Steelcase - SCS Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SCS shares.
View SCS analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 12-month target prices for Steelcase's shares. Their SCS share price forecasts range from $11.00 to $12.00. On average, they predict the company's share price to reach $11.50 in the next twelve months. This suggests a possible upside of 48.0% from the stock's current price.
View analysts price targets for SCS or view top-rated stocks among Wall Street analysts.

Steelcase's stock was trading at $7.07 on January 1st, 2023. Since then, SCS shares have increased by 9.9% and is now trading at $7.77.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 22nd 2023.
View our SCS earnings forecast.

Steelcase Inc. (NYSE:SCS) issued its quarterly earnings results on Monday, December, 19th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business services provider earned $826.90 million during the quarter. Steelcase had a net margin of 0.55% and a trailing twelve-month return on equity of 4.85%.

Steelcase declared a quarterly dividend on Monday, December 19th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $0.10 per share on Friday, January 13th. This represents a $0.40 annualized dividend and a yield of 5.15%. The ex-dividend date is Friday, December 30th.
Read our dividend analysis for SCS.

Steelcase (NYSE:SCS) pays an annual dividend of $0.40 per share and currently has a dividend yield of 5.13%. SCS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 266.67%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for SCS.

Steelcase issued an update on its fourth quarter 2023 earnings guidance on Monday, December, 19th. The company provided earnings per share guidance of $0.11-$0.15 for the period, compared to the consensus earnings per share estimate of $0.12. The company issued revenue guidance of $740.00 million-$765.00 million, compared to the consensus revenue estimate of $790.32 million.

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.

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).

Steelcase trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCS."

Steelcase's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (9.41%), Fifth Third Bancorp (4.65%), Douglas Lane & Associates LLC (2.93%), New York State Common Retirement Fund (1.10%), Thompson Investment Management Inc. (0.29%) and State of New Jersey Common Pension Fund D (0.24%). Insiders that own company stock include Eddy F Schmitt, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Robert G Krestakos and Sara E Armbruster.
View institutional ownership trends.

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.
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One share of SCS stock can currently be purchased for approximately $7.77.

Steelcase (NYSE:SCS) has a market capitalization of $876.30 million and generates $2.77 billion in revenue each year. The business services provider earns $4 million in net income (profit) each year or $0.15 on an earnings per share basis.

The company employs 11,800 workers across the globe.

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.