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About Steelcase (NYSE:SCS)
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-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as other products, including worktools. Its seating products comprise ergonomic 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 doors. 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, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Turnstone, AMQ, Designtex, and PolyVision 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.
Industry, Sector and Symbol
Industry Office furniture, except wood
Sub-IndustryOffice Services & Supplies
SectorBusiness Services
SymbolNYSE:SCS
CUSIP85815520
Phone616-247-2710
Debt
Debt-to-Equity Ratio0.36
Current Ratio1.54
Quick Ratio1.21
Price-To-Earnings
Trailing P/E Ratio15.71
Forward P/E Ratio14.59
P/E GrowthN/A
Sales & Book Value
Annual Sales$3.06 billion
Price / Sales0.55
Cash Flow$1.5037 per share
Price / Cash9.51
Book Value$7.00 per share
Price / Book2.04
Profitability
EPS (Most Recent Fiscal Year)$0.91
Net Income$80.70 million
Net Margins2.64%
Return on Equity13.60%
Return on Assets6.05%
Miscellaneous
Employees11,700
Outstanding Shares116,680,000
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 declared a quarterly dividend on Wednesday, March 21st. Stockholders of record on Friday, March 30th will be paid a dividend of $0.135 per share on Friday, April 13th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a positive change from Steelcase's previous quarterly dividend of $0.13. View Steelcase's Dividend History.
How were Steelcase's earnings last quarter?
Steelcase (NYSE:SCS) released its quarterly earnings data on Tuesday, March, 20th. The business services provider reported $0.24 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.16 by $0.08. The business services provider earned $772.70 million during the quarter, compared to analyst estimates of $750.70 million. Steelcase had a net margin of 2.64% and a return on equity of 13.60%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. View Steelcase's Earnings History.
When is Steelcase's next earnings date?
What guidance has Steelcase issued on next quarter's earnings?
Steelcase updated its first quarter earnings guidance on Tuesday, March, 20th. The company provided EPS guidance of $0.12-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.19. The company issued revenue guidance of $740-765 million, compared to the consensus revenue estimate of $746.60 million.
What price target have analysts set for SCS?
4 brokers have issued 12 month target prices for Steelcase's shares. Their forecasts range from $16.00 to $16.00. On average, they expect Steelcase's share price to reach $16.00 in the next year. View Analyst Ratings for Steelcase.
Who are some of Steelcase's key competitors?
Some companies that are related to Steelcase include Worldline (WWLNF), ManpowerGroup (MAN), Booz Allen Hamilton (BAH), GECIS (G), OC Oerlikon (OERLF), Stericycle (SRCL), Ingenico (INGIY), Morningstar (MORN), Delphi Technologies (DLPH), Renishaw (RNSHF), Dun & Bradstreet (DNB), HAVAS (HAVSF), CoreLogic (CLGX), Conduent (CNDT) and Maximus (MMS).
Who are Steelcase's key executives?
Steelcase's management team includes the folowing people:
- Mr. James P. Keane, Pres, CEO & Director (Age 59)
- Mr. David C. Sylvester, CFO & Sr. VP (Age 53)
- Mr. Robert G. Krestakos, VP of Global Operations (Age 56)
- Ms. Sara E. Armbruster, VP, Strategy of Research & Digital Transformation (Age 47)
- Ms. Lizbeth S. O'Shaughnessy, Chief Admin. Officer, Sr. VP, Gen. Counsel & Sec. (Age 56)
Has Steelcase been receiving favorable news coverage?
News coverage about SCS stock has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steelcase earned a news impact score of 0.08 on Accern's scale. They also assigned media stories about the business services provider an impact score of 46.23 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Steelcase's major shareholders?
Steelcase's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.58%), Cooke & Bieler LP (3.76%), Dimensional Fund Advisors LP (3.27%), Pzena Investment Management LLC (2.55%), LSV Asset Management (2.06%) and Wells Fargo & Company MN (1.33%). Company insiders that own Steelcase stock include Allan W Smith Jr, Jennifer C Niemann, Peter M Wege II 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 Prudential Financial Inc., BlackRock Inc., Franklin Resources Inc., Thompson Siegel & Walmsley LLC, Hsbc Holdings PLC, Wells Fargo & Company MN, BNP Paribas Arbitrage SA and Spark Investment Management LLC. Company insiders that have sold Steelcase company stock in the last year include Jennifer C Niemann, Peter M Wege II and Sara E Armbruster. View Insider Buying and Selling for Steelcase.
Which institutional investors are buying Steelcase stock?
SCS stock was purchased by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Russell Investments Group Ltd., Summit Trail Advisors LLC, Tieton Capital Management LLC, Comerica Bank, Dimensional Fund Advisors LP, Schwab Charles Investment Management Inc. and Cooke & Bieler LP. 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 $14.30.
How big of a company is Steelcase?
Steelcase has a market capitalization of $1.66 billion and generates $3.06 billion in revenue each year. The business services provider earns $80.70 million in net income (profit) each year or $0.91 on an earnings per share basis. Steelcase employs 11,700 workers across the globe.
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 (SCS)
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.
