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NYSE:SCSSteelcase Stock Price, Forecast & News

$13.26
+0.52 (+4.08 %)
(As of 06/5/2020 04:00 PM ET)
Add
Compare
Today's Range
$13.25
Now: $13.26
$13.83
50-Day Range
$8.80
MA: $10.52
$12.90
52-Week Range
$7.02
Now: $13.26
$23.02
Volume1.06 million shs
Average Volume871,466 shs
Market Capitalization$1.52 billion
P/E Ratio7.99
Dividend Yield2.20%
Beta1.61
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. 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 architectural pods. 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, Smith System, AMQ, Orangebox, 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.
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Steelcase logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.06 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.72 billion
Cash Flow$2.39 per share
Book Value$8.28 per share

Profitability

Net Income$199.70 million

Miscellaneous

Employees12,700
Market Cap$1.52 billion
Next Earnings Date6/17/2020 (Estimated)
OptionableOptionable

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Steelcase (NYSE:SCS) Frequently Asked Questions

How has Steelcase's stock been impacted by COVID-19 (Coronavirus)?

Steelcase's stock was trading at $13.42 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SCS stock has decreased by 5.1% and is now trading at $12.74. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Steelcase?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Steelcase.

When is Steelcase's next earnings date?

Steelcase is scheduled to release its next quarterly earnings announcement on Wednesday, June 17th 2020. View our earnings forecast for Steelcase.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) released its quarterly earnings results on Wednesday, March, 25th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The business services provider had revenue of $946.20 million for the quarter, compared to analyst estimates of $914.80 million. Steelcase had a return on equity of 19.81% and a net margin of 5.36%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. View Steelcase's earnings history.

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

Steelcase announced a quarterly dividend on Tuesday, March 24th. Investors of record on Friday, April 3rd will be paid a dividend of $0.07 per share on Friday, April 17th. This represents a $0.28 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, April 2nd. View Steelcase's dividend history.

What price target have analysts set for SCS?

4 analysts have issued 12-month price objectives for Steelcase's stock. Their forecasts range from $12.00 to $23.00. On average, they anticipate Steelcase's share price to reach $17.50 in the next twelve months. This suggests a possible upside of 37.4% from the stock's current price. View analysts' price targets for Steelcase.

Has Steelcase been receiving favorable news coverage?

News headlines about SCS stock have been trending positive recently, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring 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 closest to five being the most favorable. Steelcase earned a coverage optimism score of 2.7 on InfoTrie's scale. They also gave news headlines about the business services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutSteelcase.

Are investors shorting Steelcase?

Steelcase saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 2,280,000 shares, a drop of 16.8% from the April 15th total of 2,740,000 shares. Based on an average trading volume of 879,900 shares, the short-interest ratio is presently 2.6 days. Currently, 2.7% of the company's stock 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 EXACT Sciences (EXAS), NVIDIA (NVDA), Pfizer (PFE), Steel Dynamics (STLD), Venus Metals (VMC), AT&T (T), ChemoCentryx (CCXI), CVS Health (CVS), Micron Technology (MU) and Exxon Mobil (XOM).

Who are Steelcase's key executives?

Steelcase's management team includes the following 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)

What is Steelcase's stock symbol?

Steelcase trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCS."

Who are Steelcase's major shareholders?

Steelcase's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.63%), Wellington Management Group LLP (3.22%), State Street Corp (1.67%), New York State Common Retirement Fund (1.45%), Nuveen Asset Management LLC (1.12%) and Geode Capital Management LLC (1.08%). 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 APG Asset Management N.V., APG Asset Management N.V., Wellington Management Group LLP, Lord Abbett & CO. LLC, Two Sigma Investments LP, Cipher Capital LP, Geode Capital Management LLC, and HighTower Advisors LLC. Company insiders that have sold Steelcase company stock in the last year include David C Sylvester, Eddy F Schmitt, James P Keane, Jennifer C Niemann, Lizbeth S O'shaughnessy, Peter M Wege II, Robert C Pew III, and Sara E Armbruster. View insider buying and selling activity for Steelcase.

Which institutional investors are buying Steelcase stock?

SCS stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Matarin Capital Management LLC, Grantham Mayo Van Otterloo & Co. LLC, JPMorgan Chase & Co., Skandinaviska Enskilda Banken AB publ , Dynamic Technology Lab Private Ltd, APG Asset Management N.V., and Two Sigma Advisers LP. View insider buying and selling activity 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 $12.74.

How big of a company is Steelcase?

Steelcase has a market capitalization of $1.46 billion and generates $3.72 billion in revenue each year. Steelcase employs 12,700 workers across the globe.

What is Steelcase's official website?

The official website for Steelcase is 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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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