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NYSE:SCS

Steelcase Stock Forecast, Price & News

$10.81
-0.29 (-2.61 %)
(As of 10/28/2020 12:00 AM ET)
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Today's Range
$10.67
Now: $10.81
$11.07
50-Day Range
$9.65
MA: $11.12
$12.34
52-Week Range
$7.02
Now: $10.81
$23.02
Volume739,266 shs
Average Volume911,628 shs
Market Capitalization$1.24 billion
P/E Ratio9.40
Dividend Yield3.60%
Beta1.59
Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through Americas, EMEA, and Other segments. The company's furniture portfolio includes panels, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools and screens. Its seating products comprise 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 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, Smith System, AMQ, Turnstone, Orangebox, and Designtex 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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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.31 out of 5 stars

Industry, Sector and Symbol

Industry Office furniture, except wood
Sub-IndustryOffice Services & Supplies
CUSIP85815520
Phone616-247-2710
Employees12,700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.72 billion
Cash Flow$2.07 per share
Book Value$8.26 per share

Profitability

Net Income$199.70 million

Miscellaneous

Market Cap$1.24 billion
Next Earnings Date12/15/2020 (Estimated)
OptionableOptionable
$10.81
-0.29 (-2.61 %)
(As of 10/28/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Steelcase (NYSE:SCS) Frequently Asked Questions

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

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 (WHO). Since then, SCS shares have decreased by 19.4% and is now trading at $10.81.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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 buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Steelcase
.

When is Steelcase's next earnings date?

Steelcase is scheduled to release its next quarterly earnings announcement on Tuesday, December 15th 2020.
View our earnings forecast for Steelcase
.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) released its quarterly earnings data on Tuesday, September, 22nd. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.18. The business services provider had revenue of $818.80 million for the quarter, compared to the consensus estimate of $782.67 million. Steelcase had a net margin of 4.33% and a return on equity of 15.72%. Steelcase's quarterly revenue was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS.
View Steelcase's earnings history
.

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

Steelcase declared a quarterly dividend on Tuesday, September 22nd. Stockholders of record on Friday, October 2nd will be given a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Thursday, October 1st.
View Steelcase's dividend history
.

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

Steelcase issued an update on its third quarter earnings guidance on Tuesday, September, 22nd. The company provided earnings per share guidance of $0.12-0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.18. The company issued revenue guidance of $690-725 million, compared to the consensus revenue estimate of $703.83 million.

What price target have analysts set for SCS?

2 Wall Street analysts have issued 1-year price targets for Steelcase's shares. Their forecasts range from $12.00 to $12.00. On average, they expect Steelcase's share price to reach $12.00 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
View analysts' price targets for Steelcase
.

Are investors shorting Steelcase?

Steelcase saw a drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,180,000 shares, a drop of 27.3% from the September 15th total of 3,000,000 shares. Based on an average trading volume of 953,500 shares, the short-interest ratio is currently 2.3 days. Approximately 2.6% of the company's shares are short sold.
View Steelcase's Short Interest
.

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 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).

Who are Steelcase's key executives?

Steelcase's management team includes the following people:
  • Mr. James P. Keane, Pres, CEO & Director (Age 61, Pay $5.24M)
  • Mr. David C. Sylvester, CFO & Sr. VP (Age 55, Pay $2M)
  • Ms. Sara E. Armbruster, VP of Strategy of Research & Digital Transformation (Age 49, Pay $1.29M)
  • Ms. Lizbeth S. O'Shaughnessy, Chief Admin. Officer, Sr. VP, Gen. Counsel & Sec. (Age 58, Pay $1.39M)
  • Mr. Allan W. Smith Jr., VP of Global Marketing (Age 52, Pay $1.1M)

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 number of retail and institutional investors. Top institutional investors include LSV Asset Management (2.21%), SeaBridge Investment Advisors LLC (0.22%), Alberta Investment Management Corp (0.15%), North Star Investment Management Corp. (0.10%), Robecosam AG (0.07%) and Foster & Motley Inc. (0.06%). Company insiders that own Steelcase stock 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 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 Alberta Investment Management Corp, Bowling Portfolio Management LLC, Robecosam AG, Foster & Motley Inc., Zhang Financial LLC, S.A. Mason LLC, and Pflug Koory LLC. Company insiders that have sold Steelcase company stock in the last year include Jennifer C Niemann, 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 acquired by a variety of institutional investors in the last quarter, including North Star Investment Management Corp., LSV Asset Management, First Hawaiian Bank, SeaBridge Investment Advisors LLC, Kendall Capital Management, Integrated Investment Consultants LLC, Diversified Trust Co, and NEXT Financial Group Inc.
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 $10.81.

How big of a company is Steelcase?

Steelcase has a market capitalization of $1.24 billion and generates $3.72 billion in revenue each year. The business services provider earns $199.70 million in net income (profit) each year or $1.50 on an earnings per share basis. 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 10/29/2020 by MarketBeat.com Staff

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