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Steelcase Stock Price, Forecast & Analysis (NYSE:SCS)

$18.24
+0.07 (+0.39 %)
(As of 11/15/2019 02:58 PM ET)
Today's Range
$18.08
Now: $18.24
$18.37
50-Day Range
$17.35
MA: $17.97
$18.90
52-Week Range
$13.96
Now: $18.24
$19.65
Volume258,343 shs
Average Volume611,304 shs
Market Capitalization$2.14 billion
P/E Ratio15.20
Dividend Yield3.21%
Beta1.37
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$1.95 per share
Book Value$7.28 per share

Profitability

Net Income$126 million

Miscellaneous

Employees12,700
Market Cap$2.14 billion
Next Earnings Date12/17/2019 (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 announced a quarterly dividend on Thursday, September 19th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.145 per share on Monday, October 14th. This represents a $0.58 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, September 27th. View Steelcase's Dividend History.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) released its earnings results on Friday, September, 20th. The business services provider reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.07. The business services provider earned $998 million during the quarter, compared to analysts' expectations of $980.87 million. Steelcase had a net margin of 3.80% and a return on equity of 18.13%. Steelcase's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company 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, December 17th 2019. 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 Thursday, September, 19th. The company provided EPS guidance of $0.33-0.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35. The company issued revenue guidance of $920-945 million, compared to the consensus revenue estimate of $940.77 million.

What price target have analysts set for SCS?

2 brokerages have issued 12 month price targets for Steelcase's stock. Their forecasts range from $23.00 to $23.00. On average, they anticipate Steelcase's stock price to reach $23.00 in the next twelve months. This suggests a possible upside of 26.2% 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 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Steelcase.

Has Steelcase been receiving favorable news coverage?

Press coverage about SCS stock has trended somewhat negative on Friday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Steelcase earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned media coverage about the business services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Steelcase.

Are investors shorting Steelcase?

Steelcase saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,090,000 shares, an increase of 66.1% from the September 30th total of 1,860,000 shares. Based on an average daily volume of 721,900 shares, the short-interest ratio is presently 4.3 days. Currently, 3.7% of the company's shares are short sold. 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 Venus Metals (VMC), EXACT Sciences (EXAS), Micron Technology (MU), Steel Dynamics (STLD), CVS Health (CVS), ChemoCentryx (CCXI), NVIDIA (NVDA), Intel (INTC), Herman Miller (MLHR) and Ford Motor (F).

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 variety of of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (0.48%), SeaBridge Investment Advisors LLC (0.21%), Mackay Shields LLC (0.21%), California Public Employees Retirement System (0.18%), Hussman Strategic Advisors Inc. (0.13%) and Rhumbline Advisers (0.12%). 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 First Trust Advisors LP, Strs Ohio, Mackay Shields LLC, SeaBridge Investment Advisors LLC, Meeder Asset Management Inc., Dupont Capital Management Corp, First Mercantile Trust Co. and Zhang Financial LLC. 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 purchased by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Campbell & CO Investment Adviser LLC, Hussman Strategic Advisors Inc., Oppenheimer Asset Management Inc., WBI Investments Inc. and Envestnet Asset Management 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 $18.22.

How big of a company is Steelcase?

Steelcase has a market capitalization of $2.13 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:  267 (Vote Outperform)
Underperform Votes:  289 (Vote Underperform)
Total Votes:  556
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 11/15/2019 by MarketBeat.com Staff

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