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BABA   78.61 (-2.91%)
AMD   125.27 (-1.39%)
T   15.64 (+0.90%)
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MU   71.69 (-3.03%)
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NYSE:SCS

Steelcase (SCS) Stock Forecast, Price & News

$6.85
-0.26 (-3.66%)
(As of 05/30/2023 ET)
Compare
Today's Range
$6.83
$7.16
50-Day Range
$6.78
$8.74
52-Week Range
$6.20
$12.43
Volume
873,667 shs
Average Volume
840,648 shs
Market Capitalization
$780.56 million
P/E Ratio
22.83
Dividend Yield
5.84%
Price Target
$11.50

Steelcase MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
67.9% Upside
$11.50 Price Target
Short Interest
Bearish
5.62% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.87
Upright™ Environmental Score
News Sentiment
1.42mentions of Steelcase in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$193,873 Sold Last Quarter
Proj. Earnings Growth
31.75%
From $0.63 to $0.83 Per Share

Overall MarketRank

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

3.01 out of 5 stars

Business Services Sector

11th out of 346 stocks

Office Furniture, Except Wood Industry

1st out of 2 stocks


SCS stock logo

About Steelcase (NYSE:SCS) Stock

Steelcase Inc. engages in the manufacture and distribution of office environments. It operates through the following segmets: Americas, EMEA, and Other. The Americas segment serves customers in the US, Canada, the Caribbean Islands, and Latin America through the Steelcase, AMQ, Coalesse, HALCON, Orangebox, Smith System, and Viccarbe brands. The EMEA segment provides service to customers in Europe, the Middle East, and Africa under the Steelcase, Coalesse, Orangebox and Viccarbe brands. The Other segment includes Asia Pacific and Designtex. The company was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI.

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SCS Stock News Headlines

Steelcase (NYSE:SCS) Sees Strong Trading Volume
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
Steelcase: A Turnaround Story (Rating Upgrade)
Steelcase Gets a Quantitative Upgrade
Short Interest in Steelcase Inc. (NYSE:SCS) Grows By 48.8%
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
Steelcase to Host, Webcast Investor Day May 4
Steelcase (NYSE:SCS) Lifted to Buy at StockNews.com
Steelcase (NYSE:SCS) Issues Q1 2024 Earnings Guidance
Why Steelcase Stock Popped Today
Steelcase (NYSE:SCS) Releases FY 2024 Earnings Guidance
Steelcase (NYSE:SCS) Issues Q1 Earnings Guidance
Steelcase (NYSE:SCS) Updates FY24 Earnings Guidance
Q4 2023 Steelcase Inc Earnings Call
Steelcase Full Year 2023 Earnings: Beats Expectations
Steelcase Inc. (NYSE:SCS) to Issue Quarterly Dividend of $0.10
See More Headlines
Receive SCS Stock News and Ratings via Email

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SCS Company Calendar

Last Earnings
3/22/2023
Ex-Dividend for 4/14 Dividend
4/04/2023
Dividend Payable
4/14/2023
Today
5/30/2023
Next Earnings (Estimated)
6/28/2023
Fiscal Year End
2/29/2024

Industry, Sector and Symbol

Industry
Office furniture, except wood
Sub-Industry
Office Services & Supplies
CUSIP
85815520
Employees
12,900
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
+67.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$35.30 million
Pretax Margin
1.60%

Debt

Sales & Book Value

Annual Sales
$3.23 billion
Cash Flow
$1.33 per share
Book Value
$7.31 per share

Miscellaneous

Free Float
99,401,000
Market Cap
$780.56 million
Optionable
Optionable
Beta
1.37

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 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. The consensus among Wall Street 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 analysts have issued twelve-month price objectives for Steelcase's stock. Their SCS share price forecasts range from $11.00 to $12.00. On average, they expect the company's share price to reach $11.50 in the next year. This suggests a possible upside of 67.9% 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 at the beginning of 2023. Since then, SCS stock has decreased by 3.1% and is now trading at $6.85.
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, June 28th 2023.
View our SCS earnings forecast
.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) issued its quarterly earnings data on Wednesday, March, 22nd. The business services provider reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.13. The business services provider earned $801.70 million during the quarter, compared to analysts' expectations of $751.38 million. Steelcase had a net margin of 1.09% and a trailing twelve-month return on equity of 7.96%. Steelcase's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.02) EPS.

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

Steelcase declared a quarterly dividend on Wednesday, March 22nd. Stockholders of record on Wednesday, April 5th will be given a dividend of $0.10 per share on Friday, April 14th. This represents a $0.40 annualized dividend and a yield of 5.84%. The ex-dividend date is Tuesday, April 4th.
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 5.63%. SCS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 133.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SCS will have a dividend payout ratio of 48.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCS.

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

Steelcase issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 22nd. The company provided EPS guidance of $0.01-$0.05 for the period, compared to the consensus earnings per share estimate of 0. The company issued revenue guidance of $710.00 million-$735.00 million, compared to the consensus revenue estimate of $693.77 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 (8.84%), BlackRock Inc. (6.41%), Fifth Third Bancorp (4.61%), Dimensional Fund Advisors LP (3.66%), Douglas Lane & Associates LLC (3.06%) and Cooke & Bieler LP (2.87%). Insiders that own company stock include Eddy F Schmitt, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Peter M Wege II, 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 $6.85.

How much money does Steelcase make?

Steelcase (NYSE:SCS) has a market capitalization of $780.56 million and generates $3.23 billion in revenue each year. The business services provider earns $35.30 million in net income (profit) each year or $0.30 on an earnings per share basis.

How many employees does Steelcase have?

The company employs 12,900 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 5/30/2023 by MarketBeat.com Staff

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