Steelcase Company Profile (NYSE:SCS)

About Steelcase (NYSE:SCS)

Steelcase logoSteelcase Inc. provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Company's segments include Americas, EMEA and Other Category. The Company's furniture portfolio includes panel-based and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools. Its seating products include task chairs, which are ergonomic seating that can be used in collaborative or casual settings and specialty seating for specific vertical markets, such as healthcare and education. Its technology solutions support group collaboration by integrating furniture and technology. Its interior architectural products include full and partial height walls and doors. It also offers services, which include workplace strategy consulting, lease origination services, furniture and asset management and hosted spaces. Its family of brands includes Steelcase, Coalesse, Designtex, PolyVision and Turnstone.

Industry, Sector and Symbol:
  • Sector: Business Services
  • Industry: Business Support Supplies - NEC
  • Sub-Industry: Office Services & Supplies
  • Symbol: NYSE:SCS
  • CUSIP: 85815520
  • Web: www.steelcase.com
Capitalization:
  • Market Cap: $1.62 billion
  • Outstanding Shares: 118,018,000
Average Prices:
  • 50 Day Moving Avg: $15.03
  • 200 Day Moving Avg: $16.17
  • 52 Week Range: $12.67 - $18.15
P/E:
  • Trailing P/E Ratio: 13.45
  • Foreward P/E Ratio: 12.06
  • P/E Growth: 1.53
Sales & Book Value:
  • Annual Revenue: $3.05 billion
  • Price / Sales: 0.53
  • Book Value: $6.69 per share
  • Price / Book: 2.06
Dividend:
  • Annual Dividend: $0.51
  • Dividend Yield: 3.7%
Profitability:
  • EBIDTA: $261.1 million
  • Net Margins: 4.04%
  • Return on Equity: 16.37%
  • Return on Assets: 7.17%
Debt:
  • Debt-to-Equity Ratio: 0.37%
  • Current Ratio: 1.66%
  • Quick Ratio: 1.28%
Misc:
  • Average Volume: 804,352 shs.
  • Beta: 1.21
  • Short Ratio: 1.28
 
Frequently Asked Questions for Steelcase (NYSE:SCS)

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 Thursday, June 22nd. Investors of record on Monday, July 3rd will be given a dividend of $0.1275 per share on Friday, July 14th. This represents a $0.51 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Thursday, June 29th. View Steelcase's Dividend History.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) released its quarterly earnings results on Wednesday, June, 21st. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by $0.04. The company earned $735.10 million during the quarter, compared to analysts' expectations of $743.27 million. Steelcase had a net margin of 4.04% and a return on equity of 16.37%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. View Steelcase's Earnings History.

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

Steelcase updated its second quarter earnings guidance on Wednesday, June, 21st. The company provided EPS guidance of 0.21-0.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.35. The company issued revenue guidance of $750-780 million, compared to the consensus revenue estimate of $793.73 million.

Where is Steelcase's stock going? Where will Steelcase's stock price be in 2017?

2 brokers have issued 1-year price targets for Steelcase's stock. Their forecasts range from $16.00 to $16.00. On average, they expect Steelcase's stock price to reach $16.00 in the next twelve months. View Analyst Ratings for Steelcase.

Who are some of Steelcase's key competitors?

Who are Steelcase's key executives?

Steelcase's management team includes the folowing people:

  • James P. Keane, President, Chief Executive Officer, Director
  • David C. Sylvester, Chief Financial Officer, Senior Vice President
  • Ulrich Hans Eberhard Gwinner, President , Asia Pacific
  • Lizbeth S. O'Shaughnessy, Senior Vice President, Chief Administrative Officer, General Counsel, Secretary
  • Guillaume M. Alvarez, Senior Vice President, EMEA
  • Eddy F. Schmitt, Senior Vice President , Americas
  • Mark T. Mossing, Chief Accounting Officer, Corporate Controller
  • Terrence J. Lenhardt, Chief Information Officer, Vice President
  • Sara E. Armbruster, Vice President - Strategy, Research and New Business Innovation
  • Robert G. Krestakos, Vice President - Global Operations

Who owns Steelcase stock?

