Steelcase Company Profile (NYSE:SCS)

About Steelcase (NYSE:SCS)

Steelcase logoSteelcase Inc. provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Company's segments include Americas, EMEA and Other Category. The Company's furniture portfolio includes panel-based and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools. Its seating products include task chairs, which are ergonomic seating that can be used in collaborative or casual settings and specialty seating for specific vertical markets, such as healthcare and education. Its technology solutions support group collaboration by integrating furniture and technology. Its interior architectural products include full and partial height walls and doors. It also offers services, which include workplace strategy consulting, lease origination services, furniture and asset management and hosted spaces. Its family of brands includes Steelcase, Coalesse, Designtex, PolyVision and Turnstone.

Industry, Sector and Symbol:
  • Sector: Business Services
  • Industry: Business Support Supplies
  • Sub-Industry: Office Services & Supplies
  • Symbol: NYSE:SCS
  • CUSIP: 85815520
  • Web: www.steelcase.com
Capitalization:
  • Market Cap: $1.71 billion
  • Outstanding Shares: 116,034,000
Average Prices:
  • 50 Day Moving Avg: $14.75
  • 200 Day Moving Avg: $15.11
  • 52 Week Range: $12.50 - $18.15
P/E:
  • Trailing P/E Ratio: 15.24
  • Foreward P/E Ratio: 13.13
  • P/E Growth: 2.33
Sales & Book Value:
  • Annual Revenue: $3.07 billion
  • Price / Sales: 0.56
  • Book Value: $6.85 per share
  • Price / Book: 2.15
Dividend:
  • Annual Dividend: $0.51
  • Dividend Yield: 3.3%
Profitability:
  • EBITDA: $250.6 million
  • Net Margins: 3.98%
  • Return on Equity: 15.72%
  • Return on Assets: 6.97%
Debt:
  • Debt-to-Equity Ratio: 0.37%
  • Current Ratio: 1.63%
  • Quick Ratio: 1.28%
Misc:
  • Average Volume: 795,438 shs.
  • Beta: 1.21
  • Short Ratio: 1.28
 

Frequently Asked Questions for Steelcase (NYSE:SCS)

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 Tuesday, September 19th. Shareholders of record on Thursday, September 28th will be paid a dividend of $0.1275 per share on Thursday, October 12th. This represents a $0.51 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, September 27th. View Steelcase's Dividend History.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) announced its quarterly earnings results on Monday, September, 18th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.08. The business had revenue of $775.60 million for the quarter, compared to analysts' expectations of $759.83 million. Steelcase had a return on equity of 15.72% and a net margin of 3.98%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. View Steelcase's Earnings History.

When will Steelcase make its next earnings announcement?

Steelcase is scheduled to release their next quarterly earnings announcement on Tuesday, December, 19th 2017. View Earnings Estimates for Steelcase.

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

Steelcase issued an update on its third quarter earnings guidance on Monday, September, 18th. The company provided EPS guidance of $0.21-0.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.28. The company issued revenue guidance of $785-810 million, compared to the consensus revenue estimate of $800.63 million.

Where is Steelcase's stock going? Where will Steelcase's stock price be in 2017?

3 brokerages have issued 1-year price targets for Steelcase's stock. Their predictions range from $16.00 to $16.00. On average, they anticipate 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?

Who are Steelcase's key executives?

Steelcase's management team includes the folowing people:

  • James P. Keane, President, Chief Executive Officer, Director
  • David C. Sylvester, Chief Financial Officer, Senior Vice President
  • Ulrich Hans Eberhard Gwinner, President , Asia Pacific
  • Lizbeth S. O'Shaughnessy, Senior Vice President, Chief Administrative Officer, General Counsel, Secretary
  • Guillaume M. Alvarez, Senior Vice President, EMEA
  • Eddy F. Schmitt, Senior Vice President , Americas
  • Mark T. Mossing, Chief Accounting Officer, Corporate Controller
  • Terrence J. Lenhardt, Chief Information Officer, Vice President
  • Sara E. Armbruster, Vice President - Strategy, Research and New Business Innovation
  • Robert G. Krestakos, Vice President - Global Operations

Who owns Steelcase stock?

