Steelcase 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 - NEC
- Sub-Industry: Office Services & Supplies
- Symbol: NYSE:SCS
- CUSIP: 85815520
- Web: www.steelcase.com
Capitalization:- Market Cap: $1.65 billion
- Outstanding Shares: 118,018,000
Average Prices:- 50 Day Moving Avg: $14.84
- 200 Day Moving Avg: $16.13
- 52 Week Range: $12.67 - $18.15
P/E:- Trailing P/E Ratio: 13.45
- Foreward P/E Ratio: 12.50
- P/E Growth: 1.53
Sales & Book Value:- Annual Revenue: $3.05 billion
- Price / Sales: 0.53
- Book Value: $6.69 per share
- Price / Book: 2.06
Dividend:- Annual Dividend: $0.51
- Dividend Yield: 3.7%
Profitability:- EBIDTA: $261.1 million
- Net Margins: 4.04%
- Return on Equity: 16.37%
- Return on Assets: 7.17%
Debt:- Debt-to-Equity Ratio: 0.37%
- Current Ratio: 1.66%
- Quick Ratio: 1.28%
Misc:- Average Volume: 804,352 shs.
- Beta: 1.21
- 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 Thursday, June 22nd. Stockholders of record on Monday, July 3rd will be given a dividend of $0.1275 per share on Friday, July 14th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, June 29th. View Steelcase's Dividend History.
How were Steelcase's earnings last quarter?
Steelcase Inc. (NYSE:SCS) issued its quarterly earnings data on Wednesday, June, 21st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.19 by $0.04. The company earned $735.10 million during the quarter, compared to analyst estimates of $743.27 million. Steelcase had a net margin of 4.04% and a return on equity of 16.37%. The company's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 earnings per share. View Steelcase's Earnings History.
What guidance has Steelcase issued on next quarter's earnings?
Steelcase issued an update on its second quarter earnings guidance on Wednesday, June, 21st. The company provided EPS guidance of 0.21-0.25 for the period, compared to the Thomson Reuters consensus estimate of $0.35. The company issued revenue guidance of $750-780 million, compared to the consensus revenue estimate of $793.73 million.
Where is Steelcase's stock going? Where will Steelcase's stock price be in 2017?
2 brokerages have issued twelve-month target prices 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. View Analyst Ratings for Steelcase.
Who are some of Steelcase's key competitors?
Some companies that are related to Steelcase include Ritchie Bros. Auctioneers Incorporated (RBA), Sotheby's (BID), SPDR MSCI Europe Energy UCITS ETF (STN), On Assignment (ASGN), Avis Budget Group (CAR), WageWorks (WAGE), TriNet Group (TNET), Convergys Corporation (CVG), Verifone Systems (PAY), Green Dot Corporation (GDOT), Herman Miller (MLHR), Korn/Ferry International (KFY), TeleTech Holdings (TTEC), Clear Channel Outdoor Holdings (CCO), ExlService Holdings (EXLS), Envestnet (ENV), Core-Mark Holding Company (CORE) and WNS (Holdings) Limited (WNS).
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 many different of retail and institutional investors. Top institutional investors include Greenleaf Trust (0.34%), SeaBridge Investment Advisors LLC (0.15%), Eqis Capital Management Inc. (0.08%), Strs Ohio (0.05%), Aperio Group LLC (0.04%) and Bank of Montreal Can (0.03%). 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 Alpha Windward LLC and Banced Corp. 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 bought by a variety of institutional investors in the last quarter, including Greenleaf Trust, SeaBridge Investment Advisors LLC, Legato Capital Management LLC, Bowling Portfolio Management LLC, Chevy Chase Trust Holdings Inc., North Star Investment Management Corp., Eqis Capital Management Inc. and Strs Ohio. 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 $13.75.
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 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.
