NYSE:SCS - Steelcase Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$14.85 -0.45 (-2.94 %)
(As of 03/22/2019 11:07 AM ET)
Previous Close$15.30
Today's Range$14.85 - $15.42
52-Week Range$13.10 - $19.35
Volume387,872 shs
Average Volume721,670 shs
Market Capitalization$1.73 billion
P/E Ratio12.38
Dividend Yield3.57%
Beta1.29
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.

Receive SCS News and Ratings via Email

Sign-up to receive the latest news and ratings for SCS and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Office furniture, except wood
Sub-IndustryOffice Services & Supplies
SectorBusiness Services
CUSIP85815520
Phone616-247-2710

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.44 billion
Cash Flow$1.4732 per share
Book Value$7.00 per share

Profitability

Net Income$80.70 million

Miscellaneous

Employees11,700
Market Cap$1.73 billion
Next Earnings Date6/19/2019 (Estimated)
OptionableOptionable

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 20th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.145 per share on Friday, April 12th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Thursday, March 28th. This is a positive change from Steelcase's previous quarterly dividend of $0.14. View Steelcase's Dividend History.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) issued its quarterly earnings data on Tuesday, March, 19th. The business services provider reported $0.29 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.26 by $0.03. The business services provider had revenue of $912 million for the quarter, compared to analysts' expectations of $870.60 million. Steelcase had a net margin of 3.66% and a return on equity of 16.54%. The company's quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 earnings per share. View Steelcase's Earnings History.

When is Steelcase's next earnings date?

Steelcase is scheduled to release their next quarterly earnings announcement on Wednesday, June 19th 2019. View Earnings Estimates for Steelcase.

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

Steelcase updated its FY20 earnings guidance on Tuesday, March, 19th. The company provided EPS guidance of $1.20-1.35 for the period, compared to the Thomson Reuters consensus estimate of $1.32. The company issued revenue guidance of +5.5-9.5% to ~$3.63-3.77 billion, compared to the consensus revenue estimate of $3.66 billion.Steelcase also updated its FY 2020 guidance to $1.20-1.35 EPS.

What price target have analysts set for SCS?

2 Wall Street analysts have issued 12 month price objectives for Steelcase's stock. Their forecasts range from $20.00 to $21.00. On average, they expect Steelcase's share price to reach $20.50 in the next year. This suggests a possible upside of 36.8% from the stock's current price. View Analyst Price Targets for Steelcase.

What is the consensus analysts' recommendation for Steelcase?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Strong Buy." View Analyst Ratings for Steelcase.

Has Steelcase been receiving favorable news coverage?

News coverage about SCS stock has been trending somewhat positive on Friday, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Steelcase earned a news sentiment score of 0.8 on InfoTrie's scale. They also assigned news headlines about the business services provider a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an effect on the company's share price in the near term.

Who are some of Steelcase's key competitors?

What other stocks do shareholders of Steelcase own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Steelcase investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Kinder Morgan (KMI), Intel (INTC), Pfizer (PFE), General Electric (GE), Boeing (BA), Caleres (CAL) and Rent-A-Center (RCII).

Who are Steelcase's key executives?

Steelcase's management team includes the folowing people:
  • Mr. James P. Keane, Pres, CEO & Director (Age 60)
  • Mr. David C. Sylvester, CFO & Sr. VP (Age 54)
  • Ms. Sara E. Armbruster, VP, Strategy of Research & Digital Transformation (Age 48)
  • Ms. Lizbeth S. O'Shaughnessy, Chief Admin. Officer, Sr. VP, Gen. Counsel & Sec. (Age 57)
  • Mr. Eddy F. Schmitt, Sr. VP of Americas (Age 47)

Who are Steelcase's major shareholders?

Steelcase's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.38%), Dimensional Fund Advisors LP (3.84%), LSV Asset Management (2.14%), Deprince Race & Zollo Inc. (1.88%), Norges Bank (1.71%) and Pzena Investment Management LLC (1.50%). Company insiders that own Steelcase stock include Allan W Smith Jr, James N Ludwig, Jennifer C Niemann, Lizbeth S O'shaughnessy, Peter M Wege II, Robert C Pew III and Sara E Armbruster. View Institutional Ownership Trends for Steelcase.

Which institutional investors are selling Steelcase stock?

SCS stock was sold by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Deprince Race & Zollo Inc., Royce & Associates LP, Comerica Bank, Prudential PLC, Bank of New York Mellon Corp, SeaBridge Investment Advisors LLC and First Trust Advisors LP. Company insiders that have sold Steelcase company stock in the last year include Allan W Smith Jr, James N Ludwig, Jennifer C Niemann, Lizbeth S O'shaughnessy, Peter M Wege II, Robert C Pew III and Sara E Armbruster. View Insider Buying and Selling for Steelcase.

Which institutional investors are buying Steelcase stock?

SCS stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Intrinsic Edge Capital Management LLC, Bank of America Corp DE, BlackRock Inc., American Century Companies Inc., Acadian Asset Management LLC, Greenleaf Trust and Hsbc Holdings PLC. View Insider Buying and Selling for Steelcase.

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 $14.98.

How big of a company is Steelcase?

Steelcase has a market capitalization of $1.75 billion and generates $3.44 billion in revenue each year. The business services provider earns $80.70 million in net income (profit) each year or $1.20 on an earnings per share basis. Steelcase employs 11,700 workers across the globe.

What is Steelcase's official website?

The official website for Steelcase is http://www.steelcase.com.

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 (NYSE SCS)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  233 (Vote Outperform)
Underperform Votes:  252 (Vote Underperform)
Total Votes:  485
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.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

Featured Article: What is Depreciation?

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel