Steelcase Stock Price, News & Analysis (NYSE:SCS)

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SCS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SCS, but not buy additional shares or sell existing shares.
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1 equities research analysts have issued 1 year target prices for Steelcase's stock. Their SCS share price targets range from $11.00 to $11.00. On average, they expect the company's share price to reach $11.00 in the next twelve months. This suggests that the stock has a possible downside of 8.3%.
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Steelcase's stock was trading at $7.07 at the start of the year. Since then, SCS stock has increased by 69.6% and is now trading at $11.99.
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The company is scheduled to release its next quarterly earnings announcement on Monday, December 18th 2023.
View our SCS earnings forecast.

Steelcase Inc. (NYSE:SCS) announced its earnings results on Wednesday, September, 20th. The business services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.11. The business services provider earned $854.60 million during the quarter, compared to analysts' expectations of $829.17 million. Steelcase had a trailing twelve-month return on equity of 11.32% and a net margin of 1.73%. The company's quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS.

Steelcase announced a quarterly dividend on Tuesday, September 19th. Investors of record on Tuesday, October 3rd will be given a dividend of $0.10 per share on Friday, October 13th. This represents a $0.40 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Monday, October 2nd.
Read our dividend analysis for SCS.

Steelcase (NYSE:SCS) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.33%. The dividend payout ratio is 85.11%. 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 45.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCS.

ETFs with the largest weight of Steelcase (NYSE:SCS) stock in their portfolio include Cultivar ETF (CVAR) and Hypatia Women CEO ETF (WCEO).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

Steelcase issued an update on its FY 2024 earnings guidance on Tuesday, September, 19th. The company provided EPS guidance of $0.80-$0.90 for the period, compared to the consensus earnings per share estimate of $0.67. The company issued revenue guidance of -.

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.

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).

Steelcase's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (8.65%), Fifth Third Bancorp (4.35%), Douglas Lane & Associates LLC (3.61%), Charles Schwab Investment Management Inc. (2.04%), Bank of New York Mellon Corp (1.01%) and Invesco Ltd. (0.99%). Insiders that own company stock include Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Peter M Wege II, Robert G Krestakos and Sara E Armbruster.
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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.
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