Steelcase's stock is owned by many different of retail and institutional investors. Top institutional investors include Greenleaf Trust (0.34%), SeaBridge Investment Advisors LLC (0.15%), Eqis Capital Management Inc. (0.08%), Strs Ohio (0.05%), Aperio Group LLC (0.04%) and Bank of Montreal Can (0.03%). Company insiders that own Steelcase stock include Allan W Smith Jr, Peter M Wege II and Sara E Armbruster. View Institutional Ownership Trends for Steelcase.

Who sold Steelcase stock? Who is selling Steelcase stock?

Steelcase's stock was sold by a variety of institutional investors in the last quarter, including Alpha Windward LLC and Banced Corp. Company insiders that have sold Steelcase stock in the last year include Allan W Smith Jr and Peter M Wege II. View Insider Buying and Selling for Steelcase.

Who bought Steelcase stock? Who is buying Steelcase stock?

Steelcase's stock was acquired by a variety of institutional investors in the last quarter, including Greenleaf Trust, SeaBridge Investment Advisors LLC, Legato Capital Management LLC, Chevy Chase Trust Holdings Inc., North Star Investment Management Corp., Eqis Capital Management Inc., Strs Ohio and Aperio Group LLC. View Insider Buying and Selling for Steelcase.

How do I buy Steelcase stock?

Shares of Steelcase can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Steelcase's stock price today?

One share of Steelcase stock can currently be purchased for approximately $13.75.


MarketBeat Community Rating for Steelcase (NYSE SCS)
Community Ranking:  1.9 out of 5 ()
Outperform Votes:  63 (Vote Outperform)
Underperform Votes:  103 (Vote Underperform)
Total Votes:  166
MarketBeat's community ratings are surveys of what our community members think about Steelcase and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Steelcase (NYSE:SCS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $16.00 (16.36% upside)

Analysts' Ratings History for Steelcase (NYSE:SCS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/23/2017Raymond James Financial, Inc.Reiterated RatingStrong-Buy -> Outperform$19.00 -> $16.00HighView Rating Details
11/4/2016Seaport Global SecuritiesInitiated CoverageNeutralN/AView Rating Details
(Data available from 7/26/2015 forward)

Earnings

Earnings History for Steelcase (NYSE:SCS)
Earnings by Quarter for Steelcase (NYSE:SCS)
Earnings History by Quarter for Steelcase (NYSE SCS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
6/21/2017Q1 2018$0.19$0.15$743.27 million$735.10 millionViewN/AView Earnings Details
3/21/2017Q4 2017$0.23$0.22$750.83 million$769.10 millionViewN/AView Earnings Details
12/20/2016Q317$0.31$0.34$787.25 million$786.50 millionViewN/AView Earnings Details
9/21/2016Q217$0.32$0.32$785.30 million$758.00 millionViewN/AView Earnings Details
3/22/2016Q4$0.21$0.64$737.80 million$747.90 millionViewListenView Earnings Details
12/21/2015Q316$0.33$0.30$813.20 million$787.60 millionViewN/AView Earnings Details
9/23/2015Q216$0.32$0.35$794.50 million$819.00 millionViewListenView Earnings Details
6/24/2015Q216$0.15$0.17$706.50 million$705.50 millionViewN/AView Earnings Details
3/24/2015Q415$0.20$0.21$769.07 million$749.90 millionViewN/AView Earnings Details
12/22/2014Q315$0.26$0.29$826.80 million$800.00 millionViewN/AView Earnings Details
9/23/2014Q215$0.23$0.27$782.00 million$786.70 millionViewN/AView Earnings Details
6/26/2014Q115$0.16$0.12$728.73 million$723.10 millionViewN/AView Earnings Details
3/25/2014Q414$0.17$0.18$773.77 million$779.40 millionViewN/AView Earnings Details
12/18/2013Q3$0.26$0.18$781.27 million$784.80 millionViewListenView Earnings Details
9/18/2013Q2 2014$0.26$0.22$773.33 million$757.60 millionViewN/AView Earnings Details
6/19/2013Q1 2014$0.13$0.10$689.93 million$667.10 millionViewN/AView Earnings Details
3/27/2013Q4 2013$0.19$0.19$709.47 million$721.40 millionViewN/AView Earnings Details
12/19/2012Q3 2013$0.21$0.22$722.10 million$727.20 millionViewN/AView Earnings Details
9/19/2012Q213$0.19$0.25$728.30 million$744.90 millionViewN/AView Earnings Details
6/20/2012$0.13$0.13ViewN/AView Earnings Details
3/22/2012$0.16$0.14ViewN/AView Earnings Details
12/21/2011$0.19$0.19ViewN/AView Earnings Details
9/21/2011$0.17$0.15ViewN/AView Earnings Details
6/22/2011$0.05$0.10ViewN/AView Earnings Details
3/23/2011$0.08$0.11ViewN/AView Earnings Details
12/16/2010$0.14$0.18$644.27 million$672.60 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Steelcase (NYSE:SCS)
2017 EPS Consensus Estimate: $0.55
2018 EPS Consensus Estimate: $1.20
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20171$0.31$0.31$0.31
Q4 20171$0.24$0.24$0.24
Q1 20181$0.18$0.18$0.18
Q2 20181$0.37$0.37$0.37
Q3 20181$0.34$0.34$0.34
Q4 20181$0.31$0.31$0.31
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Steelcase (NYSE:SCS)
Most Recent Dividend:7/14/2017
Annual Dividend:$0.51
Dividend Yield:3.71%
Dividend Growth:16.30% (3 Year Average)
Payout Ratio:50.50% (Trailing 12 Months of Earnings)
53.13% (Based on This Year's Estimates)
44.74% (Based on Next Year's Estimates)
Track Record:6 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Steelcase (NYSE:SCS)

