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S&P 500   3,852.36
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First-Time Investor? Here Are 9 Mistakes You Want To Avoid
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Ford Stock Going Forward After Big Earnings Flop
Nvidia Rallies As Investors Bullish On Chipmaker's AI Business
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Bright Green Corporation Future May be Getting Brighter
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Ford Stock Going Forward After Big Earnings Flop
Nvidia Rallies As Investors Bullish On Chipmaker's AI Business
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Bright Green Corporation Future May be Getting Brighter
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Ford Stock Going Forward After Big Earnings Flop
Nvidia Rallies As Investors Bullish On Chipmaker's AI Business
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Bright Green Corporation Future May be Getting Brighter
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
NYSE:SCS

Steelcase - SCS Stock Forecast, Price & News

$7.77
-0.01 (-0.13%)
(As of 02/3/2023 12:00 AM ET)
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Compare
Today's Range
$7.67
$7.98
50-Day Range
$6.25
$8.22
52-Week Range
$6.20
$12.75
Volume
1.49 million shs
Average Volume
460,953 shs
Market Capitalization
$876.30 million
P/E Ratio
51.80
Dividend Yield
5.14%
Price Target
$11.50

Steelcase MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
48.0% Upside
$11.50 Price Target
Short Interest
Healthy
4.65% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.87
Upright™ Environmental Score
News Sentiment
0.07mentions of Steelcase in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Business Services Sector

112th out of 325 stocks

Office Furniture, Except Wood Industry

1st out of 2 stocks

SCS stock logo

About Steelcase (NYSE:SCS) Stock

Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through the Americas, EMEA, and Other Category segments. The firm'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 work tools and screens. Its seating products consist of ergonomic task chairs, seating for collaborative or casual settings, and specialty seating for specific vertical markets, such as healthcare and education. The firm'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, gove

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SCS Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Is Steelcase Inc. (NYSE:SCS) Trading At A 21% Discount?
Steelcase Reports Third Quarter Fiscal 2023 Results
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Steelcase Inc. (SCS)
Steelcase's (NYSE:SCS) Dividend Is Being Reduced To $0.10
See More Headlines
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SCS Company Calendar

Last Earnings
12/19/2022
Ex-Dividend for 1/13 Dividend
12/30/2022
Dividend Payable
1/13/2023
Today
2/04/2023
Fiscal Year End
2/28/2023
Next Earnings (Estimated)
3/22/2023

Industry, Sector and Symbol

Industry
Office furniture, except wood
Sub-Industry
Office Services & Supplies
CUSIP
85815520
Employees
11,800
Year Founded
1912

Price Target and Rating

Average Stock Price Forecast
$11.50
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+48.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$4 million
Pretax Margin
0.82%

Debt

Sales & Book Value

Annual Sales
$2.77 billion
Cash Flow
$0.78 per share
Book Value
$7.18 per share

Miscellaneous

Free Float
98,381,000
Market Cap
$876.30 million
Optionable
Optionable
Beta
1.38

Social Links


Key Executives

  • Sara E. Armbruster
    President, Chief Executive Officer & Director
  • Bob Krestakos
    Vice President-Global Operations
  • David C. Sylvester
    Chief Financial Officer & Senior Vice President
  • Steve Miller
    Chief Technology Officer & Vice President
  • Allan W. Smith
    Chief Revenue Officer & Senior Vice President













SCS Stock - Frequently Asked Questions

Should I buy or sell Steelcase stock right now?

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

What is Steelcase's stock price forecast for 2023?

2 Wall Street research analysts have issued 12-month target prices for Steelcase's shares. Their SCS share price forecasts range from $11.00 to $12.00. On average, they predict the company's share price to reach $11.50 in the next twelve months. This suggests a possible upside of 48.0% from the stock's current price.
View analysts price targets for SCS
or view top-rated stocks among Wall Street analysts.

How have SCS shares performed in 2023?

Steelcase's stock was trading at $7.07 on January 1st, 2023. Since then, SCS shares have increased by 9.9% and is now trading at $7.77.
View the best growth stocks for 2023 here
.

When is Steelcase's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 22nd 2023.
View our SCS earnings forecast
.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) issued its quarterly earnings results on Monday, December, 19th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business services provider earned $826.90 million during the quarter. Steelcase had a net margin of 0.55% and a trailing twelve-month return on equity of 4.85%.

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

Steelcase declared a quarterly dividend on Monday, December 19th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $0.10 per share on Friday, January 13th. This represents a $0.40 annualized dividend and a yield of 5.15%. The ex-dividend date is Friday, December 30th.
Read our dividend analysis for SCS
.

Is Steelcase a good dividend stock?

Steelcase (NYSE:SCS) pays an annual dividend of $0.40 per share and currently has a dividend yield of 5.13%. 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.
Read our dividend analysis for SCS.

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

Steelcase issued an update on its fourth quarter 2023 earnings guidance on Monday, December, 19th. The company provided earnings per share guidance of $0.11-$0.15 for the period, compared to the consensus earnings per share estimate of $0.12. The company issued revenue guidance of $740.00 million-$765.00 million, compared to the consensus revenue estimate of $790.32 million.

What is James P. Keane's approval rating as Steelcase's CEO?

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.

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).

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 institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (9.41%), Fifth Third Bancorp (4.65%), Douglas Lane & Associates LLC (2.93%), New York State Common Retirement Fund (1.10%), Thompson Investment Management Inc. (0.29%) and State of New Jersey Common Pension Fund D (0.24%). 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
.

How do I buy shares of Steelcase?

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.
Compare Top Brokerages Here.

What is Steelcase's stock price today?

One share of SCS stock can currently be purchased for approximately $7.77.

How much money does Steelcase make?

Steelcase (NYSE:SCS) has a market capitalization of $876.30 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.

How many employees does Steelcase have?

The company employs 11,800 workers across the globe.

Does Steelcase have any subsidiaries?
The following companies are subsidiares of Steelcase: AF Steelcase S.A., AMQ Solutions LLC, Orangebox Group, PolyVision Corporation, Red Thread, Red Thread Spaces LLC, Smith System Manufacturing Company, Softcare Innovations, Steelcase AG, Steelcase Asia Pacific Limited, Steelcase Canada Limited, Steelcase Czech Republic s.r.o., Steelcase Financial Services Inc., Steelcase Furniture (Dongguan) Company Limited, Steelcase Limited, Steelcase Manufacturing Sdn. Bhd., Steelcase SAS, Steelcase Trading (Shanghai) Co., Ultra Group Company, and Viccarbe Habitat S.L..
Read More
How can I contact Steelcase?

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.

This page (NYSE:SCS) was last updated on 2/4/2023 by MarketBeat.com Staff