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NYSE:SCS

Steelcase (SCS) Stock Price, News & Analysis

$11.90
+0.07 (+0.59%)
(As of 10:43 AM ET)
Today's Range
$11.83
$11.96
50-Day Range
$11.82
$13.74
52-Week Range
$6.39
$14.54
Volume
56,982 shs
Average Volume
806,146 shs
Market Capitalization
$1.36 billion
P/E Ratio
17.50
Dividend Yield
3.36%
Price Target
$11.00

Steelcase MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
7.1% Downside
$11.00 Price Target
Short Interest
Healthy
2.99% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.87
Upright™ Environmental Score
News Sentiment
0.42mentions of Steelcase in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$50,440 Sold Last Quarter
Proj. Earnings Growth
21.74%
From $0.92 to $1.12 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.47 out of 5 stars

Business Services Sector

106th out of 306 stocks

Office Furniture, Except Wood Industry

2nd out of 2 stocks

SCS stock logo

About Steelcase Stock (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, AMQ, Coalesse, HALCON, Orangebox, Smith System, Designtex, 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 incorporated in 1912 and is headquartered in Grand Rapids, Michigan.

SCS Stock Price History

SCS Stock News Headlines

Steelcase Enters Oversold Territory
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Herman Miller vs Steelcase
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Exclusive Report: Uncover a Hidden Investment Gem We’re excited to share a special report on one exceptional, publicly traded company. This company has achieved a remarkable 22+% just this year, outperforming the market and revealing the potential for significant gains.
Steelcase's (NYSE:SCS) Dividend Will Be $0.10
Latest News for Steelcase Stock (NYSE:SCS)
Q4 2024 Steelcase Inc Earnings Call
Steelcase declares $0.10 dividend
Why Steelcase Stock Is Down Today
Steelcase Q4 2024 Earnings Preview
Earnings Outlook For Steelcase
See More Headlines
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Company Calendar

Last Earnings
3/20/2024
Ex-Dividend for 4/15 Dividend
4/02/2024
Dividend Payable
4/15/2024
Today
4/19/2024
Next Earnings (Estimated)
6/19/2024
Fiscal Year End
2/28/2025

Industry, Sector and Symbol

Industry
Office furniture, except wood
Sub-Industry
Office Services & Supplies
CUSIP
85815520
Employees
12,900
Year Founded
1912

Price Target and Rating

Average Stock Price Target
$11.00
High Stock Price Target
$11.00
Low Stock Price Target
$11.00
Potential Upside/Downside
-7.6%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$81.10 million
Pretax Margin
3.39%

Debt

Sales & Book Value

Annual Sales
$3.16 billion
Cash Flow
$1.71 per share
Book Value
$7.77 per share

Miscellaneous

Free Float
99,693,000
Market Cap
$1.36 billion
Optionable
Optionable
Beta
1.35

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Key Executives

  • Ms. Sara E. Armbruster (Age 53)
    President, CEO & Director
    Comp: $1.8M
  • Mr. David C. Sylvester (Age 59)
    Senior VP & CFO
    Comp: $1.12M
  • Mr. Robert G. Krestakos (Age 62)
    VP & Chief Operations Officer
    Comp: $668.01k
  • Ms. Lizbeth S. O'Shaughnessy (Age 62)
    Senior VP, Chief Administrative Officer, General Counsel & Secretary
    Comp: $827.83k
  • Mr. Allan W. Smith Jr. (Age 56)
    Senior VP, President of Americas & Chief Product Officer
    Comp: $1.03M
  • Ms. Nicole C. Mcgrath (Age 47)
    VP, Corporate Controller & Chief Accounting Officer
  • Mr. Steven Douglas Miller (Age 49)
    VP & CTO
  • Mr. Michael O'Meara
    Director of Investor Relations & Financial Planning and Analysis
  • Ms. Gale Moutrey (Age 65)
    Vice President of Global Brand and Corporate Communications
  • Mr. Terrence J. Lenhardt (Age 64)
    Senior Vice President of Marketing & Customer Verticals

SCS Stock Analysis - Frequently Asked Questions

What is Steelcase's stock price target for 2024?

0 brokerages 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 anticipate the company's stock price to reach $11.00 in the next year. This suggests that the stock has a possible downside of 7.1%.
View analysts price targets for SCS
or view top-rated stocks among Wall Street analysts.

How have SCS shares performed in 2024?

Steelcase's stock was trading at $13.52 on January 1st, 2024. Since then, SCS shares have decreased by 12.5% and is now trading at $11.8350.
View the best growth stocks for 2024 here
.

Are investors shorting Steelcase?

Steelcase saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,530,000 shares, a drop of 19.9% from the March 15th total of 3,160,000 shares. Based on an average daily trading volume, of 809,600 shares, the short-interest ratio is presently 3.1 days. Currently, 3.0% of the company's stock are sold short.
View Steelcase's Short Interest
.

When is Steelcase's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 19th 2024.
View our SCS earnings forecast
.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) released its earnings results on Wednesday, March, 20th. The business services provider reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. The business services provider had revenue of $775.20 million for the quarter, compared to analyst estimates of $780.25 million. Steelcase had a trailing twelve-month return on equity of 12.87% and a net margin of 2.57%. Steelcase's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS.

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

Steelcase announced a quarterly dividend on Wednesday, March 20th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.10 per share on Monday, April 15th. This represents a $0.40 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Tuesday, April 2nd.
Read our dividend analysis for SCS
.

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 3.38%. The dividend payout ratio is 58.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCS will have a dividend payout ratio of 35.71% 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 2025 earnings guidance on Wednesday, March, 20th. The company provided EPS guidance of 0.080-0.120 for the period, compared to the consensus earnings per share estimate of 0.100. The company issued revenue guidance of $715.0 million-$740.0 million, compared to the consensus revenue estimate of $741.2 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).

Who are Steelcase's major shareholders?

Steelcase's stock is owned by many different institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (3.11%), Thompson Investment Management Inc. (0.24%), Green Alpha Advisors LLC (0.14%), First Hawaiian Bank (0.07%), S.A. Mason LLC (0.04%) and ARGA Investment Management LP (0.02%). Insiders that own company stock include David C Sylvester, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Nicole Cherie Mcgrath, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:SCS) was last updated on 4/19/2024 by MarketBeat.com Staff

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