Dividend History by Quarter for Steelcase (NYSE SCS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
6/22/2017quarterly$0.133.62%6/29/20177/3/20177/14/2017
3/22/2017quarterly$0.133.1%3/29/20173/31/20174/14/2017
12/21/2016quarterly$0.122.71%12/29/20161/3/20171/13/2017
9/21/2016Quarterly$0.123.31%9/30/201610/4/201610/14/2016
6/23/2016quarterly$0.123.32%6/30/20167/5/20167/15/2016
3/23/2016quarterly$0.123.16%3/31/20164/4/20164/14/2016
12/22/2015quarterly$0.113.09%1/5/20161/7/20161/15/2016
9/23/2015quarterly$0.112.47%10/1/201510/5/201510/15/2015
6/24/2015quarterly$0.112.31%7/1/20157/6/20157/15/2015
3/25/2015quarterly$0.112.28%4/1/20154/6/20154/15/2015
12/23/2014quarterly$0.112.32%12/30/20141/2/20151/15/2015
9/25/2014quarterly$0.112.51%10/2/201410/6/201410/16/2014
6/26/2014quarterly$0.112.71%7/2/20147/7/20147/16/2014
3/26/2014quarterly$0.112.58%4/2/20144/4/20144/14/2014
12/18/2013quarterly$0.102.49%12/26/201312/30/20131/13/2014
9/19/2013quarterly$0.102.54%9/26/20139/30/201310/11/2013
6/20/2013quarterly$0.102.84%6/27/20137/1/20137/12/2013
3/29/2013quarterly$0.102.72%4/4/20134/8/20134/15/2013
12/9/2012quarterly$0.093.13%12/13/201212/17/201212/28/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Steelcase (NYSE:SCS)
Insider Ownership Percentage: 18.87%
Institutional Ownership Percentage: 65.60%
Insider Trades by Quarter for Steelcase (NYSE:SCS)
Institutional Ownership by Quarter for Steelcase (NYSE:SCS)
Insider Trades by Quarter for Steelcase (NYSE:SCS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/14/2017Peter M Wege IIDirectorSell14,400$13.81$198,864.00View SEC Filing  
12/23/2016Allan W Smith JrVPSell5,632$17.55$98,841.60View SEC Filing  
6/29/2016Sara E ArmbrusterVPSell14,000$13.50$189,000.00View SEC Filing  
6/29/2015David C SylvesterCFOSell32,413$19.52$632,701.76View SEC Filing  
10/9/2014R David HooverDirectorBuy5,000$15.31$76,550.00View SEC Filing  
10/1/2014Sara E ArmbrusterVPSell15,000$15.90$238,500.00View SEC Filing  
7/15/2014James P HackettDirectorSell3,000$15.29$45,870.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Steelcase (NYSE:SCS)
Latest Headlines for Steelcase (NYSE:SCS)
Source:
DateHeadline
americanbankingnews.com logo Analysts Anticipate Steelcase Inc. (NYSE:SCS) Will Announce Quarterly Sales of $757.40 Million
www.americanbankingnews.com - July 26 at 10:36 AM
nasdaq.com logoSteelcase Becomes Oversold
www.nasdaq.com - July 25 at 6:29 AM
americanbankingnews.com logoSteelcase Inc. (NYSE:SCS) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - July 24 at 8:28 PM
americanbankingnews.com logoSteelcase Inc. (NYSE:SCS) Stock Rating Lowered by TheStreet
www.americanbankingnews.com - July 23 at 9:26 PM
americanbankingnews.com logoHead to Head Analysis: Knoll (KNL) and Steelcase (NYSE:SCS)
www.americanbankingnews.com - July 21 at 10:16 AM
americanbankingnews.com logoSteelcase Inc. (NYSE:SCS) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - July 18 at 5:02 PM
