NYSE:SCS - Steelcase Stock Price, News, & Analysis

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$16.86 +0.41 (+2.49 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$16.45
Today's Range$16.54 - $16.97
52-Week Range$13.10 - $19.35
Volume395,253 shs
Average Volume631,227 shs
Market Capitalization$1.88 billion
P/E Ratio18.53
Dividend Yield3.36%
Beta1.25
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.

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Industry, Sector and Symbol

Industry Office furniture, except wood
Sub-IndustryOffice Services & Supplies
SectorBusiness Services
CUSIP85815520
Phone616-247-2710

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.06 billion
Cash Flow$1.5713 per share
Book Value$7.32 per share

Profitability

Net Income$80.70 million

Miscellaneous

Employees11,700
Market Cap$1.88 billion
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 declared a quarterly dividend on Tuesday, December 18th. Investors of record on Friday, December 28th will be given a dividend of $0.135 per share on Monday, January 14th. This represents a $0.54 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, December 27th. View Steelcase's Dividend History.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) released its quarterly earnings data on Wednesday, December, 19th. The business services provider reported $0.36 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.06. The business services provider earned $901 million during the quarter, compared to analyst estimates of $900.30 million. Steelcase had a net margin of 3.13% and a return on equity of 15.91%. View Steelcase's Earnings History.

When is Steelcase's next earnings date?

Steelcase is scheduled to release their next quarterly earnings announcement on Tuesday, March 19th 2019. View Earnings Estimates for Steelcase.

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

Steelcase updated its fourth quarter 2019 earnings guidance on Tuesday, December, 18th. The company provided EPS guidance of $0.24-0.28 for the period. The company issued revenue guidance of $860-885 million, compared to the consensus revenue estimate of $865.63 million.

What price target have analysts set for SCS?

2 brokerages have issued 12 month price objectives for Steelcase's stock. Their forecasts range from $20.00 to $20.00. On average, they expect Steelcase's stock price to reach $20.00 in the next year. This suggests a possible upside of 18.6% 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 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Steelcase.

Has Steelcase been receiving favorable news coverage?

News headlines about SCS stock have trended somewhat negative recently, InfoTrie reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Steelcase earned a daily sentiment score of -1.1 on InfoTrie's scale. They also assigned media headlines about the business services provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Who are some of Steelcase's key competitors?

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, 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 retail and institutional investors. Top institutional shareholders include Alpha Windward LLC (0.02%), Banced Corp (0.02%), First Hawaiian Bank (0.02%), Meeder Asset Management Inc. (0.01%), State of Alaska Department of Revenue (0.01%) and Fox Run Management L.L.C. (0.01%). Company insiders that own Steelcase stock include Allan W Smith Jr, James N Ludwig, Jennifer C Niemann, Lizbeth S O'shaughnessy, 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 Alpha Windward LLC, First Hawaiian Bank and Banced Corp. Company insiders that have sold Steelcase company stock in the last year include Allan W Smith Jr, James N Ludwig, Jennifer C Niemann, Lizbeth S O'shaughnessy, 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 acquired by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc., Fox Run Management L.L.C. and State of Alaska Department of Revenue. 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 $16.86.

How big of a company is Steelcase?

Steelcase has a market capitalization of $1.88 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.

What is Steelcase's official website?

The official website for Steelcase is http://www.steelcase.com.

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)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  226 (Vote Outperform)
Underperform Votes:  245 (Vote Underperform)
Total Votes:  471
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.
This page was last updated on 1/18/2019 by MarketBeat.com Staff

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