Steelcase's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include SeaBridge Investment Advisors LLC (0.30%), Nationwide Fund Advisors (0.15%), FormulaFolio Investments LLC (0.03%) and Fox Run Management L.L.C. (0.01%). Company insiders that own Steelcase stock include Allan W Smith Jr, Peter M Wege II and Sara E Armbruster. View Institutional Ownership Trends for Steelcase.

Who sold Steelcase stock? Who is selling Steelcase stock?

Steelcase's stock was sold by a variety of institutional investors in the last quarter, including Nationwide Fund Advisors. Company insiders that have sold Steelcase stock in the last year include Allan W Smith Jr and Peter M Wege II. View Insider Buying and Selling for Steelcase.

Who bought Steelcase stock? Who is buying Steelcase stock?

Steelcase's stock was purchased by a variety of institutional investors in the last quarter, including SeaBridge Investment Advisors LLC, FormulaFolio Investments LLC and Fox Run Management L.L.C.. View Insider Buying and Selling for Steelcase.

How do I buy Steelcase stock?

Shares of Steelcase can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Steelcase's stock price today?

One share of Steelcase stock can currently be purchased for approximately $14.70.


MarketBeat Community Rating for Steelcase (NYSE SCS)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  99 (Vote Outperform)
Underperform Votes:  139 (Vote Underperform)
Total Votes:  238
MarketBeat's community ratings are surveys of what our community members think about Steelcase and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Steelcase (NYSE:SCS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $16.00 (8.84% upside)
Consensus Price Target History for Steelcase (NYSE:SCS)
Price Target History for Steelcase (NYSE:SCS)
Analysts' Ratings History for Steelcase (NYSE:SCS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/20/2017SidotiDowngradeBuy -> Neutral$16.00HighView Rating Details
6/23/2017Raymond James Financial, Inc.Reiterated RatingStrong-Buy -> Outperform$19.00 -> $16.00HighView Rating Details
11/4/2016Seaport Global SecuritiesInitiated CoverageNeutralN/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Steelcase (NYSE:SCS)
Earnings by Quarter for Steelcase (NYSE:SCS)
Earnings History by Quarter for Steelcase (NYSE SCS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
12/18/2017$0.28N/AView Earnings Details
9/18/2017Q2 2018$0.23$0.31$759.83 million$775.60 millionViewN/AView Earnings Details
6/21/2017Q1 2018$0.19$0.15$743.27 million$735.10 millionViewN/AView Earnings Details
3/21/2017Q4 2017$0.23$0.22$750.83 million$769.10 millionViewN/AView Earnings Details
12/20/2016Q317$0.31$0.34$787.25 million$786.50 millionViewN/AView Earnings Details
9/21/2016Q217$0.32$0.32$785.30 million$758.00 millionViewN/AView Earnings Details
3/22/2016Q4$0.21$0.64$737.80 million$747.90 millionViewListenView Earnings Details
12/21/2015Q316$0.33$0.30$813.20 million$787.60 millionViewN/AView Earnings Details
9/23/2015Q216$0.32$0.35$794.50 million$819.00 millionViewListenView Earnings Details
6/24/2015Q216$0.15$0.17$706.50 million$705.50 millionViewN/AView Earnings Details
3/24/2015Q415$0.20$0.21$769.07 million$749.90 millionViewN/AView Earnings Details
12/22/2014Q315$0.26$0.29$826.80 million$800.00 millionViewN/AView Earnings Details
9/23/2014Q215$0.23$0.27$782.00 million$786.70 millionViewN/AView Earnings Details
6/26/2014Q115$0.16$0.12$728.73 million$723.10 millionViewN/AView Earnings Details
3/25/2014Q414$0.17$0.18$773.77 million$779.40 millionViewN/AView Earnings Details
12/18/2013Q3$0.26$0.18$781.27 million$784.80 millionViewListenView Earnings Details
9/18/2013Q2 2014$0.26$0.22$773.33 million$757.60 millionViewN/AView Earnings Details
6/19/2013Q1 2014$0.13$0.10$689.93 million$667.10 millionViewN/AView Earnings Details
3/27/2013Q4 2013$0.19$0.19$709.47 million$721.40 millionViewN/AView Earnings Details
12/19/2012Q3 2013$0.21$0.22$722.10 million$727.20 millionViewN/AView Earnings Details
9/19/2012Q213$0.19$0.25$728.30 million$744.90 millionViewN/AView Earnings Details
6/20/2012$0.13$0.13ViewN/AView Earnings Details
3/22/2012$0.16$0.14ViewN/AView Earnings Details
12/21/2011$0.19$0.19ViewN/AView Earnings Details
9/21/2011$0.17$0.15ViewN/AView Earnings Details
6/22/2011$0.05$0.10ViewN/AView Earnings Details
3/23/2011$0.08$0.11ViewN/AView Earnings Details
12/16/2010$0.14$0.18$644.27 million$672.60 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Steelcase (NYSE:SCS)
2017 EPS Consensus Estimate: $0.55
2018 EPS Consensus Estimate: $1.02
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20171$0.31$0.31$0.31
Q4 20171$0.24$0.24$0.24
Q1 20181$0.18$0.18$0.18
Q2 20181$0.37$0.37$0.37
Q3 20181$0.23$0.23$0.23
Q4 20181$0.24$0.24$0.24
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Steelcase (NYSE:SCS)
Most Recent Dividend:10/12/2017
Annual Dividend:$0.51
Dividend Yield:3.47%
Dividend Growth:16.30% (3 Year Average)
Payout Ratio:50.50% (Trailing 12 Months of Earnings)
54.84% (Based on This Year's Estimates)
45.54% (Based on Next Year's Estimates)
Track Record:6 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Steelcase (NYSE:SCS)