Consensus Ratings for Steelcase (NYSE:SCS) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 1 Buy Rating |
| Consensus Rating: | Buy (Score: 2.50) |
| Consensus Price Target: | $16.00 (16.36% upside) |
Analysts' Ratings History for Steelcase (NYSE:SCS)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/23/2017 | Raymond James Financial, Inc. | Reiterated Rating | Strong-Buy -> Outperform | $19.00 -> $16.00 | High |  |
| 11/4/2016 | Seaport Global Securities | Initiated Coverage | Neutral | | N/A | |
(Data available from 7/27/2015 forward)
Earnings History for Steelcase (NYSE:SCS)Earnings History by Quarter for Steelcase (NYSE SCS)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 6/21/2017 | Q1 2018 | $0.19 | $0.15 | $743.27 million | $735.10 million | View | N/A | |
| 3/21/2017 | Q4 2017 | $0.23 | $0.22 | $750.83 million | $769.10 million | View | N/A | |
| 12/20/2016 | Q317 | $0.31 | $0.34 | $787.25 million | $786.50 million | View | N/A | |
| 9/21/2016 | Q217 | $0.32 | $0.32 | $785.30 million | $758.00 million | View | N/A | |
| 3/22/2016 | Q4 | $0.21 | $0.64 | $737.80 million | $747.90 million | View | Listen | |
| 12/21/2015 | Q316 | $0.33 | $0.30 | $813.20 million | $787.60 million | View | N/A | |
| 9/23/2015 | Q216 | $0.32 | $0.35 | $794.50 million | $819.00 million | View | Listen | |
| 6/24/2015 | Q216 | $0.15 | $0.17 | $706.50 million | $705.50 million | View | N/A | |
| 3/24/2015 | Q415 | $0.20 | $0.21 | $769.07 million | $749.90 million | View | N/A | |
| 12/22/2014 | Q315 | $0.26 | $0.29 | $826.80 million | $800.00 million | View | N/A | |
| 9/23/2014 | Q215 | $0.23 | $0.27 | $782.00 million | $786.70 million | View | N/A | |
| 6/26/2014 | Q115 | $0.16 | $0.12 | $728.73 million | $723.10 million | View | N/A | |
| 3/25/2014 | Q414 | $0.17 | $0.18 | $773.77 million | $779.40 million | View | N/A | |
| 12/18/2013 | Q3 | $0.26 | $0.18 | $781.27 million | $784.80 million | View | Listen | |
| 9/18/2013 | Q2 2014 | $0.26 | $0.22 | $773.33 million | $757.60 million | View | N/A | |
| 6/19/2013 | Q1 2014 | $0.13 | $0.10 | $689.93 million | $667.10 million | View | N/A | |
| 3/27/2013 | Q4 2013 | $0.19 | $0.19 | $709.47 million | $721.40 million | View | N/A | |
| 12/19/2012 | Q3 2013 | $0.21 | $0.22 | $722.10 million | $727.20 million | View | N/A | |
| 9/19/2012 | Q213 | $0.19 | $0.25 | $728.30 million | $744.90 million | View | N/A | |
| 6/20/2012 | | $0.13 | $0.13 | | | View | N/A | |
| 3/22/2012 | | $0.16 | $0.14 | | | View | N/A | |
| 12/21/2011 | | $0.19 | $0.19 | | | View | N/A | |
| 9/21/2011 | | $0.17 | $0.15 | | | View | N/A | |
| 6/22/2011 | | $0.05 | $0.10 | | | View | N/A | |
| 3/23/2011 | | $0.08 | $0.11 | | | View | N/A | |
| 12/16/2010 | | $0.14 | $0.18 | $644.27 million | $672.60 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Steelcase (NYSE:SCS)2017 EPS Consensus Estimate: $0.55
2018 EPS Consensus Estimate: $1.20
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q3 2017 | 1 | $0.31 | $0.31 | $0.31 |
| Q4 2017 | 1 | $0.24 | $0.24 | $0.24 |
| Q1 2018 | 1 | $0.18 | $0.18 | $0.18 |
| Q2 2018 | 1 | $0.37 | $0.37 | $0.37 |
| Q3 2018 | 1 | $0.34 | $0.34 | $0.34 |
| Q4 2018 | 1 | $0.31 | $0.31 | $0.31 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Steelcase (NYSE:SCS)| Most Recent Dividend: | 7/14/2017 |
| Annual Dividend: | $0.51 |
| Dividend Yield: | 3.71% |
| Dividend Growth: | 16.30% (3 Year Average) |
| Payout Ratio: | 50.50% (Trailing 12 Months of Earnings)
53.68% (Based on This Year's Estimates)
