NYSE:SCS - Steelcase Stock Price, News & Analysis

$15.71
+0.34 (+2.21 %)
(As of 08/18/2019 04:00 PM ET)
Today's Range
$15.28
Now: $15.71
$15.80
50-Day Range
$15.36
MA: $16.75
$17.67
52-Week Range
$13.65
Now: $15.71
$19.35
Volume445,500 shs
Average Volume577,532 shs
Market Capitalization$1.84 billion
P/E Ratio13.09
Dividend Yield3.77%
Beta1.33
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$1.9736 per share
Book Value$7.28 per share

Profitability

Net Income$126 million

Miscellaneous

Employees12,700
Market Cap$1.84 billion
Next Earnings Date9/19/2019 (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 Wednesday, June 19th. Investors of record on Monday, July 1st will be given a dividend of $0.145 per share on Tuesday, July 16th. This represents a $0.58 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Friday, June 28th. View Steelcase's Dividend History.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) issued its quarterly earnings results on Wednesday, June, 19th. The business services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.04. The business services provider had revenue of $824.30 million for the quarter, compared to the consensus estimate of $839.07 million. Steelcase had a net margin of 3.61% and a return on equity of 16.35%. Steelcase's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 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 Thursday, September 19th 2019. View Earnings Estimates for Steelcase.

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

Steelcase issued an update on its FY20 earnings guidance on Wednesday, June, 19th. The company provided earnings per share guidance of $1.20-1.35 for the period, compared to the Thomson Reuters consensus estimate of $1.30. The company issued revenue guidance of $3.63-3.77 billion, compared to the consensus revenue estimate of $3.71 billion.

What price target have analysts set for SCS?

2 brokerages have issued 1 year price objectives for Steelcase's stock. Their forecasts range from $20.00 to $21.00. On average, they anticipate Steelcase's stock price to reach $20.50 in the next twelve months. This suggests a possible upside of 30.5% 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 1 hold rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Steelcase.

Has Steelcase been receiving favorable news coverage?

Press coverage about SCS stock has trended negative this week, according to InfoTrie. The research firm ranks the sentiment of 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 negative five to positive five, with scores nearest to five being the most favorable. Steelcase earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned headlines 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 company's share price in the next few days. View News Stories for Steelcase.

Are investors shorting Steelcase?

Steelcase saw a decline in short interest in the month of July. As of July 31st, there was short interest totalling 1,344,600 shares, a decline of 12.5% from the June 30th total of 1,537,400 shares. Based on an average daily trading volume, of 646,100 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.6% of the company's shares 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 Venus Metals (VMC), Steel Dynamics (STLD), ChemoCentryx (CCXI), NVIDIA (NVDA), Micron Technology (MU), CVS Health (CVS), General Electric (GE), Home Depot (HD), Kinder Morgan (KMI) and Pfizer (PFE).

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 many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.85%), BlackRock Inc. (5.95%), Earnest Partners LLC (4.72%), LSV Asset Management (2.16%), Wells Fargo & Company MN (2.08%) and Charles Schwab Investment Management Inc. (1.15%). Company insiders that own Steelcase stock include Allan W Smith Jr, David C Sylvester, 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 Morgan Stanley, Prudential PLC, Russell Investments Group Ltd., Bank of America Corp DE, Deprince Race & Zollo Inc., Alambic Investment Management L.P., Charles Schwab Investment Management Inc. and Hillsdale Investment Management Inc.. Company insiders that have sold Steelcase company stock in the last year include Allan W Smith Jr, David C Sylvester, 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 Insider Buying and Selling for Steelcase.

Which institutional investors are buying Steelcase stock?

SCS stock was acquired by a variety of institutional investors in the last quarter, including Earnest Partners LLC, BlackRock Inc., Wells Fargo & Company MN, Nuveen Asset Management LLC, Man Group plc, Barrow Hanley Mewhinney & Strauss LLC, HighTower Advisors LLC and Allianz Asset Management GmbH. 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 $15.71.

How big of a company is Steelcase?

Steelcase has a market capitalization of $1.84 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:  249 (Vote Outperform)
Underperform Votes:  280 (Vote Underperform)
Total Votes:  529
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 8/18/2019 by MarketBeat.com Staff

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