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NYSE:SCS

Steelcase - SCS Stock Forecast, Price & News

$12.23
+0.01 (+0.08%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$12.18
$12.30
50-Day Range
$10.21
$12.37
52-Week Range
$10.19
$14.38
Volume
339,473 shs
Average Volume
715,497 shs
Market Capitalization
$1.38 billion
P/E Ratio
71.95
Dividend Yield
4.75%
Price Target
N/A

Steelcase MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
5.10% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.87
Upright™ Environmental Score
News Sentiment
0.30mentions of Steelcase in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$337,800 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

1.90 out of 5 stars

Business Services Sector

276th out of 337 stocks

Office Furniture, Except Wood Industry

2nd out of 2 stocks

SCS stock logo

About Steelcase (NYSE:SCS) Stock

Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, and mobile power and screens. Its seating products comprise task chairs; seating for collaborative environments and casual settings; and specialty seating for specific vertical markets, including education and healthcare. The company's interior architectural products comprise full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and workplace strategy consulting, lease origination, and furniture and asset management services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Designtex, Coalesse, AMQ, Smith System, Orangebox, and Viccarbe 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.

Steelcase Stock Performance

SCS opened at $12.22 on Thursday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 71.89 and a beta of 1.16. The company has a fifty day moving average of $11.09 and a 200 day moving average of $11.62. Steelcase has a fifty-two week low of $10.19 and a fifty-two week high of $14.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 1.56.

Steelcase (NYSE:SCS - Get Rating) last issued its quarterly earnings data on Wednesday, June 22nd. The business services provider reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.13. Steelcase had a net margin of 0.70% and a return on equity of 3.10%. The business had revenue of $740.70 million during the quarter.

Steelcase Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 18th. Shareholders of record on Thursday, July 7th were paid a $0.145 dividend. The ex-dividend date was Wednesday, July 6th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.75%. Steelcase's payout ratio is currently 341.20%.

Insiders Place Their Bets

In other Steelcase news, CAO Lizbeth S. O'shaughnessy sold 30,000 shares of Steelcase stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $11.26, for a total value of $337,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 288,388 shares of the company's stock, valued at approximately $3,247,248.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.77% of the company's stock.

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SCS Stock News Headlines

Steelcase Named a Best Employer for Women by Forbes
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SCS Company Calendar

Last Earnings
6/22/2022
Ex-Dividend for 7/18 Dividend
7/06/2022
Dividend Payable
7/18/2022
Today
8/18/2022
Next Earnings (Estimated)
9/28/2022
Fiscal Year End
2/28/2023

Industry, Sector and Symbol

Industry
Office furniture, except wood
Sub-Industry
Office Services & Supplies
CUSIP
85815520
Employees
11,800
Year Founded
1912

Profitability

Net Income
$4 million
Pretax Margin
0.83%

Debt

Sales & Book Value

Annual Sales
$2.77 billion
Cash Flow
$0.77 per share
Book Value
$7.60 per share

Miscellaneous

Free Float
98,362,000
Market Cap
$1.38 billion
Optionable
Optionable
Beta
1.16

Social Links


Key Executives

  • Ms. Sara E. Armbruster (Age 51)
    Pres, CEO & Director
    Comp: $958.48k
  • Mr. David C. Sylvester (Age 57)
    Sr. VP, Principal Accounting Officer & CFO
    Comp: $721.5k
  • Mr. Robert G. Krestakos (Age 60)
    VP of Global Operations
    Comp: $467.58k
  • Ms. Lizbeth S. O'Shaughnessy (Age 60)
    Sr. VP, Chief Admin. Officer, Gen. Counsel & Sec.
    Comp: $609.72k
  • Mr. Eddy F. Schmitt (Age 50)
    Sr. VP of Americas
    Comp: $479.18k
  • Mr. Allan W. Smith Jr. (Age 54)
    Sr. VP & Chief Revenue Officer
    Comp: $545.1k
  • Mr. Steve Douglas Miller
    VP & Chief Technology Officer
  • Mr. Michael O'Meara
    Director of Investor Relations & Financial Planning and Analysis
  • Mr. Ulrich Hans Eberhard Gwinner (Age 58)
    Pres of Asia Pacific
  • Mr. Guillaume M. Alvarez (Age 62)
    Sr. VP of EMEA













SCS Stock - Frequently Asked Questions

How have SCS shares performed in 2022?

Steelcase's stock was trading at $11.72 at the beginning of 2022. Since then, SCS stock has increased by 4.4% and is now trading at $12.23.
View the best growth stocks for 2022 here
.

When is Steelcase's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 28th 2022.
View our SCS earnings forecast
.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) posted its quarterly earnings results on Wednesday, June, 22nd. The business services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.13. The business services provider had revenue of $740.70 million for the quarter. Steelcase had a trailing twelve-month return on equity of 3.10% and a net margin of 0.70%.

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

Steelcase announced a quarterly dividend on Wednesday, June 22nd. Stockholders of record on Thursday, July 7th will be paid a dividend of $0.145 per share on Monday, July 18th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Wednesday, July 6th.
Read our dividend analysis for SCS
.

Is Steelcase a good dividend stock?

Steelcase (NYSE:SCS) pays an annual dividend of $0.58 per share and currently has a dividend yield of 4.75%. SCS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 341.20%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for SCS.

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

Steelcase updated its second quarter 2023 earnings guidance on Wednesday, July, 20th. The company provided earnings per share guidance of $0.11-$0.15 for the period, compared to the consensus earnings per share estimate of $0.23. The company issued revenue guidance of $875.00 million-$900.00 million, compared to the consensus revenue estimate of $873.14 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 investors include Pzena Investment Management LLC (8.25%), Fifth Third Bancorp (4.82%), Cooke & Bieler LP (3.14%), Douglas Lane & Associates LLC (3.13%), State Street Corp (1.59%) and Penn Capital Management Company LLC (1.31%). Insiders that own company stock include David C Sylvester, Eddy F Schmitt, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Peter M Wege II, Robert C Pew III, 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 $12.23.

How much money does Steelcase make?

Steelcase (NYSE:SCS) has a market capitalization of $1.38 billion and generates $2.77 billion in revenue each year. The business services provider earns $4 million in net income (profit) each year or $0.17 on an earnings per share basis.

How many employees does Steelcase have?

The company employs 11,800 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
When was Steelcase founded?

Steelcase was founded in 1912.

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 8/18/2022 by MarketBeat.com Staff

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