46.36% (Based on Next Year's Estimates)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Steelcase (NYSE SCS)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 6/22/2017 | quarterly | $0.13 | 3.62% | 6/29/2017 | 7/3/2017 | 7/14/2017 |
| 3/22/2017 | quarterly | $0.13 | 3.1% | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 12/21/2016 | quarterly | $0.12 | 2.71% | 12/29/2016 | 1/3/2017 | 1/13/2017 |
| 9/21/2016 | Quarterly | $0.12 | 3.31% | 9/30/2016 | 10/4/2016 | 10/14/2016 |
| 6/23/2016 | quarterly | $0.12 | 3.32% | 6/30/2016 | 7/5/2016 | 7/15/2016 |
| 3/23/2016 | quarterly | $0.12 | 3.16% | 3/31/2016 | 4/4/2016 | 4/14/2016 |
| 12/22/2015 | quarterly | $0.11 | 3.09% | 1/5/2016 | 1/7/2016 | 1/15/2016 |
| 9/23/2015 | quarterly | $0.11 | 2.47% | 10/1/2015 | 10/5/2015 | 10/15/2015 |
| 6/24/2015 | quarterly | $0.11 | 2.31% | 7/1/2015 | 7/6/2015 | 7/15/2015 |
| 3/25/2015 | quarterly | $0.11 | 2.28% | 4/1/2015 | 4/6/2015 | 4/15/2015 |
| 12/23/2014 | quarterly | $0.11 | 2.32% | 12/30/2014 | 1/2/2015 | 1/15/2015 |
| 9/25/2014 | quarterly | $0.11 | 2.51% | 10/2/2014 | 10/6/2014 | 10/16/2014 |
| 6/26/2014 | quarterly | $0.11 | 2.71% | 7/2/2014 | 7/7/2014 | 7/16/2014 |
| 3/26/2014 | quarterly | $0.11 | 2.58% | 4/2/2014 | 4/4/2014 | 4/14/2014 |
| 12/18/2013 | quarterly | $0.10 | 2.49% | 12/26/2013 | 12/30/2013 | 1/13/2014 |
| 9/19/2013 | quarterly | $0.10 | 2.54% | 9/26/2013 | 9/30/2013 | 10/11/2013 |
| 6/20/2013 | quarterly | $0.10 | 2.84% | 6/27/2013 | 7/1/2013 | 7/12/2013 |
| 3/29/2013 | quarterly | $0.10 | 2.72% | 4/4/2013 | 4/8/2013 | 4/15/2013 |
| 12/9/2012 | quarterly | $0.09 | 3.13% | 12/13/2012 | 12/17/2012 | 12/28/2012 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Steelcase (NYSE:SCS)Insider Ownership Percentage: 18.87%
Institutional Ownership Percentage: 65.60%
Insider Trades by Quarter for Steelcase (NYSE:SCS)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 7/14/2017 | Peter M Wege II | Director | Sell | 14,400 | $13.81 | $198,864.00 | |
| 12/23/2016 | Allan W Smith Jr | VP | Sell | 5,632 | $17.55 | $98,841.60 | |
| 6/29/2016 | Sara E Armbruster | VP | Sell | 14,000 | $13.50 | $189,000.00 | |
| 6/29/2015 | David C Sylvester | CFO | Sell | 32,413 | $19.52 | $632,701.76 | |
| 10/9/2014 | R David Hoover | Director | Buy | 5,000 | $15.31 | $76,550.00 | |
| 10/1/2014 | Sara E Armbruster | VP | Sell | 15,000 | $15.90 | $238,500.00 | |
| 7/15/2014 | James P Hackett | Director | Sell | 3,000 | $15.29 | $45,870.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Steelcase (NYSE:SCS)
Latest Headlines for Steelcase (NYSE:SCS)
| Source: |
|
| Date | Headline |
|---|
 | Analysts Anticipate Steelcase Inc. (NYSE:SCS) Will Announce Quarterly Sales of $757.40 Million
www.americanbankingnews.com - July 26 at 10:36 AM |
 | Steelcase Becomes Oversold
www.nasdaq.com - July 25 at 6:29 AM |
| Steelcase Inc. (NYSE:SCS) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - July 24 at 8:28 PM |
| Steelcase Inc. (NYSE:SCS) Stock Rating Lowered by TheStreet
www.americanbankingnews.com - July 23 at 9:26 PM |
| Head to Head Analysis: Knoll (KNL) and Steelcase (NYSE:SCS)
www.americanbankingnews.com - July 21 at 10:16 AM |
| Steelcase Inc. (NYSE:SCS) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - July 18 at 5:02 PM |
 | Cramer: The Office Furniture Space Is Overlooked But There Are Lots Of Opportunities
www.benzinga.com - July 15 at 8:25 AM |
| Steelcase Inc. (SCS) Director Sells $198,864.00 in Stock
www.americanbankingnews.com - July 14 at 8:24 PM |
 | Cramer takes on the office space to see which furniture g...
