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, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools.
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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
Employees12,700
Next Earnings Date12/17/2019 (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 announced a quarterly dividend on Thursday, September 19th. Investors of record on Monday, September 30th will be given a dividend of $0.145 per share on Monday, October 14th. This represents a $0.58 annualized dividend and a yield of 3.21%. The ex-dividend date is Friday, September 27th. View Steelcase's Dividend History.
How were Steelcase's earnings last quarter?
Steelcase Inc. (NYSE:SCS) released its quarterly earnings results on Friday, September, 20th. The business services provider reported $0.50 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.43 by $0.07. The business services provider earned $998 million during the quarter, compared to analyst estimates of $980.87 million. Steelcase had a return on equity of 18.13% and a net margin of 3.80%. The business's revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. 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 third quarter earnings guidance on Thursday, September, 19th. The company provided earnings per share (EPS) guidance of $0.33-0.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.35. The company issued revenue guidance of $920-945 million, compared to the consensus revenue estimate of $940.77 million.
What price target have analysts set for SCS?
2 brokers have issued twelve-month target prices for Steelcase's shares. Their forecasts range from $23.00 to $23.00. On average, they anticipate Steelcase's stock price to reach $23.00 in the next twelve months. This suggests a possible upside of 27.2% 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 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Steelcase.
Has Steelcase been receiving favorable news coverage?
News headlines about SCS stock have been trending somewhat positive recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Steelcase earned a media sentiment score of 0.6 on InfoTrie's scale. They also gave headlines about the business services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Steelcase.
Are investors shorting Steelcase?
Steelcase saw a increase in short interest in September. As of September 15th, there was short interest totalling 1,530,000 shares, an increase of 11.7% from the August 15th total of 1,370,000 shares. Based on an average daily volume of 691,900 shares, the short-interest ratio is presently 2.2 days. Currently, 1.8% of the company's shares are short sold. View Steelcase's Current Options Chain.
Who are some of Steelcase's key competitors?
Some companies that are related to Steelcase include Avery Dennison (AVY), MSA Safety (MSA), Herman Miller (MLHR), HNI (HNI), Knoll (KNL), ACCO Brands (ACCO), Interface (TILE), Pitney Bowes (PBI), Kimball International (KBAL), NL Industries (NL), CompX International (CIX) and ARC Document Solutions (ARC).
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 of 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 variety of of institutional and retail investors. Top institutional investors include SeaBridge Investment Advisors LLC (0.21%), North Star Investment Management Corp. (0.07%), Envestnet Asset Management Inc. (0.06%), Strs Ohio (0.03%), Zhang Financial LLC (0.03%) and Campbell & CO Investment Adviser LLC (0.03%). Company insiders that own Steelcase stock include Allan W Smith Jr, David C Sylvester, Eddy F Schmitt, James N Ludwig, James P Keane, Jennifer C Niemann, Lizbeth S O'shaughnessy, P Craig Welch Jr, 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 Strs Ohio, SeaBridge Investment Advisors LLC, Meeder Asset Management Inc. and Zhang Financial LLC. Company insiders that have sold Steelcase company stock in the last year include Allan W Smith Jr, David C Sylvester, Eddy F Schmitt, James P Keane, Jennifer C Niemann, Lizbeth S O'shaughnessy, P Craig Welch Jr, 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 Campbell & CO Investment Adviser LLC, Envestnet Asset Management Inc., Integrated Investment Consultants LLC, Nisa Investment Advisors LLC, North Star Investment Management Corp. and Bailard Inc.. 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, Robinhood, Fidelity and Charles Schwab.
What is Steelcase's stock price today?
One share of SCS stock can currently be purchased for approximately $18.08.
How big of a company is Steelcase?
Steelcase has a market capitalization of $2.12 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 12,700 workers across the globe.View Additional Information About Steelcase.
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.
