Steelcase (SCS) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SCS shares.
View SCS analyst ratings or view top-rated stocks.

2 equities research analysts have issued 1-year target prices for Steelcase's stock. Their SCS share price forecasts range from $11.00 to $12.00. On average, they predict the company's share price to reach $11.50 in the next twelve months. This suggests a possible upside of 61.7% from the stock's current price.
View analysts price targets for SCS or view top-rated stocks among Wall Street analysts.

Steelcase's stock was trading at $7.07 at the start of the year. Since then, SCS stock has increased by 0.6% and is now trading at $7.11.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 28th 2023.
View our SCS earnings forecast.

Steelcase Inc. (NYSE:SCS) released its earnings results on Wednesday, March, 22nd. The business services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.13. The business services provider had revenue of $801.70 million for the quarter, compared to analysts' expectations of $751.38 million. Steelcase had a trailing twelve-month return on equity of 7.96% and a net margin of 1.09%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm posted ($0.02) earnings per share.

Steelcase declared a quarterly dividend on Wednesday, March 22nd. Investors of record on Wednesday, April 5th will be given a dividend of $0.10 per share on Friday, April 14th. This represents a $0.40 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend is Tuesday, April 4th.
Read our dividend analysis for SCS.

ETFs with the largest weight of Steelcase (NYSE:SCS) stock in their portfolio include Cultivar ETF (CVAR), Hypatia Women CEO ETF (WCEO), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), AXS Green Alpha ETF (NXTE), WisdomTree U.S. SmallCap Dividend Fund (DES), Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ), Schwab Fundamental U.S. Small Company Index ETF (FNDA) and

Steelcase (NYSE:SCS) pays an annual dividend of $0.40 per share and currently has a dividend yield of 5.63%. SCS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 133.34%. 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 48.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCS.

Steelcase updated its first quarter 2024 earnings guidance on Wednesday, March, 22nd. The company provided EPS guidance of $0.01-$0.05 for the period, compared to the consensus estimate of 0. The company issued revenue guidance of $710.00 million-$735.00 million, compared to the consensus revenue estimate of $693.77 million.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCS."

Steelcase's stock is owned by many different retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (8.84%), BlackRock Inc. (6.41%), Fifth Third Bancorp (4.61%), Dimensional Fund Advisors LP (3.66%), Douglas Lane & Associates LLC (3.06%) and Cooke & Bieler LP (2.87%). Insiders that own company stock include Eddy F Schmitt, 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.

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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One share of SCS stock can currently be purchased for approximately $7.11.

Steelcase (NYSE:SCS) has a market capitalization of $810.18 million and generates $3.23 billion in revenue each year. The business services provider earns $35.30 million in net income (profit) each year or $0.30 on an earnings per share basis.

The company employs 12,900 workers across the globe.

Steelcase's mailing address is 901 44TH STREET SE, GRAND RAPIDS MI, 49508. The official website for the company is www.steelcase.com. The business services provider can be reached via phone at (616) 247-2710, via email at investor@steelcase.com, or via fax at 616-475-2270.