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
  • Sub-Industry: Office Services & Supplies
  • Symbol: NYSE:SCS
  • CUSIP: 85815520
  • Web: www.steelcase.com
Capitalization:
  • Market Cap: $1.69 billion
  • Outstanding Shares: 116,034,000
Average Prices:
  • 50 Day Moving Avg: $13.41
  • 200 Day Moving Avg: $15.32
  • 52 Week Range: $12.50 - $18.15
P/E:
  • Trailing P/E Ratio: 14.31
  • Foreward P/E Ratio: 13.11
  • P/E Growth: 1.64
Sales & Book Value:
  • Annual Revenue: $3.07 billion
  • Price / Sales: 0.55
  • Book Value: $6.85 per share
  • Price / Book: 2.12
Dividend:
  • Annual Dividend: $0.51
  • Dividend Yield: 3.5%
Profitability:
  • EBIDTA: $250.6 million
  • Net Margins: 3.98%
  • Return on Equity: 15.72%
  • Return on Assets: 6.97%
Debt:
  • Debt-to-Equity Ratio: 0.37%
  • Current Ratio: 1.63%
  • Quick Ratio: 1.28%
Misc:
  • Average Volume: 976,303 shs.
  • Beta: 1.18
  • 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 Tuesday, September 19th. Stockholders of record on Thursday, September 28th will be given a dividend of $0.1275 per share on Thursday, October 12th. This represents a $0.51 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Wednesday, September 27th. View Steelcase's Dividend History.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) posted its quarterly earnings data on Monday, September, 18th. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.23 by $0.08. The firm had revenue of $775.60 million for the quarter, compared to analyst estimates of $759.83 million. Steelcase had a net margin of 3.98% and a return on equity of 15.72%. Steelcase's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. View Steelcase's Earnings History.

When will Steelcase make its next earnings announcement?

Steelcase is scheduled to release their next quarterly earnings announcement on Tuesday, December, 19th 2017. View Earnings Estimates for Steelcase.

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

Steelcase issued an update on its third quarter earnings guidance on Monday, September, 18th. The company provided EPS guidance of $0.21-0.25 for the period, compared to the Thomson Reuters consensus estimate of $0.28. The company issued revenue guidance of $785-810 million, compared to the consensus revenue estimate of $800.63 million.

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

3 brokers have issued 12 month target prices for Steelcase's shares. Their forecasts range from $16.00 to $16.00. On average, they anticipate Steelcase's stock price to reach $16.00 in the next year. View Analyst Ratings for Steelcase.

Are investors shorting Steelcase?

Steelcase saw a decline in short interest in August. As of August 15th, there was short interest totalling 1,242,704 shares, a decline of 37.0% from the July 31st total of 1,973,327 shares. Based on an average daily volume of 767,069 shares, the short-interest ratio is presently 1.6 days. Approximately 1.5% of the company's shares are sold short.

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 a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.29%), Dimensional Fund Advisors LP (2.84%), Alliancebernstein L.P. (2.70%), Cooke & Bieler LP (2.89%), Thompson Siegel & Walmsley LLC (1.98%) and Channing Capital Management LLC (1.88%). 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 Bank of New York Mellon Corp, Wedge Capital Management L L P NC, Channing Capital Management LLC, Franklin Resources Inc., Prudential Financial Inc., Prudential PLC, Wells Fargo & Company MN and WBI Investments Inc.. 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 Alliancebernstein L.P., Greenleaf Trust, LSV Asset Management, Cooke & Bieler LP, Royce & Associates LP, Thompson Siegel & Walmsley LLC, SeaBridge Investment Advisors LLC and Goldman Sachs Group Inc.. 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 $14.55.


MarketBeat Community Rating for Steelcase (NYSE SCS)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  91 (Vote Outperform)
Underperform Votes:  127 (Vote Underperform)
Total Votes:  218
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: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $16.00 (9.97% upside)

