About Steelcase (NYSE:SCS)
Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through Americas, EMEA, and Other Category segments. The company's furniture portfolio includes panel-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as other products, including worktools. Its seating products comprise ergonomic task chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. The company's interior architectural products include full and partial height walls and doors. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and ceramic steel surfaces for use in various applications, including static whiteboards and chalkboards through third party fabricators and distributors, as well as workplace strategy consulting, data-driven space measurement, lease origination, furniture and asset management, and hosted event services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Turnstone, AMQ, Designtex, and PolyVision 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.
Industry, Sector and Symbol
Industry Office furniture, except wood
Sub-IndustryOffice Services & Supplies
Trailing P/E Ratio15.27
Forward P/E Ratio14.18
Sales & Book Value
Annual Sales$3.06 billion
Price / Sales0.53
Cash Flow$1.4725 per share
Price / Cash9.44
Book Value$6.97 per share
Price / Book1.99
EPS (Most Recent Fiscal Year)$0.91
Net Income$80.70 million
Return on Equity13.60%
Return on Assets6.05%
Steelcase (NYSE:SCS) Frequently Asked Questions
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 Wednesday, March 21st. Shareholders of record on Friday, March 30th will be given a dividend of $0.135 per share on Friday, April 13th. This represents a $0.54 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Steelcase's previous quarterly dividend of $0.13. View Steelcase's Dividend History.
How were Steelcase's earnings last quarter?
Steelcase (NYSE:SCS) announced its quarterly earnings results on Tuesday, March, 20th. The business services provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.16 by $0.08. The business services provider earned $772.70 million during the quarter, compared to the consensus estimate of $750.70 million. Steelcase had a net margin of 2.64% and a return on equity of 13.60%. Steelcase's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. View Steelcase's Earnings History.
When is Steelcase's next earnings date?
What guidance has Steelcase issued on next quarter's earnings?
Steelcase issued an update on its first quarter earnings guidance on Tuesday, March, 20th. The company provided EPS guidance of $0.12-0.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.19. The company issued revenue guidance of $740-765 million, compared to the consensus revenue estimate of $746.60 million.
What price target have analysts set for SCS?
4 Wall Street analysts have issued 1-year target prices for Steelcase's stock. Their forecasts range from $16.00 to $16.00. On average, they expect 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 Green Dot (GDOT), Cotiviti (COTV), Insperity (NSP), Loomis (LOIMF), Korn Ferry (KFY), Stantec (STN), Sotheby's (BID), Healthcare Services Group (HCSG), Clean Harbors (CLH), GDS (GDS), ATKINS WS GBP0.005 (WATKF), Maxar Technologies (MAXR), PageGroup (MPGPF), Brookfield Business Partners (BBU), VeriFone (PAY), Envestnet (ENV), WNS Global Services (WNS) and Convergys (CVG).
Who are Steelcase's key executives?
Steelcase's management team includes the folowing people:
- Mr. James P. Keane, Pres, CEO & Director (Age 59)
- Mr. David C. Sylvester, CFO & Sr. VP (Age 53)
- Mr. Robert G. Krestakos, VP of Global Operations (Age 56)
- Ms. Sara E. Armbruster, VP of Strategy, Research & New Bus. Innovation (Age 47)
- Ms. Lizbeth S. O'Shaughnessy, Chief Admin. Officer, Sr. VP, Gen. Counsel & Sec. (Age 56)
Has Steelcase been receiving favorable news coverage?
News coverage about SCS stock has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steelcase earned a coverage optimism score of 0.11 on Accern's scale. They also assigned news coverage about the business services provider an impact score of 44.75 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Steelcase's stock price today?
One share of SCS stock can currently be purchased for approximately $13.90.
How big of a company is Steelcase?
Steelcase has a market capitalization of $1.65 billion and generates $3.06 billion in revenue each year. The business services provider earns $80.70 million in net income (profit) each year or $0.91 on an earnings per share basis. Steelcase employs 11,700 workers across the globe.
How can I contact Steelcase?
Steelcase's mailing address is 901 44TH STREET SE, GRAND RAPIDS MI, 49508. The business services provider can be reached via phone at 616-247-2710 or via email at [email protected]
MarketBeat Community Rating for Steelcase (SCS)MarketBeat's community ratings are surveys of what our community members think about Steelcase and other stocks. Vote "Outperform" if you believe SCS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SCS will underperform the S&P 500 over the long term. You may vote once every thirty days.
Steelcase (NYSE:SCS) Dividend Information
Steelcase pays an annual dividend of $0.54 per share, with a dividend yield of 3.88%. SCS's most recent quarterly dividend payment was Friday, April 13. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 6.60% each year. Steelcase pays out 59.34% of its earnings out as a dividend.
|Most Recent Dividend:||4/13/2018|
|Dividend Growth:||6.60% (3 Year Average)|
|Payout Ratio:||59.34% (Trailing 12 Months of Earnings) |
55.10% (Based on This Year's Estimates)
45.76% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Steelcase (NYSE:SCS) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Steelcase (NYSE SCS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 18.87%
Institutional Ownership Percentage: 64.63%
Steelcase (NYSE SCS) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/29/2018||Peter M Wege II||Director||Sell||7,000||$13.46||$94,220.00||246,391|| |
|1/4/2018||Peter M Wege II||Director||Sell||13,300||$15.14||$201,362.00||254,244|| |
|12/22/2017||Sara E Armbruster||VP||Sell||3,000||$14.80||$44,400.00||69,870|| |
|7/14/2017||Peter M Wege II||Director||Sell||14,400||$13.81||$198,864.00||270,180|| |
|12/23/2016||Allan W Smith Jr||VP||Sell||5,632||$17.55||$98,841.60||18,899|| |
|6/29/2016||Sara E Armbruster||VP||Sell||14,000||$13.50||$189,000.00||99,711|| |
|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|| |
Steelcase (NYSE SCS) News Headlines
Steelcase (NYSE:SCS) SEC Filings
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Steelcase (NYSE:SCS) Income Statement, Balance Sheet and Cash Flow Statement
Steelcase (NYSE SCS) Stock Chart for Saturday, April, 21, 2018