Steelcase - SCS Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SCS shares.
View SCS analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 1-year price objectives for Steelcase's stock. Their SCS share price forecasts range from $11.00 to $12.00. On average, they expect the company's share price to reach $11.50 in the next year. This suggests a possible upside of 57.8% from the stock's current price.
View analysts price targets for SCS or view top-rated stocks among Wall Street analysts.

Steelcase's stock was trading at $7.07 at the beginning of the year. Since then, SCS shares have increased by 3.1% and is now trading at $7.29.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 22nd 2023.
View our SCS earnings forecast.

Steelcase will be holding an earnings conference call on Thursday, March 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Steelcase Inc. (NYSE:SCS) issued its quarterly earnings results on Thursday, December, 16th. The business services provider reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.01. The business services provider earned $738.20 million during the quarter, compared to the consensus estimate of $767.63 million. Steelcase had a trailing twelve-month return on equity of 4.85% and a net margin of 0.55%. The company's revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS.

Steelcase declared a quarterly dividend on Monday, December 19th. Stockholders of record on Tuesday, January 3rd will be given a dividend of $0.10 per share on Friday, January 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Friday, December 30th.
Read our dividend analysis for SCS.

ETFs with the largest weight of Steelcase (NYSE:SCS) stock in their portfolio include Cultivar ETF (CVAR), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), AXS Green Alpha ETF (NXTE), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Schwab Fundamental U.S. Small Company Index ETF (FNDA),

Steelcase (NYSE:SCS) pays an annual dividend of $0.40 per share and currently has a dividend yield of 5.60%. SCS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 266.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SCS will have a dividend payout ratio of 72.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCS.

248 employees have rated Steelcase Chief Executive Officer James P. Keane on Glassdoor.com. James P. Keane has an approval rating of 93% among the company's employees. This puts James P. Keane in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Steelcase investors own include Pfizer (PFE), NVIDIA (NVDA), AT&T (T), Exact Sciences (EXAS), Intel (INTC), Micron Technology (MU), CVS Health (CVS), General Electric (GE), Gilead Sciences (GILD) and Steel Dynamics (STLD).

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

Steelcase's stock is owned by a number of retail and institutional investors. Top institutional investors include Pzena Investment Management LLC (9.41%), Earnest Partners LLC (6.36%), Fifth Third Bancorp (4.65%), Dimensional Fund Advisors LP (4.15%), Cooke & Bieler LP (3.06%) and Douglas Lane & Associates LLC (2.93%). Insiders that own company stock include Eddy F Schmitt, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Robert G Krestakos and Sara E Armbruster.
View institutional ownership trends.

Shares of SCS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SCS stock can currently be purchased for approximately $7.29.

Steelcase (NYSE:SCS) has a market capitalization of $822.17 million and generates $2.77 billion in revenue each year. The business services provider earns $4 million in net income (profit) each year or $0.15 on an earnings per share basis.

The company employs 11,800 workers across the globe.

Steelcase's mailing address is 901 44TH STREET SE, GRAND RAPIDS MI, 49508. The official website for the company is www.steelcase.com. The business services provider can be reached via phone at (616) 247-2710, via email at investor@steelcase.com, or via fax at 616-475-2270.