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NYSE:SCS

Steelcase (SCS) Stock Price, News & Analysis

$13.17
-0.23 (-1.72%)
(As of 03/4/2024 ET)
Today's Range
$13.17
$13.61
50-Day Range
$12.35
$13.82
52-Week Range
$6.39
$14.54
Volume
787,470 shs
Average Volume
721,264 shs
Market Capitalization
$1.50 billion
P/E Ratio
20.91
Dividend Yield
3.04%
Price Target
$11.00

Steelcase MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
16.5% Downside
$11.00 Price Target
Short Interest
Healthy
3.22% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.87
Upright™ Environmental Score
News Sentiment
0.59mentions of Steelcase in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.26 M Sold Last Quarter
Proj. Earnings Growth
28.21%
From $0.78 to $1.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.90 out of 5 stars

Business Services Sector

70th out of 311 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

3 Work-From-Home Stocks Still Going Strong
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Steelcase Stock (NYSE:SCS), Short Interest Report
Richard Pzena Trims Stake in Steelcase Inc
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Steelcase Inc's Dividend Analysis
Steelcase (SCS) Declares $0.10 Dividend
Steelcase (NYSE:SCS) Has Affirmed Its Dividend Of $0.10
Steelcase Inc. (SCS) Hit a 52 Week High, Can the Run Continue?
Steelcase: Fiscal Q3 Earnings Snapshot
Steelcase Inc. (NYSE:SCS) Q3 2024 Earnings Call Transcript
See More Headlines
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Company Calendar

Last Earnings
12/20/2023
Ex-Dividend for 1/16 Dividend
1/03/2024
Dividend Payable
1/16/2024
Today
3/04/2024
Next Earnings (Confirmed)
3/20/2024
Fiscal Year End
2/28/2025

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
-16.5%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$35.30 million
Pretax Margin
3.29%

Debt

Sales & Book Value

Annual Sales
$3.23 billion
Cash Flow
$1.36 per share
Book Value
$7.31 per share

Miscellaneous

Free Float
99,693,000
Market Cap
$1.50 billion
Optionable
Optionable
Beta
1.35

Social Links

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Key Executives

  • Ms. Sara E. Armbruster (Age 53)
    President, CEO & Director
    Comp: $1.8M
  • Mr. David C. Sylvester (Age 59)
    Senior VP & CFO
    Comp: $1.12M
  • Mr. Robert G. Krestakos (Age 62)
    Vice President of Global Operations
    Comp: $668.01k
  • Ms. Lizbeth S. O'Shaughnessy (Age 62)
    Senior VP, Chief Administrative Officer, General Counsel & Secretary
    Comp: $827.83k
  • Mr. Allan W. Smith Jr. (Age 56)
    Senior VP & Chief Revenue Officer
    Comp: $1.03M
  • Ms. Nicole C. Mcgrath (Age 47)
    VP, Corporate Controller & Chief Accounting Officer
  • Mr. Steven Douglas Miller (Age 49)
    VP & CTO
  • Mr. Michael O'Meara
    Director of Investor Relations & Financial Planning and Analysis
  • Ms. Gale Moutrey (Age 65)
    Vice President of Global Communication
  • Mr. Guillaume M. Alvarez (Age 64)
    Senior Vice President of EMEA














SCS Stock Analysis - Frequently Asked Questions

What is Steelcase's stock price target for 2024?

0 Wall Street analysts have issued 1-year price objectives for Steelcase's stock. Their SCS share price targets range from $11.00 to $11.00. On average, they predict the company's share price to reach $11.00 in the next year. This suggests that the stock has a possible downside of 16.5%.
View analysts price targets for SCS
or view top-rated stocks among Wall Street analysts.

How have SCS shares performed in 2024?

Steelcase's stock was trading at $13.52 at the beginning of the year. Since then, SCS shares have decreased by 2.6% and is now trading at $13.17.
View the best growth stocks for 2024 here
.

Are investors shorting Steelcase?

Steelcase saw a drop in short interest during the month of February. As of February 15th, there was short interest totaling 2,730,000 shares, a drop of 21.1% from the January 31st total of 3,460,000 shares. Based on an average daily trading volume, of 830,900 shares, the short-interest ratio is currently 3.3 days. Approximately 3.2% of the shares of the stock are short sold.
View Steelcase's Short Interest
.

When is Steelcase's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 20th 2024.
View our SCS earnings forecast
.

How can I listen to Steelcase's earnings call?

Steelcase will be holding an earnings conference call on Thursday, March 21st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) announced its quarterly earnings data on Wednesday, December, 20th. The business services provider reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.07. The business services provider earned $777.90 million during the quarter, compared to analyst estimates of $796.35 million. Steelcase had a trailing twelve-month return on equity of 12.57% and a net margin of 2.37%. The business's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share.

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

Steelcase announced a quarterly dividend on Tuesday, December 19th. Shareholders of record on Thursday, January 4th will be given a dividend of $0.10 per share on Tuesday, January 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, January 3rd.
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 2.99%. The dividend payout ratio is 63.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCS will have a dividend payout ratio of 40.00% 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 updated its fourth quarter 2024 earnings guidance on Tuesday, December, 19th. The company provided earnings per share guidance of 0.190-0.230 for the period, compared to the consensus earnings per share estimate of 0.200. The company issued revenue guidance of $765.0 million-$790.0 million, compared to the consensus revenue estimate of $789.1 million.

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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.55%), Pzena Investment Management LLC (6.87%), Dimensional Fund Advisors LP (4.16%), Fifth Third Bancorp (3.80%), Douglas Lane & Associates LLC (3.25%) and Cooke & Bieler LP (3.13%). Insiders that own company stock include David C Sylvester, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Nicole Cherie Mcgrath, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 3/4/2024 by MarketBeat.com Staff