benzinga.com logoCramer: The Office Furniture Space Is Overlooked But There Are Lots Of Opportunities
www.benzinga.com - July 15 at 8:25 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Director Sells $198,864.00 in Stock
www.americanbankingnews.com - July 14 at 8:24 PM
finance.yahoo.com logoCramer takes on the office space to see which furniture g...
finance.yahoo.com - July 14 at 8:12 AM
finance.yahoo.com logoCramer Remix: Target’s news flash is good for shareholders, but it may not be enough for all retail
finance.yahoo.com - July 14 at 8:11 AM
finance.yahoo.com logoWhich furniture giant rises above the rest
finance.yahoo.com - July 14 at 8:11 AM
finance.yahoo.com logoSteelcase: Cramer's Top Takeaways
finance.yahoo.com - July 14 at 8:11 AM
cnbc.com logoCramer takes on the office space to see which furniture giant rises above the rest
www.cnbc.com - July 13 at 6:34 PM
finance.yahoo.com logoETFs with exposure to Steelcase, Inc. : July 10, 2017
finance.yahoo.com - July 11 at 7:27 AM
seekingalpha.com logoNew Stocks For Safest Dividend Yields Model Portfolio: June 2017
seekingalpha.com - July 8 at 2:18 PM
finance.yahoo.com logoBear of the Day: Steelcase Inc. (SCS)
finance.yahoo.com - July 5 at 10:29 AM
zacks.com logoBear of the Day: Steelcase Inc. (SCS)
www.zacks.com - July 5 at 10:29 AM
finance.yahoo.com logoEarnings Review and Free Research Report: Steelcase Revenue Grew 4% on an Organic Basis
finance.yahoo.com - July 5 at 10:29 AM
finance.yahoo.com logoDiodes and Steelcase highlighted as Zacks Bull and Bear of the Day
finance.yahoo.com - July 5 at 10:29 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Expected to Post Quarterly Sales of $757.40 Million
www.americanbankingnews.com - June 30 at 1:47 PM
americanbankingnews.com logoHead to Head Review: RealD (RLD) vs. Steelcase (SCS)
www.americanbankingnews.com - June 30 at 10:09 AM
finance.yahoo.com logoWhy Steelcase Inc. (SCS) Could be Positioned for a Slump
finance.yahoo.com - June 30 at 6:33 AM
finance.yahoo.com logoSteelcase Inc. Annual Meeting of Shareholders Announced
finance.yahoo.com - June 29 at 6:46 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Expected to Announce Earnings of $0.23 Per Share
www.americanbankingnews.com - June 28 at 4:14 PM
americanbankingnews.com logoSteelcase Inc. (SCS) Cut to Strong Sell at Zacks Investment Research
www.americanbankingnews.com - June 28 at 7:40 AM
finance.yahoo.com logoETFs with exposure to Steelcase, Inc. : June 27, 2017
finance.yahoo.com - June 27 at 7:48 PM
finance.yahoo.com logoSteelcase, Inc. :SCS-US: Earnings Analysis: Q1, 2018 By the Numbers : June 26, 2017
finance.yahoo.com - June 27 at 8:11 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Rating Lowered to Sell at BidaskClub
www.americanbankingnews.com - June 23 at 5:54 PM
americanbankingnews.com logoSteelcase Inc. (SCS) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - June 23 at 5:26 PM