Analysts' Ratings History for Steelcase (NYSE:SCS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/20/2017SidotiDowngradeBuy -> Neutral$16.00HighView Rating Details
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 9/24/2015 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
12/18/2017$0.28N/AView Earnings Details
9/18/2017Q2 2018$0.23$0.31$759.83 million$775.60 millionViewN/AView Earnings Details
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: $1.02
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$0.23$0.23$0.23
Q4 20181$0.24$0.24$0.24
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Steelcase (NYSE:SCS)
Next Dividend:10/12/2017
Annual Dividend:$0.51
Dividend Yield:3.51%
Dividend Growth:16.30% (3 Year Average)
Payout Ratio:50.50% (Trailing 12 Months of Earnings)
54.26% (Based on This Year's Estimates)
45.95% (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
9/19/2017quarterly$0.133.37%9/27/20179/28/201710/12/2017
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: 62.10%
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 logoQ4 2018 EPS Estimates for Steelcase Inc. (SCS) Increased by Analyst
www.americanbankingnews.com - September 22 at 12:02 PM
americanbankingnews.com logoQ3 2018 EPS Estimates for Steelcase Inc. Cut by Analyst (SCS)
www.americanbankingnews.com - September 21 at 12:52 PM
americanbankingnews.com logoSteelcase Inc. (SCS) Downgraded by Sidoti to Neutral
www.americanbankingnews.com - September 20 at 10:16 PM
finance.yahoo.com logoStocks Waver as Wall Street Waits for Direction From Fed Meeting
finance.yahoo.com - September 20 at 8:48 AM
finance.yahoo.com logoStocks on Track for Records Even as Trump Goes After North Korea
finance.yahoo.com - September 20 at 8:48 AM
finance.yahoo.com logoEdited Transcript of SCS earnings conference call or presentation 19-Sep-17 12:30pm GMT
finance.yahoo.com - September 20 at 8:48 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Plans Quarterly Dividend of $0.13
www.americanbankingnews.com - September 19 at 6:22 PM
investorplace.com logo3 Stocks to Watch on Tuesday: Equifax Inc. (EFX), Microsoft Corporation (MSFT) and Steelcase Inc. (SCS)
investorplace.com - September 19 at 8:39 AM
finance.yahoo.com logoSteelcase to Distribute Mitchell Gold + Bob Williams in North America
finance.yahoo.com - September 19 at 7:33 AM
finance.yahoo.com logoSteelcase Reports Second Quarter Results
finance.yahoo.com - September 19 at 7:33 AM
finance.yahoo.com logoSteelcase shares rise on earnings beat
finance.yahoo.com - September 19 at 7:33 AM
finance.yahoo.com logoSteelcase posts 2Q profit
finance.yahoo.com - September 19 at 7:33 AM
feeds.benzinga.com logo8 Stocks To Watch For September 19, 2017
feeds.benzinga.com - September 19 at 6:17 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Expected to Post Quarterly Sales of $757.40 Million
www.americanbankingnews.com - September 19 at 1:52 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
www.americanbankingnews.com - September 18 at 7:30 PM
americanbankingnews.com logoSteelcase Inc. (SCS) Releases Q3 Earnings Guidance
www.americanbankingnews.com - September 18 at 5:16 PM
thestreet.com logoDow, Northrop Grumman, Slack - 5 Things You Must Know Before the Market Opens
www.thestreet.com - September 18 at 6:27 AM
feeds.benzinga.com logo5 Stocks To Watch For September 18, 2017
feeds.benzinga.com - September 18 at 5:15 AM
americanbankingnews.com logo$0.23 Earnings Per Share Expected for Steelcase Inc. (SCS) This Quarter
www.americanbankingnews.com - September 17 at 10:30 PM
finance.yahoo.com logoSteelcase Announces Relationship with FLOS Decorative Lighting
finance.yahoo.com - September 15 at 8:39 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Set to Announce Earnings on Monday
www.americanbankingnews.com - September 11 at 2:10 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - September 6 at 4:50 PM
finance.yahoo.com logoSteelcase, Inc. breached its 50 day moving average in a Bullish Manner : SCS-US : September 5, 2017
finance.yahoo.com - September 6 at 8:02 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Upgraded to "Buy" by Sidoti
www.americanbankingnews.com - September 1 at 5:54 PM
americanbankingnews.com logo$757.40 Million in Sales Expected for Steelcase Inc. (SCS) This Quarter
www.americanbankingnews.com - September 1 at 5:22 AM
americanbankingnews.com logoShort Interest in Steelcase Inc. (SCS) Declines By 37.0%
www.americanbankingnews.com - September 1 at 2:56 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Expected to Announce Earnings of $0.23 Per Share
www.americanbankingnews.com - August 30 at 10:20 AM
feeds.benzinga.com logoSteelcase Inc. to Webcast Second Quarter Conference Call
feeds.benzinga.com - August 29 at 11:34 AM
americanbankingnews.com logoSteelcase Inc. (SCS) Raised to "Hold" at Zacks Investment Research
www.americanbankingnews.com - August 27 at 5:00 PM
finance.yahoo.com logoFord CEO Jim Hackett Is Putting Together a 100-Day Plan. Here’s a Peek.
finance.yahoo.com - August 17 at 4:28 PM
finance.yahoo.com logoSteelcase, Inc. : SCS-US: Dividend Analysis : July 03rd, 2017 (record date) : By the numbers : August 17, 2017
finance.yahoo.com - August 17 at 4:28 PM
americanbankingnews.com logoShort Interest in Steelcase Inc. (SCS) Increases By 65.5%
www.americanbankingnews.com - August 16 at 1:30 AM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Steelcase Inc.
finance.yahoo.com - August 11 at 8:22 AM
americanbankingnews.com logoComparing Cott Corporation (COT) & Steelcase (NYSE:SCS)
www.americanbankingnews.com - August 10 at 12:32 AM
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

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Steelcase (SCS) Chart for Sunday, September, 24, 2017

This page was last updated on 9/24/2017 by MarketBeat.com Staff