About Steelcase (NYSE:SCS)
Steelcase 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 Support Supplies
- Sub-Industry: Office Services & Supplies
- Symbol: NYSE:SCS
- CUSIP: 85815520
- Web: www.steelcase.com
- Market Cap: $1.71 billion
- Outstanding Shares: 116,034,000
- 50 Day Moving Avg: $14.75
- 200 Day Moving Avg: $15.11
- 52 Week Range: $12.50 - $18.15
Sales & Book Value:
- Trailing P/E Ratio: 15.24
- Foreward P/E Ratio: 13.13
- P/E Growth: 2.33
- Annual Revenue: $3.07 billion
- Price / Sales: 0.56
- Book Value: $6.85 per share
- Price / Book: 2.15
- Annual Dividend: $0.51
- Dividend Yield: 3.3%
- EBITDA: $250.6 million
- Net Margins: 3.98%
- Return on Equity: 15.72%
- Return on Assets: 6.97%
- Debt-to-Equity Ratio: 0.37%
- Current Ratio: 1.63%
- Quick Ratio: 1.28%
- Average Volume: 795,438 shs.
- Beta: 1.21
- Short Ratio: 1.28
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 Tuesday, September 19th. Shareholders of record on Thursday, September 28th will be paid a dividend of $0.1275 per share on Thursday, October 12th. This represents a $0.51 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, September 27th. View Steelcase's Dividend History.
How were Steelcase's earnings last quarter?
Steelcase Inc. (NYSE:SCS) announced its quarterly earnings results on Monday, September, 18th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.08. The business had revenue of $775.60 million for the quarter, compared to analysts' expectations of $759.83 million. Steelcase had a return on equity of 15.72% and a net margin of 3.98%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. View Steelcase's Earnings History.
When will Steelcase make its next earnings announcement?
What guidance has Steelcase issued on next quarter's earnings?
Steelcase issued an update on its third quarter earnings guidance on Monday, September, 18th. The company provided EPS guidance of $0.21-0.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.28. The company issued revenue guidance of $785-810 million, compared to the consensus revenue estimate of $800.63 million.
Where is Steelcase's stock going? Where will Steelcase's stock price be in 2017?
3 brokerages have issued 1-year price targets for Steelcase's stock. Their predictions range from $16.00 to $16.00. On average, they anticipate Steelcase's share price to reach $16.00 in the next twelve months. View Analyst Ratings for Steelcase.
Who are some of Steelcase's key competitors?
Some companies that are related to Steelcase include Avis Budget Group (CAR), Clean Harbors (CLH), Stantec (STN), Ritchie Bros. Auctioneers Incorporated (RBA), On Assignment (ASGN), Green Dot Corporation (GDOT), Sotheby's (BID), WageWorks (WAGE), Convergys Corporation (CVG), TriNet Group (TNET), Envestnet (ENV), Korn/Ferry International (KFY), Herman Miller (MLHR), ExlService Holdings (EXLS), Insperity (NSP), TeleTech Holdings (TTEC), WNS (Holdings) Limited (WNS) and HNI Corporation (HNI).
Who are Steelcase's key executives?
Steelcase's management team includes the folowing people:
- James P. Keane, President, Chief Executive Officer, Director
- David C. Sylvester, Chief Financial Officer, Senior Vice President
- Ulrich Hans Eberhard Gwinner, President , Asia Pacific
- Lizbeth S. O'Shaughnessy, Senior Vice President, Chief Administrative Officer, General Counsel, Secretary
- Guillaume M. Alvarez, Senior Vice President, EMEA
- Eddy F. Schmitt, Senior Vice President , Americas
- Mark T. Mossing, Chief Accounting Officer, Corporate Controller
- Terrence J. Lenhardt, Chief Information Officer, Vice President
- Sara E. Armbruster, Vice President - Strategy, Research and New Business Innovation
- Robert G. Krestakos, Vice President - Global Operations
Who owns Steelcase stock?
Steelcase's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include SeaBridge Investment Advisors LLC (0.30%), Nationwide Fund Advisors (0.15%), FormulaFolio Investments LLC (0.03%) and Fox Run Management L.L.C. (0.01%). Company insiders that own Steelcase stock include Allan W Smith Jr, Peter M Wege II 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 Nationwide Fund Advisors. Company insiders that have sold Steelcase stock in the last year include Allan W Smith Jr and Peter M Wege II. View Insider Buying and Selling for Steelcase.
Who bought Steelcase stock? Who is buying Steelcase stock?
Steelcase's stock was purchased by a variety of institutional investors in the last quarter, including SeaBridge Investment Advisors LLC, FormulaFolio Investments LLC and Fox Run Management L.L.C.. 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.
What is Steelcase's stock price today?