Steelcase (NYSE:SCS) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for Steelcase in the last 12 months. Their average twelve-month price target is $16.00, suggesting that the stock has a possible upside of 11.89%. The high price target for SCS is $16.00 and the low price target for SCS is $16.00. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.50 | 2.50 | 2.67 | 2.67 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $16.00 | $16.00 | $16.00 | $16.00 |
| Price Target Upside: | 11.89% upside | 15.11% upside | 5.61% upside | 5.61% upside |
Steelcase (NYSE:SCS) Consensus Price Target History
Steelcase (NYSE:SCS) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Steelcase (NYSE:SCS) Dividend Information
Steelcase pays an annual dividend of $0.54 per share, with a dividend yield of 3.78%. SCS's most recent quarterly dividend payment was Friday, April 13. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 6.60% each year. Steelcase pays out 59.34% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $0.54 |
| Dividend Yield: | 3.78% |
| Dividend Growth: | 6.60% (3 Year Average) |
| Payout Ratio(s): | 59.34% (Trailing 12 Months of Earnings)
55.10% (Based on This Year's Estimates)
45.76% (Based on Next Year's Estimates)
35.91% (Based on Cash Flow)
|
| Track Record: | 7 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Steelcase (NYSE:SCS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/21/2018 | quarterly | $0.1350 | 3.62% | 3/28/2018 | 3/30/2018 | 4/13/2018 |
| 12/20/2017 | quarterly | $0.1275 | 3.46% | 12/28/2017 | 12/29/2017 | 1/15/2018 |
| 9/19/2017 | quarterly | $0.1275 | 3.37% | 9/27/2017 | 9/28/2017 | 10/12/2017 |
| 6/22/2017 | quarterly | $0.1275 | 3.62% | 6/29/2017 | 7/3/2017 | 7/14/2017 |
| 3/22/2017 | quarterly | $0.1275 | 3.1% | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 12/21/2016 | quarterly | $0.12 | 2.71% | 12/29/2016 | 1/3/2017 | 1/13/2017 |
| 9/21/2016 | Quarterly | $0.12 | 3.31% | 9/30/2016 | 10/4/2016 | 10/14/2016 |
| 6/23/2016 | quarterly | $0.12 | 3.32% | 6/30/2016 | 7/5/2016 | 7/15/2016 |
| 3/23/2016 | quarterly | $0.12 | 3.16% | 3/31/2016 | 4/4/2016 | 4/14/2016 |
| 12/22/2015 | quarterly | $0.1125 | 3.09% | 1/5/2016 | 1/7/2016 | 1/15/2016 |
| 9/23/2015 | quarterly | $0.1125 | 2.47% | 10/1/2015 | 10/5/2015 | 10/15/2015 |
| 6/24/2015 | quarterly | $0.1125 | 2.31% | 7/1/2015 | 7/6/2015 | 7/15/2015 |
| 3/25/2015 | quarterly | $0.1125 | 2.28% | 4/1/2015 | 4/6/2015 | 4/15/2015 |
| 12/23/2014 | quarterly | $0.1050 | 2.32% | 12/30/2014 | 1/2/2015 | 1/15/2015 |
| 9/25/2014 | quarterly | $0.1050 | 2.51% | 10/2/2014 | 10/6/2014 | 10/16/2014 |
| 6/26/2014 | quarterly | $0.1050 | 2.71% | 7/2/2014 | 7/7/2014 | 7/16/2014 |
| 3/26/2014 | quarterly | $0.1050 | 2.58% | 4/2/2014 | 4/4/2014 | 4/14/2014 |
| 12/18/2013 | quarterly | $0.10 | 2.49% | 12/26/2013 | 12/30/2013 | 1/13/2014 |
| 9/19/2013 | quarterly | $0.10 | 2.54% | 9/26/2013 | 9/30/2013 | 10/11/2013 |
| 6/20/2013 | quarterly | $0.10 | 2.84% | 6/27/2013 | 7/1/2013 | 7/12/2013 |
| 3/29/2013 | quarterly | $0.10 | 2.72% | 4/4/2013 | 4/8/2013 | 4/15/2013 |
| 12/9/2012 | quarterly | $0.09 | 3.13% | 12/13/2012 | 12/17/2012 | 12/28/2012 |
(Data available from 1/1/2013 forward)
Steelcase (NYSE SCS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 18.87%
Institutional Ownership Percentage: 64.06%
Steelcase (NYSE SCS) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/25/2018 | Sara E Armbruster | VP | Sell | 304 | $13.90 | $4,225.60 | 85,540 |  |
| 4/23/2018 | Jennifer C Niemann | Director | Sell | 3,500 | $13.91 | $48,685.00 | 5,232 | |
| 3/29/2018 | Peter M Wege II | Director | Sell | 7,000 | $13.46 | $94,220.00 | 246,391 | |
| 1/4/2018 | Peter M Wege II | Director | Sell | 13,300 | $15.14 | $201,362.00 | 254,244 | |
| 12/22/2017 | Sara E Armbruster | VP | Sell | 3,000 | $14.80 | $44,400.00 | 69,870 | |
| 7/14/2017 | Peter M Wege II | Director | Sell | 14,400 | $13.81 | $198,864.00 | 270,180 | |
| 12/23/2016 | Allan W Smith Jr | VP | Sell | 5,632 | $17.55 | $98,841.60 | 18,899 | |
| 6/29/2016 | Sara E Armbruster | VP | Sell | 14,000 | $13.50 | $189,000.00 | 99,711 | |
| 6/29/2015 | David C Sylvester | CFO | Sell | 32,413 | $19.52 | $632,701.76 | | |
| 10/9/2014 | R David Hoover | Director | Buy | 5,000 | $15.31 | $76,550.00 | | |
| 10/1/2014 | Sara E Armbruster | VP | Sell | 15,000 | $15.90 | $238,500.00 | | |
| 7/15/2014 | James P Hackett | Director | Sell | 3,000 | $15.29 | $45,870.00 | | |
(Data available from 1/1/2013 forward)
Steelcase (NYSE SCS) News Headlines
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Steelcase (NYSE:SCS) SEC Filings
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Steelcase (NYSE:SCS) Income Statement, Balance Sheet and Cash Flow Statement
Steelcase (NYSE SCS) Stock Chart for Monday, May, 21, 2018
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