Dividend History by Quarter for Steelcase (NYSE SCS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/19/2017quarterly$0.133.37%9/27/20179/28/201710/12/2017
6/22/2017quarterly$0.133.62%6/29/20177/3/20177/14/2017
3/22/2017quarterly$0.133.1%3/29/20173/31/20174/14/2017
12/21/2016quarterly$0.122.71%12/29/20161/3/20171/13/2017
9/21/2016Quarterly$0.123.31%9/30/201610/4/201610/14/2016
6/23/2016quarterly$0.123.32%6/30/20167/5/20167/15/2016
3/23/2016quarterly$0.123.16%3/31/20164/4/20164/14/2016
12/22/2015quarterly$0.113.09%1/5/20161/7/20161/15/2016
9/23/2015quarterly$0.112.47%10/1/201510/5/201510/15/2015
6/24/2015quarterly$0.112.31%7/1/20157/6/20157/15/2015
3/25/2015quarterly$0.112.28%4/1/20154/6/20154/15/2015
12/23/2014quarterly$0.112.32%12/30/20141/2/20151/15/2015
9/25/2014quarterly$0.112.51%10/2/201410/6/201410/16/2014
6/26/2014quarterly$0.112.71%7/2/20147/7/20147/16/2014
3/26/2014quarterly$0.112.58%4/2/20144/4/20144/14/2014
12/18/2013quarterly$0.102.49%12/26/201312/30/20131/13/2014
9/19/2013quarterly$0.102.54%9/26/20139/30/201310/11/2013
6/20/2013quarterly$0.102.84%6/27/20137/1/20137/12/2013
3/29/2013quarterly$0.102.72%4/4/20134/8/20134/15/2013
12/9/2012quarterly$0.093.13%12/13/201212/17/201212/28/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Steelcase (NYSE:SCS)
Insider Ownership Percentage: 18.87%
Institutional Ownership Percentage: 62.10%
Insider Trades by Quarter for Steelcase (NYSE:SCS)
Institutional Ownership by Quarter for Steelcase (NYSE:SCS)
Insider Trades by Quarter for Steelcase (NYSE:SCS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/14/2017Peter M Wege IIDirectorSell14,400$13.81$198,864.00View SEC Filing  
12/23/2016Allan W Smith JrVPSell5,632$17.55$98,841.60View SEC Filing  
6/29/2016Sara E ArmbrusterVPSell14,000$13.50$189,000.00View SEC Filing  
6/29/2015David C SylvesterCFOSell32,413$19.52$632,701.76View SEC Filing  
10/9/2014R David HooverDirectorBuy5,000$15.31$76,550.00View SEC Filing  
10/1/2014Sara E ArmbrusterVPSell15,000$15.90$238,500.00View SEC Filing  
7/15/2014James P HackettDirectorSell3,000$15.29$45,870.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Steelcase (NYSE:SCS)
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Chart

Steelcase (SCS) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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