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
Phone616-247-2710
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.44 billion
Profitability
Miscellaneous
Employees11,700
Next Earnings Date6/19/2019 (Estimated)
OptionableOptionable
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 20th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.145 per share on Friday, April 12th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from Steelcase's previous quarterly dividend of $0.14. View Steelcase's Dividend History.
How were Steelcase's earnings last quarter?
Steelcase Inc. (NYSE:SCS) announced its quarterly earnings data on Tuesday, March, 19th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. The business services provider had revenue of $912 million for the quarter, compared to the consensus estimate of $870.60 million. Steelcase had a return on equity of 16.54% and a net margin of 3.66%. The firm's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. 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 FY20 earnings guidance on Tuesday, March, 19th. The company provided earnings per share guidance of $1.20-1.35 for the period, compared to the Thomson Reuters consensus estimate of $1.32. The company issued revenue guidance of +5.5-9.5% to ~$3.63-3.77 billion, compared to the consensus revenue estimate of $3.66 billion.Steelcase also updated its FY 2020 guidance to $1.20-1.35 EPS.
What price target have analysts set for SCS?
2 brokerages have issued 12 month target prices for Steelcase's stock. Their forecasts range from $20.00 to $21.00. On average, they expect Steelcase's stock price to reach $20.50 in the next twelve months. This suggests a possible upside of 38.1% from the stock's current price. View Analyst Price Targets for Steelcase.
What is the consensus analysts' recommendation for Steelcase?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Strong Buy." View Analyst Ratings for Steelcase.
Has Steelcase been receiving favorable news coverage?
News articles about SCS stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Steelcase earned a media sentiment score of -1.1 on InfoTrie's scale. They also assigned news coverage about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days.
Who are some of Steelcase's key competitors?
Some companies that are related to Steelcase include JCDecaux (JCDXF), Genpact (G), Elastic (ESTC), Dun & Bradstreet (DNB), Morningstar (MORN), Insperity (NSP), ManpowerGroup (MAN), Stericycle (SRCL), HAVAS (HAVSF), INGENICO/ADR (INGIY), MAXIMUS (MMS), Pluralsight (PS), Oc Oerlikon Co. Pfaeffikon (OERLF), TriNet Group (TNET) and Renishaw (RNSHF).
What other stocks do shareholders of Steelcase own?
Who are Steelcase's key executives?
Steelcase's management team includes the folowing people:
- Mr. James P. Keane, Pres, CEO & Director (Age 60)
- Mr. David C. Sylvester, CFO & Sr. VP (Age 54)
- Ms. Sara E. Armbruster, VP, Strategy of Research & Digital Transformation (Age 48)
- Ms. Lizbeth S. O'Shaughnessy, Chief Admin. Officer, Sr. VP, Gen. Counsel & Sec. (Age 57)
- Mr. Eddy F. Schmitt, Sr. VP of Americas (Age 47)
Who are Steelcase's major shareholders?
Steelcase's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.38%), Dimensional Fund Advisors LP (3.84%), LSV Asset Management (2.14%), Deprince Race & Zollo Inc. (1.88%), Norges Bank (1.71%) and Pzena Investment Management LLC (1.50%). Company insiders that own Steelcase stock include Allan W Smith Jr, James N Ludwig, Jennifer C Niemann, Lizbeth S O'shaughnessy, 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 Pzena Investment Management LLC, Deprince Race & Zollo Inc., Royce & Associates LP, Comerica Bank, Prudential PLC, Bank of New York Mellon Corp, SeaBridge Investment Advisors LLC and First Trust Advisors LP. Company insiders that have sold Steelcase company stock in the last year include Allan W Smith Jr, James N Ludwig, Jennifer C Niemann, Lizbeth S O'shaughnessy, Peter M Wege II, Robert C Pew III and Sara E Armbruster. View Insider Buying and Selling for Steelcase.
Which institutional investors are buying Steelcase stock?
SCS stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Intrinsic Edge Capital Management LLC, Bank of America Corp DE, BlackRock Inc., American Century Companies Inc., Acadian Asset Management LLC, Greenleaf Trust and Hsbc Holdings PLC. 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 $14.84.
How big of a company is Steelcase?
Steelcase has a market capitalization of $1.73 billion and generates $3.44 billion in revenue each year. The business services provider earns $126 million in net income (profit) each year or $1.20 on an earnings per share basis. Steelcase employs 11,700 workers across the globe.
What is Steelcase's official website?
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 (NYSE 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.
