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

$11.99
-0.06 (-0.50%)
(As of 11/28/2023 ET)
Compare
Today's Range
$11.96
$12.09
50-Day Range
$8.82
$12.21
52-Week Range
$6.20
$12.25
Volume
507,198 shs
Average Volume
885,325 shs
Market Capitalization
$1.37 billion
P/E Ratio
25.51
Dividend Yield
3.34%
Price Target
$11.00

Steelcase MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.3% Downside
$11.00 Price Target
Short Interest
Healthy
4.60% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.87
Upright™ Environmental Score
News Sentiment
0.13mentions of Steelcase in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$330,600 Sold Last Quarter
Proj. Earnings Growth
17.57%
From $0.74 to $0.87 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Business Services Sector

137th out of 309 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

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Vanguard Group Inc Adds Shares in Steelcase Inc
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Steelcase Recognized for Advancing and Supporting Women
Steelcase Inc Class A
Steelcase Research Finds Leaders' Priorities Shift
Steelcase: Back To Office, Back On Growth
5 Top Value Stocks That Will Pay You Real Cash
Steelcase (NYSE:SCS) Is Due To Pay A Dividend Of $0.10
Why Steelcase Stock Popped 21.3% This Week
See More Headlines
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Company Calendar

Last Earnings
9/20/2023
Ex-Dividend for 10/13 Dividend
10/02/2023
Dividend Payable
10/13/2023
Today
11/28/2023
Next Earnings (Estimated)
12/18/2023
Fiscal Year End
2/29/2024

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
-8.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$35.30 million
Pretax Margin
2.50%

Debt

Sales & Book Value

Annual Sales
$3.23 billion
Cash Flow
$1.38 per share
Book Value
$7.31 per share

Miscellaneous

Free Float
99,553,000
Market Cap
$1.37 billion
Optionable
Optionable
Beta
1.30

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Key Executives

  • Ms. Sara E. Armbruster (Age 52)
    President, CEO & Director
    Comp: $1.8M
  • Mr. David C. Sylvester (Age 58)
    Senior VP & CFO
    Comp: $1.12M
  • Mr. Robert G. Krestakos (Age 61)
    Vice President of Global Operations
    Comp: $668.01k
  • Ms. Lizbeth S. O'Shaughnessy (Age 61)
    Senior VP, Chief Administrative Officer, General Counsel & Secretary
    Comp: $827.83k
  • Mr. Allan W. Smith Jr. (Age 55)
    Senior VP & Chief Revenue Officer
    Comp: $1.03M
  • Ms. Nicole C. Mcgrath (Age 46)
    VP, Corporate Controller & Chief Accounting Officer
  • Mr. Steven Douglas Miller (Age 48)
    VP & CTO
  • Mr. Michael O'Meara
    Director of Investor Relations & Financial Planning and Analysis
  • Mr. Guillaume M. Alvarez (Age 63)
    Senior Vice President of EMEA
  • Mr. Eddy F. Schmitt (Age 51)
    Senior Vice President of Americas
    Comp: $479.18k














SCS Stock Analysis - Frequently Asked Questions

Should I buy or sell Steelcase stock right now?

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.
View SCS analyst ratings
or view top-rated stocks.

What is Steelcase's stock price target for 2024?

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%.
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 increased by 69.6% and is now trading at $11.99.
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 Monday, December 18th 2023.
View our SCS earnings forecast
.

How were Steelcase's earnings last quarter?

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.

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

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
.

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 3.33%. 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.

What ETFs hold Steelcase's stock?

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).

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

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 -.

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 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.
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.

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 11/28/2023 by MarketBeat.com Staff

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