NYSE:SCS - Steelcase Stock Price, News, & Analysis

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$14.93 +0.20 (+1.36 %)
(As of 12/12/2018 11:56 AM ET)
Previous Close$14.73
Today's Range$14.76 - $15.09
52-Week Range$13.10 - $19.35
Volume142,689 shs
Average Volume640,069 shs
Market Capitalization$1.76 billion
P/E Ratio16.41
Dividend Yield3.58%
Beta1.32
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-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as other 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 doors. 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, AMQ, 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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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Office furniture, except wood
Sub-IndustryOffice Services & Supplies
SectorBusiness Services
Current SymbolNYSE:SCS
Previous Symbol
CUSIP85815520
Phone616-247-2710

Debt

Debt-to-Equity Ratio0.35
Current Ratio1.34
Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio16.41
Forward P/E Ratio13.95
P/E GrowthN/A

Sales & Book Value

Annual Sales$3.06 billion
Price / Sales0.57
Cash Flow$1.4826 per share
Price / Cash Flow10.07
Book Value$7.00 per share
Price / Book2.13

Profitability

EPS (Most Recent Fiscal Year)$0.91
Net Income$80.70 million
Net Margins2.89%
Return on Equity13.97%
Return on Assets6.22%

Miscellaneous

Employees11,700
Outstanding Shares116,700,000
Market Cap$1.76 billion
OptionableOptionable

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 Friday, September 21st. Shareholders of record on Monday, October 1st will be paid a dividend of $0.135 per share on Monday, October 15th. This represents a $0.54 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, September 28th. View Steelcase's Dividend History.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) issued its earnings results on Friday, September, 21st. The business services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.12. The business services provider had revenue of $875.80 million for the quarter, compared to analyst estimates of $873.70 million. Steelcase had a net margin of 2.89% and a return on equity of 13.97%. The company's quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 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 18th 2018. View Earnings Estimates for Steelcase.

How can I listen to Steelcase's earnings call?

Steelcase will be holding an earnings conference call on Wednesday, December 19th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Steelcase issued an update on its FY19 earnings guidance on Thursday, September, 20th. The company provided earnings per share guidance of $1.10-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.92. Steelcase also updated its Q3 guidance to $0.28-0.33 EPS.

What price target have analysts set for SCS?

2 brokerages have issued 1 year price objectives for Steelcase's shares. Their predictions range from $20.00 to $20.00. On average, they expect Steelcase's share price to reach $20.00 in the next twelve months. This suggests a possible upside of 34.2% 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 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Steelcase.

Has Steelcase been receiving favorable news coverage?

Media coverage about SCS stock has been trending positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Steelcase earned a daily sentiment score of 2.3 on InfoTrie's scale. They also gave media headlines 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 impact on the stock's share price in the next few days.

Who are some of Steelcase's key competitors?

Who are Steelcase's key executives?

Steelcase's management team includes the folowing people:
  • Mr. James P. Keane, Pres, CEO & Director (Age 59)
  • Mr. David C. Sylvester, CFO & Sr. VP (Age 53)
  • Ms. Sara E. Armbruster, VP, Strategy of Research & Digital Transformation (Age 47)
  • Ms. Lizbeth S. O'Shaughnessy, Chief Admin. Officer, Sr. VP, Gen. Counsel & Sec. (Age 56)
  • Mr. Eddy F. Schmitt, Sr. VP of Americas (Age 46)

Who are Steelcase's major shareholders?

Steelcase's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.36%), BlackRock Inc. (5.01%), Dimensional Fund Advisors LP (3.86%), Alliancebernstein L.P. (3.23%), Deprince Race & Zollo Inc. (2.74%) and Earnest Partners LLC (2.56%). Company insiders that own Steelcase stock include Allan W Smith Jr, James N Ludwig, Jennifer C Niemann, Lizbeth S O'shaughnessy, 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., Morgan Stanley, Tocqueville Asset Management L.P., Pzena Investment Management LLC, Fifth Third Bancorp, Greenleaf Trust, Wells Fargo & Company MN and Vident Investment Advisory LLC. Company insiders that have sold Steelcase company stock in the last year include Allan W Smith Jr, James N Ludwig, Jennifer C Niemann, Lizbeth S O'shaughnessy, 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 Earnest Partners LLC, Frontier Capital Management Co. LLC, Fuller & Thaler Asset Management Inc., Deutsche Bank AG, Westpac Banking Corp, Dimensional Fund Advisors LP, Renaissance Technologies LLC and Deprince Race & Zollo 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, Scottrade, Fidelity and Charles Schwab.

What is Steelcase's stock price today?

One share of SCS stock can currently be purchased for approximately $14.90.

How big of a company is Steelcase?

Steelcase has a market capitalization of $1.76 billion and generates $3.06 billion in revenue each year. The business services provider earns $80.70 million in net income (profit) each year or $0.91 on an earnings per share basis. Steelcase employs 11,700 workers across the globe.

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:  223 (Vote Outperform)
Underperform Votes:  242 (Vote Underperform)
Total Votes:  465
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 12/12/2018 by MarketBeat.com Staff

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