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NYSE:SCS - Steelcase Stock Price, Forecast & News

$16.42
-0.63 (-3.70 %)
(As of 02/28/2020 08:00 AM ET)
Today's Range
$16.41
Now: $16.42
$17.15
50-Day Range
$16.42
MA: $18.94
$19.49
52-Week Range
$14.44
Now: $16.42
$23.02
Volume1.04 million shs
Average Volume561,162 shs
Market Capitalization$1.92 billion
P/E Ratio12.63
Dividend Yield3.40%
Beta1.42
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, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools. Read More…

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$1.86 per share
Book Value$7.28 per share

Profitability

Net Income$126 million

Miscellaneous

Employees12,700
Market Cap$1.92 billion
Next Earnings Date3/17/2020 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Wednesday, December 18th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.145 per share on Monday, January 13th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, December 26th. View Steelcase's Dividend History.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) issued its earnings results on Wednesday, December, 18th. The business services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.35 by $0.11. The business services provider earned $955.20 million during the quarter, compared to analyst estimates of $934.70 million. Steelcase had a net margin of 4.22% and a return on equity of 19.05%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 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 Tuesday, March 17th 2020. View Earnings Estimates for Steelcase.

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

Steelcase issued an update on its fourth quarter earnings guidance on Tuesday, December, 17th. The company provided earnings per share guidance of $0.30-0.34 for the period, compared to the Thomson Reuters consensus estimate of $0.35. The company issued revenue guidance of $905-930 million, compared to the consensus revenue estimate of $954.00 million.

What price target have analysts set for SCS?

3 Wall Street analysts have issued 12-month target prices for Steelcase's stock. Their forecasts range from $20.00 to $23.00. On average, they anticipate Steelcase's stock price to reach $21.50 in the next year. This suggests a possible upside of 30.9% from the stock's current price. View Analyst Price Targets for Steelcase.

What is the consensus analysts' recommendation for Steelcase?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Steelcase.

Has Steelcase been receiving favorable news coverage?

Media headlines about SCS stock have been trending negative recently, InfoTrie reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Steelcase earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned press coverage about the business services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Steelcase.

Are investors shorting Steelcase?

Steelcase saw a drop in short interest in the month of February. As of February 14th, there was short interest totalling 3,260,000 shares, a drop of 8.4% from the January 30th total of 3,560,000 shares. Based on an average daily volume of 761,700 shares, the days-to-cover ratio is currently 4.3 days. Currently, 4.2% of the shares of the company are sold short. View Steelcase's Current Options Chain.

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 EXACT Sciences (EXAS), NVIDIA (NVDA), AT&T (T), Venus Metals (VMC), Steel Dynamics (STLD), Pfizer (PFE), Micron Technology (MU), CVS Health (CVS), Exxon Mobil (XOM) and ChemoCentryx (CCXI).

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 of 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 a number of of retail and institutional investors. Top institutional shareholders include Earnest Partners LLC (6.30%), LSV Asset Management (2.56%), Prudential Financial Inc. (2.07%), State Street Corp (1.64%), Renaissance Technologies LLC (1.60%) and New York State Common Retirement Fund (1.41%). Company insiders that own Steelcase stock include Allan W Smith Jr, David C Sylvester, Eddy F Schmitt, James N Ludwig, James P Keane, Jennifer C Niemann, Lizbeth S O'shaughnessy, P Craig Welch Jr, 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 Alliancebernstein L.P., Westpac Banking Corp, Bank of New York Mellon Corp, Lord Abbett & CO. LLC, Greenleaf Trust, AQR Capital Management LLC, SG Americas Securities LLC and Marshall Wace LLP. Company insiders that have sold Steelcase company stock in the last year include Allan W Smith Jr, David C Sylvester, Eddy F Schmitt, James P Keane, Jennifer C Niemann, Lizbeth S O'shaughnessy, P Craig Welch Jr, 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 bought by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Acadian Asset Management LLC, Renaissance Technologies LLC, LSV Asset Management, Earnest Partners LLC, Man Group plc, Marshall Wace North America L.P. and Goldman Sachs Group Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Steelcase's stock price today?

One share of SCS stock can currently be purchased for approximately $16.42.

How big of a company is Steelcase?

Steelcase has a market capitalization of $1.92 billion and generates $3.44 billion in revenue each year. The business services provider earns $126 million in net income (profit) each year or $1.20 on an earnings per share basis. Steelcase employs 12,700 workers across the globe.View Additional Information About Steelcase.

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:  285 (Thanks for Voting!)
Underperform Votes:  304 (Thanks for Voting!)
Total Votes:  589
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 2/28/2020 by MarketBeat.com Staff

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