finance.yahoo.com - July 14 at 8:12 AM |
| Cramer 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 |
| Which furniture giant rises above the rest
finance.yahoo.com - July 14 at 8:11 AM |
| Steelcase: Cramer's Top Takeaways
finance.yahoo.com - July 14 at 8:11 AM |
 | Cramer takes on the office space to see which furniture giant rises above the rest
www.cnbc.com - July 13 at 6:34 PM |
| ETFs with exposure to Steelcase, Inc. : July 10, 2017
finance.yahoo.com - July 11 at 7:27 AM |
 | New Stocks For Safest Dividend Yields Model Portfolio: June 2017
seekingalpha.com - July 8 at 2:18 PM |
| Bear of the Day: Steelcase Inc. (SCS)
finance.yahoo.com - July 5 at 10:29 AM |
 | Bear of the Day: Steelcase Inc. (SCS)
www.zacks.com - July 5 at 10:29 AM |
| Earnings Review and Free Research Report: Steelcase Revenue Grew 4% on an Organic Basis
finance.yahoo.com - July 5 at 10:29 AM |
| Diodes and Steelcase highlighted as Zacks Bull and Bear of the Day
finance.yahoo.com - July 5 at 10:29 AM |
| Steelcase Inc. (SCS) Expected to Post Quarterly Sales of $757.40 Million
www.americanbankingnews.com - June 30 at 1:47 PM |
| Head to Head Review: RealD (RLD) vs. Steelcase (SCS)
www.americanbankingnews.com - June 30 at 10:09 AM |
| Why Steelcase Inc. (SCS) Could be Positioned for a Slump
finance.yahoo.com - June 30 at 6:33 AM |
| Steelcase Inc. Annual Meeting of Shareholders Announced
finance.yahoo.com - June 29 at 6:46 AM |
| Steelcase Inc. (SCS) Expected to Announce Earnings of $0.23 Per Share
www.americanbankingnews.com - June 28 at 4:14 PM |
| Steelcase Inc. (SCS) Cut to Strong Sell at Zacks Investment Research
www.americanbankingnews.com - June 28 at 7:40 AM |
| ETFs with exposure to Steelcase, Inc. : June 27, 2017
finance.yahoo.com - June 27 at 7:48 PM |
| Steelcase, Inc. :SCS-US: Earnings Analysis: Q1, 2018 By the Numbers : June 26, 2017
finance.yahoo.com - June 27 at 8:11 AM |
| Steelcase Inc. (SCS) Rating Lowered to Sell at BidaskClub
www.americanbankingnews.com - June 23 at 5:54 PM |
| Steelcase Inc. (SCS) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - June 23 at 5:26 PM |
 | Steelcase Inc. (SCS) Dropped To A 7-Month Low After Weak Q1 Report
www.rttnews.com - June 23 at 9:52 AM |
| Edited Transcript of SCS earnings conference call or presentation 22-Jun-17 12:30pm GMT
finance.yahoo.com - June 23 at 9:52 AM |
| Steelcase Inc. (SCS) Earns Outperform Rating from Raymond James Financial, Inc.
www.americanbankingnews.com - June 23 at 9:04 AM |
| Reviewing HNI Corporation (HNI) and Steelcase (SCS)
www.americanbankingnews.com - June 23 at 8:14 AM |
| Steelcase Inc. Declares Quarterly Dividend of $0.13 (SCS)
www.americanbankingnews.com - June 22 at 5:46 PM |
 | Why Steelcase, Inc. Stock Plunged Today
www.fool.com - June 22 at 4:32 PM |
| 11 Biggest Mid-Day Losers For Thursday
feeds.benzinga.com - June 22 at 2:07 PM |
 | Why Ford Motor Company (F) Stock Still Isn’t Cheap Enough
investorplace.com - June 22 at 12:45 PM |
 | Steelcase shares plunge after office-furnishing company's earnings miss
www.marketwatch.com - June 22 at 12:45 PM |
| Steelcase Inc. (SCS) Has Dropped To A 7-Month Low After Q1 Miss
www.nasdaq.com - June 22 at 12:45 PM |
| 3 Stocks to Watch on Thursday: Oracle Corporation (ORCL), Weibo Corp (ADR) (WB) and Steelcase Inc. (SCS)
investorplace.com - June 22 at 8:18 AM |
| Steelcase Inc. (SCS) Issues Earnings Results
www.americanbankingnews.com - June 21 at 9:02 PM |
| Steelcase Inc. (SCS) Updates Q2 Earnings Guidance
www.americanbankingnews.com - June 21 at 5:14 PM |
| Steelcase Reports First Quarter Results
feeds.benzinga.com - June 21 at 4:49 PM |
| Head-To-Head Survey: Steelcase (SCS) & HNI Corporation (HNI)
www.americanbankingnews.com - June 21 at 12:10 PM |
| Steelcase, Inc. breached its 50 day moving average in a Bearish Manner : SCS-US : June 20, 2017
finance.yahoo.com - June 21 at 5:01 AM |
| Steelcase and Microsoft Showcase Technology-Enabled Spaces Designed to Boost Creative Work at NeoCon 2017
feeds.benzinga.com - June 13 at 11:56 AM |
| Financial Review: Steelcase (SCS) and Essendant (ESND)
www.americanbankingnews.com - June 12 at 9:30 AM |
| Steelcase Inc. (SCS) Expected to Announce Quarterly Sales of $744.60 Million
www.americanbankingnews.com - June 4 at 8:42 AM |
| Steelcase Inc. (SCS) Downgraded to Hold at ValuEngine
www.americanbankingnews.com - June 3 at 11:33 AM |
| Steelcase, Inc. – Value Analysis (NYSE:SCS) : June 2, 2017
finance.yahoo.com - June 3 at 12:03 AM |
Steelcase (SCS) Chart for Thursday, July, 27, 2017
