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-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as other products, including worktools. Its seating products comprise ergonomic task chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. The company's interior architectural products include full and partial height walls and doors. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and ceramic steel surfaces for use in various applications, including static whiteboards and chalkboards through third party fabricators and distributors, as well as workplace strategy consulting, data-driven space measurement, lease origination, furniture and asset management, and hosted event services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Turnstone, AMQ, Designtex, and PolyVision 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Office furniture, except wood
Sub-IndustryOffice Services & Supplies
SectorBusiness Services
SymbolNYSE:SCS
CUSIP85815520
Phone616-247-2710
Debt
Debt-to-Equity Ratio0.36
Current Ratio1.61
Quick Ratio1.18
Price-To-Earnings
Trailing P/E Ratio15.22
Forward P/E Ratio14.58
P/E GrowthN/A
Sales & Book Value
Annual Sales$3.06 billion
Price / Sales0.53
Cash Flow$1.4829 per share
Price / Cash9.34
Book Value$7.00 per share
Price / Book1.98
Profitability
EPS (Most Recent Fiscal Year)$0.91
Net Income$80.70 million
Net Margins2.59%
Return on Equity13.38%
Return on Assets5.97%
Miscellaneous
Employees11,700
Outstanding Shares116,690,000
Market Cap$1.63 billion
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, June 21st. Investors of record on Monday, July 2nd will be paid a dividend of $0.135 per share on Tuesday, July 17th. This represents a $0.54 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Friday, June 29th. View Steelcase's Dividend History.
How were Steelcase's earnings last quarter?
Steelcase Inc. (NYSE:SCS) announced its earnings results on Wednesday, June, 20th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The business services provider had revenue of $754 million for the quarter, compared to analyst estimates of $754.17 million. Steelcase had a net margin of 2.59% and a return on equity of 13.38%. The firm's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.15 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 second quarter earnings guidance on Wednesday, June, 20th. The company provided earnings per share guidance of $0.25-$0.30 for the period, compared to the Thomson Reuters consensus estimate of $0.28. The company issued revenue guidance of $865-$890 million, compared to the consensus revenue estimate of $813.10 million.
What price target have analysts set for SCS?
2 brokers have issued twelve-month price targets for Steelcase's stock. Their predictions range from $16.00 to $16.00. On average, they expect Steelcase's share price to reach $16.00 in the next twelve months. This suggests a possible upside of 15.5% 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.
Who are some of Steelcase's key competitors?
Some companies that are related to Steelcase include Worldline (WWLNF), ManpowerGroup (MAN), Genpact (G), Morningstar (MORN), Stericycle (SRCL), Dun & Bradstreet (DNB), Renishaw (RNSHF), Oc Oerlikon Co. Pfaeffikon (OERLF), INGENICO/ADR (INGIY), Insperity (NSP), HAVAS (HAVSF), Green Dot (GDOT), Conduent (CNDT), Cotiviti (COTV) and Ritchie Bros. Auctioneers (RBA).
Who are Steelcase's key executives?
Steelcase's management team includes the folowing people:
- Mr. James P. Keane, Pres, CEO & Director (Age 59)
- Mr. David C. Sylvester, CFO & Sr. VP (Age 53)
- Ms. Sara E. Armbruster, VP, Strategy of Research & Digital Transformation (Age 47)
- Ms. Lizbeth S. O'Shaughnessy, Chief Admin. Officer, Sr. VP, Gen. Counsel & Sec. (Age 56)
- Mr. Eddy F. Schmitt, Sr. VP of Americas (Age 46)
Has Steelcase been receiving favorable news coverage?
News coverage about SCS stock has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Steelcase earned a news impact score of 0.12 on Accern's scale. They also gave headlines about the business services provider an impact score of 45.69 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Steelcase.
Who are Steelcase's major shareholders?
Steelcase's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.97%), Cooke & Bieler LP (3.77%), Dimensional Fund Advisors LP (3.60%), Pzena Investment Management LLC (2.91%), Deprince Race & Zollo Inc. (2.51%) and LSV Asset Management (2.12%). Company insiders that own Steelcase stock include Allan W Smith Jr, Jennifer C Niemann, Peter M Wege II and Sara E Armbruster. View Institutional Ownership Trends for Steelcase.
Which major investors are selling Steelcase stock?
SCS stock was sold by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Bank of New York Mellon Corp, Voya Investment Management LLC, Greenleaf Trust, First Trust Advisors LP, Millennium Management LLC, Bank of America Corp DE and Alambic Investment Management L.P.. Company insiders that have sold Steelcase company stock in the last year include Jennifer C Niemann, Peter M Wege II and Sara E Armbruster. View Insider Buying and Selling for Steelcase.
Which major investors are buying Steelcase stock?
SCS stock was acquired by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., BlackRock Inc., Russell Investments Group Ltd., Pzena Investment Management LLC, Dimensional Fund Advisors LP, First Manhattan Co., Hammer Asset Management LLC and Schwab Charles Investment Management 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, Scottrade, Fidelity and Charles Schwab.
What is Steelcase's stock price today?
One share of SCS stock can currently be purchased for approximately $13.85.
How big of a company is Steelcase?
Steelcase has a market capitalization of $1.63 billion and generates $3.06 billion in revenue each year. The business services provider earns $80.70 million in net income (profit) each year or $0.91 on an earnings per share basis. Steelcase employs 11,700 workers across the globe.
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.