MarketBeat Community Rating for Steelcase (NYSE SCS)MarketBeat's community ratings are surveys of what our community members think about Steelcase and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Steelcase stock can currently be purchased for approximately $14.70.
Consensus Ratings for Steelcase (NYSE:SCS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$16.00 (8.84% upside)|Consensus Price Target History for Steelcase (NYSE:SCS)
Analysts' Ratings History for Steelcase (NYSE:SCS)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/20/2017||Sidoti||Downgrade||Buy -> Neutral||$16.00||High|
|6/23/2017||Raymond James Financial, Inc.||Reiterated Rating||Strong-Buy -> Outperform||$19.00 -> $16.00||High|
|11/4/2016||Seaport Global Securities||Initiated Coverage||Neutral||N/A|
Earnings History for Steelcase (NYSE:SCS)Earnings History by Quarter for Steelcase (NYSE SCS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|9/18/2017||Q2 2018||$0.23||$0.31||$759.83 million||$775.60 million||View||N/A|
|6/21/2017||Q1 2018||$0.19||$0.15||$743.27 million||$735.10 million||View||N/A|
|3/21/2017||Q4 2017||$0.23||$0.22||$750.83 million||$769.10 million||View||N/A|
|12/20/2016||Q317||$0.31||$0.34||$787.25 million||$786.50 million||View||N/A|
|9/21/2016||Q217||$0.32||$0.32||$785.30 million||$758.00 million||View||N/A|
|3/22/2016||Q4||$0.21||$0.64||$737.80 million||$747.90 million||View||Listen|
|12/21/2015||Q316||$0.33||$0.30||$813.20 million||$787.60 million||View||N/A|
|9/23/2015||Q216||$0.32||$0.35||$794.50 million||$819.00 million||View||Listen|
|6/24/2015||Q216||$0.15||$0.17||$706.50 million||$705.50 million||View||N/A|
|3/24/2015||Q415||$0.20||$0.21||$769.07 million||$749.90 million||View||N/A|
|12/22/2014||Q315||$0.26||$0.29||$826.80 million||$800.00 million||View||N/A|
|9/23/2014||Q215||$0.23||$0.27||$782.00 million||$786.70 million||View||N/A|
|6/26/2014||Q115||$0.16||$0.12||$728.73 million||$723.10 million||View||N/A|
|3/25/2014||Q414||$0.17||$0.18||$773.77 million||$779.40 million||View||N/A|
|12/18/2013||Q3||$0.26||$0.18||$781.27 million||$784.80 million||View||Listen|
|9/18/2013||Q2 2014||$0.26||$0.22||$773.33 million||$757.60 million||View||N/A|
|6/19/2013||Q1 2014||$0.13||$0.10||$689.93 million||$667.10 million||View||N/A|
|3/27/2013||Q4 2013||$0.19||$0.19||$709.47 million||$721.40 million||View||N/A|
|12/19/2012||Q3 2013||$0.21||$0.22||$722.10 million||$727.20 million||View||N/A|
|9/19/2012||Q213||$0.19||$0.25||$728.30 million||$744.90 million||View||N/A|
|12/16/2010||$0.14||$0.18||$644.27 million||$672.60 million||View||N/A|
Earnings Estimates for Steelcase (NYSE:SCS)
2017 EPS Consensus Estimate: $0.55
2018 EPS Consensus Estimate: $1.02
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Steelcase (NYSE:SCS)
|Most Recent Dividend:||10/12/2017|
|Dividend Growth:||16.30% (3 Year Average)|
|Payout Ratio:||50.50% (Trailing 12 Months of Earnings) |
54.84% (Based on This Year's Estimates)
45.54% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Steelcase (NYSE SCS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Steelcase (NYSE:SCS)
Insider Ownership Percentage: 18.87%Insider Trades by Quarter for Steelcase (NYSE:SCS)
Institutional Ownership Percentage: 62.10%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|7/14/2017||Peter M Wege II||Director||Sell||14,400||$13.81||$198,864.00|| |
|12/23/2016||Allan W Smith Jr||VP||Sell||5,632||$17.55||$98,841.60|| |
|6/29/2016||Sara E Armbruster||VP||Sell||14,000||$13.50||$189,000.00|| |
|6/29/2015||David C Sylvester||CFO||Sell||32,413||$19.52||$632,701.76|| |
|10/9/2014||R David Hoover||Director||Buy||5,000||$15.31||$76,550.00|| |
|10/1/2014||Sara E Armbruster||VP||Sell||15,000||$15.90||$238,500.00|| |
|7/15/2014||James P Hackett||Director||Sell||3,000||$15.29||$45,870.00|| |
Headline Trends for Steelcase (NYSE:SCS)
Latest Headlines for Steelcase (NYSE:SCS)
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Steelcase (SCS) Chart for Tuesday, October, 24, 2017