rttnews.com logoSteelcase Inc. (SCS) Dropped To A 7-Month Low After Weak Q1 Report
www.rttnews.com - June 23 at 9:52 AM
finance.yahoo.com logoEdited Transcript of SCS earnings conference call or presentation 22-Jun-17 12:30pm GMT
finance.yahoo.com - June 23 at 9:52 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Earns Outperform Rating from Raymond James Financial, Inc.
www.americanbankingnews.com - June 23 at 9:04 AM
americanbankingnews.com logoReviewing HNI Corporation (HNI) and Steelcase (SCS)
www.americanbankingnews.com - June 23 at 8:14 AM
americanbankingnews.com logoSteelcase Inc. Declares Quarterly Dividend of $0.13 (SCS)
www.americanbankingnews.com - June 22 at 5:46 PM
fool.com logoWhy Steelcase, Inc. Stock Plunged Today
www.fool.com - June 22 at 4:32 PM
feeds.benzinga.com logo11 Biggest Mid-Day Losers For Thursday
feeds.benzinga.com - June 22 at 2:07 PM
investorplace.com logoWhy Ford Motor Company (F) Stock Still Isn’t Cheap Enough
investorplace.com - June 22 at 12:45 PM
marketwatch.com logoSteelcase shares plunge after office-furnishing company's earnings miss
www.marketwatch.com - June 22 at 12:45 PM
nasdaq.com logoSteelcase Inc. (SCS) Has Dropped To A 7-Month Low After Q1 Miss
www.nasdaq.com - June 22 at 12:45 PM
investorplace.com logo3 Stocks to Watch on Thursday: Oracle Corporation (ORCL), Weibo Corp (ADR) (WB) and Steelcase Inc. (SCS)
investorplace.com - June 22 at 8:18 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Issues Earnings Results
www.americanbankingnews.com - June 21 at 9:02 PM
americanbankingnews.com logoSteelcase Inc. (SCS) Updates Q2 Earnings Guidance
www.americanbankingnews.com - June 21 at 5:14 PM
feeds.benzinga.com logoSteelcase Reports First Quarter Results
feeds.benzinga.com - June 21 at 4:49 PM
americanbankingnews.com logoHead-To-Head Survey: Steelcase (SCS) & HNI Corporation (HNI)
www.americanbankingnews.com - June 21 at 12:10 PM
finance.yahoo.com logoSteelcase, Inc. breached its 50 day moving average in a Bearish Manner : SCS-US : June 20, 2017
finance.yahoo.com - June 21 at 5:01 AM
feeds.benzinga.com logoSteelcase and Microsoft Showcase Technology-Enabled Spaces Designed to Boost Creative Work at NeoCon 2017
feeds.benzinga.com - June 13 at 11:56 AM
americanbankingnews.com logoFinancial Review: Steelcase (SCS) and Essendant (ESND)
www.americanbankingnews.com - June 12 at 9:30 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Expected to Announce Quarterly Sales of $744.60 Million
www.americanbankingnews.com - June 4 at 8:42 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Downgraded to Hold at ValuEngine
www.americanbankingnews.com - June 3 at 11:33 AM
finance.yahoo.com logoSteelcase, Inc. – Value Analysis (NYSE:SCS) : June 2, 2017
finance.yahoo.com - June 3 at 12:03 AM

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Steelcase (SCS) Chart for Wednesday, July, 26, 2017

This page was last updated on 7/26/2017 by MarketBeat.com Staff