments and casual settings; and specialty seating for specific vertical markets, including education and healthcare. The company's interior architectural products comprise full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and workplace strategy consulting, lease origination, and furniture and asset management services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Designtex, Coalesse, AMQ, Smith System, Orangebox, and Viccarbe brands. It distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. The company was founded in 1912 and is headquartered in Grand Rapids, Michigan.

SCS Stock News Headlines

It’s A Comfortable Time To Buy Steelcase  (SCS)
Steelcase (NYSE: SCS), a maker of office and industrial purpose furniture, has been struggling over the past few years but those times are changing. Postponed demand and a return to in-person operations at many businesses have reinvigorated the company and have it set up to outperform in 2022.
It’s A Comfortable Time To Buy Steelcase 
Steelcase (NYSE: SCS), a maker of office and industrial purpose furniture, has been struggling over the past few years but those times are changing. Postponed demand and a return to in-person operations at many businesses have reinvigorated the company and have it set up to outperform in 2022.
Steelcase (NYSE:SCS) Hits New 52-Week Low at $10.49
See More Headlines

Industry, Sector and Symbol

Industry
Office furniture, except wood
Sub-Industry
Office Services & Supplies
CUSIP
85815520
Employees
11,800
Year Founded
1912

Company Calendar

Last Earnings
12/16/2021
Ex-Dividend for 4/14 Dividend
4/01/2022
Dividend Payable
4/14/2022
Today
6/27/2022
Ex-Dividend for 7/18 Dividend
7/06/2022
Dividend Payable
7/18/2022
Next Earnings (Estimated)
9/28/2022
Fiscal Year End
2/28/2023

Profitability

Net Income
$4 million
Pretax Margin
0.06%

Debt

Sales & Book Value

Annual Sales
$2.77 billion
Cash Flow
$0.78 per share
Book Value
$7.60 per share

Miscellaneous

Free Float
98,338,000
Market Cap
$1.26 billion
Optionable
Optionable
Beta
1.18

Social Links















Steelcase Frequently Asked Questions

How has Steelcase's stock performed in 2022?

Steelcase's stock was trading at $11.72 at the start of the year. Since then, SCS shares have decreased by 4.7% and is now trading at $11.17.
View the best growth stocks for 2022 here
.

Are investors shorting Steelcase?

Steelcase saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,870,000 shares, an increase of 33.4% from the April 30th total of 2,900,000 shares. Based on an average trading volume of 781,900 shares, the short-interest ratio is currently 4.9 days. Currently, 4.8% of the company's stock are short sold.
View Steelcase's Short Interest
.

When is Steelcase's next earnings date?

Steelcase is scheduled to release its next quarterly earnings announcement on Wednesday, September 28th 2022.
View our earnings forecast for Steelcase
.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) announced its quarterly earnings data on Thursday, December, 16th. The business services provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by $0.01. The business services provider earned $738.20 million during the quarter, compared to the consensus estimate of $767.63 million. Steelcase had a net margin of 0.70% and a trailing twelve-month return on equity of 3.05%. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 EPS.
View Steelcase's earnings history
.

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

Steelcase declared a quarterly dividend on Wednesday, June 22nd. Stockholders of record on Thursday, July 7th will be given a dividend of $0.145 per share on Monday, July 18th. This represents a $0.58 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Wednesday, July 6th.
View Steelcase's dividend history
.

Is Steelcase a good dividend stock?

Steelcase(NYSE:SCS) pays an annual dividend of $0.58 per share and currently has a dividend yield of 5.19%. SCS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Steelcase does not yet have a strong track record of dividend growth. The dividend payout ratio of Steelcase is 341.20%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Steelcase's dividend history.

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

Steelcase issued an update on its second quarter 2023 earnings guidance on Wednesday, June, 22nd. The company provided earnings per share guidance of $0.11-$0.15 for the period, compared to the consensus EPS estimate of $0.23. The company issued revenue guidance of $875.00 million-$900.00 million, compared to the consensus revenue estimate of $873.14 million.

Who are Steelcase's key executives?

Steelcase's management team includes the following people:
  • Ms. Sara E. Armbruster, Pres, CEO & Director (Age 51, Pay $958.48k)
  • Mr. David C. Sylvester, Sr. VP, Principal Accounting Officer & CFO (Age 57, Pay $721.5k)
  • Mr. Robert G. Krestakos, VP of Global Operations (Age 60, Pay $467.58k)
  • Ms. Lizbeth S. O'Shaughnessy, Sr. VP, Chief Admin. Officer, Gen. Counsel & Sec. (Age 60, Pay $609.72k)
  • Mr. Eddy F. Schmitt, Sr. VP of Americas (Age 50, Pay $479.18k)
  • Mr. Allan W. Smith Jr., Sr. VP & Chief Revenue Officer (Age 54, Pay $545.1k)
  • Mr. Steve Douglas Miller, VP & Chief Technology Officer
  • Mr. Michael O'Meara, Director of Investor Relations & Financial Planning and Analysis
  • Mr. Ulrich Hans Eberhard Gwinner, Pres of Asia Pacific (Age 58)
  • Mr. Guillaume M. Alvarez, Sr. VP of EMEA (Age 62)

What is James P. Keane's approval rating as Steelcase's CEO?

248 employees have rated Steelcase CEO James P. Keane on Glassdoor.com. James P. Keane has an approval rating of 93% among Steelcase'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 a variety of institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (7.04%), BlackRock Inc. (7.04%), Earnest Partners LLC (6.80%), Vanguard Group Inc. (6.09%), Dimensional Fund Advisors LP (3.69%) and Cooke & Bieler LP (3.16%). Company insiders that own Steelcase stock include David C Sylvester, Eddy F Schmitt, Guillaume M Alvarez, James P Keane, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Peter M Wege II, Robert C Pew III, Robert G Krestakos and Sara E Armbruster.
View institutional ownership trends for Steelcase
.

Which major investors are selling Steelcase stock?

SCS stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., JPMorgan Chase & Co., BNP Paribas Arbitrage SA, State Street Corp, Northern Trust Corp, Earnest Partners LLC, Cooke & Bieler LP, and UBS Group AG. Company insiders that have sold Steelcase company stock in the last two years include Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, and Robert G Krestakos.
View insider buying and selling activity for Steelcase
or view top insider-selling stocks.

Which major investors are buying Steelcase stock?

SCS stock was bought by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Invesco Ltd., Russell Investments Group Ltd., Victory Capital Management Inc., Easterly Investment Partners LLC, Bank of America Corp DE, BlackRock Inc., and Advisors Asset Management Inc..
View insider buying and selling activity for Steelcase
or or view top insider-buying stocks.

How do I buy shares of Steelcase?

Shares of SCS 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 $11.17.

How much money does Steelcase make?

Steelcase (NYSE:SCS) has a market capitalization of $1.26 billion and generates $2.77 billion in revenue each year. The business services provider earns $4 million in net income (profit) each year or $0.169990 on an earnings per share basis.

How many employees does Steelcase have?

Steelcase employs 11,800 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

When was Steelcase founded?

Steelcase was founded in 1912.

How can I contact Steelcase?

Steelcase's mailing address is 901 44TH STREET SE, GRAND RAPIDS MI, 49508. The official website for Steelcase is www.steelcase.com. The business services provider can be reached via phone at (616) 247-2710, via email at [email protected], or via fax at 616-475-2270.

This page (NYSE:SCS) was last updated on 6/27/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.