S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
NYSE:SCS

Steelcase (SCS) Stock Forecast, Price & News

$12.09
+0.42 (+3.60%)
(As of 05/17/2022 04:00 PM ET)
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Today's Range
$11.85
$12.13
50-Day Range
$10.94
$12.38
52-Week Range
$10.66
$15.84
Volume
480,926 shs
Average Volume
802,549 shs
Market Capitalization
$1.36 billion
P/E Ratio
403.13
Dividend Yield
4.97%
Beta
1.18
30 days | 90 days | 365 days | Advanced Chart
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Steelcase logo

About Steelcase

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.

Headlines

Steelcase (NYSE:SCS) Sees Strong Trading Volume
Steelcase declares $0.145 dividend - Seeking Alpha
See More Headlines

Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$2.77 billion
Cash Flow
$0.81 per share
Book Value
$7.60 per share

Profitability

Net Income
$4 million
Pretax Margin
0.06%

Debt

Price-To-Earnings

Miscellaneous

Free Float
97,819,000
Market Cap
$1.36 billion
Optionable
Optionable

Company Calendar

Last Earnings
3/23/2022
Ex-Dividend for 4/14 Dividend
4/01/2022
Dividend Payable
4/14/2022
Today
5/18/2022
Next Earnings (Estimated)
6/22/2022
Fiscal Year End
2/28/2023

Social Links


MarketRank

Overall MarketRank

1.88 out of 5 stars

Business Services Sector

224th out of 463 stocks

Office Furniture, Except Wood Industry

1st out of 2 stocks

Analyst Opinion: 0.0Community Rank: 4.4Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 0.0 5 -4 -3 -2 -1 -













Steelcase (NYSE:SCS) Frequently Asked Questions

When is Steelcase's next earnings date?

Steelcase is scheduled to release its next quarterly earnings announcement on Wednesday, June 22nd 2022.
View our earnings forecast for Steelcase
.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) issued its quarterly earnings results on Wednesday, March, 23rd. The business services provider reported ($0.02) earnings per share for the quarter. The business services provider earned $753.10 million during the quarter, compared to analysts' expectations of $751.68 million. Steelcase had a trailing twelve-month return on equity of 0.45% and a net margin of 0.14%. Steelcase's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share.
View Steelcase's earnings history
.

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

Steelcase announced a quarterly dividend on Wednesday, March 23rd. Shareholders of record on Monday, April 4th will be paid a dividend of $0.145 per share on Thursday, April 14th. This represents a $0.58 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Friday, April 1st.
View Steelcase's dividend history
.

Is Steelcase a good dividend stock?

Steelcase pays an annual dividend of $0.58 per share and currently has a dividend yield of 4.97%. SCS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Steelcase does not yet have a strong track record of dividend growth. The dividend payout ratio of Steelcase is 1,933.98%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Steelcase's dividend history.

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

Steelcase updated its FY 2023 earnings guidance on Wednesday, April, 20th. The company provided earnings per share (EPS) guidance of $0.500-$0.700 for the period, compared to the consensus earnings per share estimate of $0.610. The company issued revenue guidance of -.

Who are Steelcase's key executives?
Steelcase's management team includes the following people:
  • Ms. Sara E. Armbruster, Pres, CEO & Director (Age 51, Pay $688.98k)
  • Mr. David C. Sylvester, Sr. VP, Principal Accounting Officer & CFO (Age 57, Pay $1.02M)
  • Ms. Lizbeth S. O'Shaughnessy, Sr. VP, Chief Admin. Officer, Gen. Counsel & Sec. (Age 60, Pay $784.76k)
  • Mr. Allan W. Smith Jr., Sr. VP & Chief Revenue Officer (Age 54, Pay $603.66k)
  • Mr. Robert G. Krestakos, VP of Global Operations (Age 60)
  • 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, Pres of Asia Pacific (Age 58)
  • Mr. Guillaume M. Alvarez, Sr. VP of EMEA (Age 62)
  • Mr. Eddy F. Schmitt, Sr. VP of Americas (Age 50)
What is James P. Keane's approval rating as Steelcase's CEO?

248 employees have rated Steelcase CEO James P. Keane on Glassdoor.com. James P. Keane has an approval rating of 93% among Steelcase'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 variety of retail and institutional investors. Top institutional investors include Pzena Investment Management LLC (7.04%), BlackRock Inc. (7.04%), Earnest Partners LLC (6.80%), Vanguard Group Inc. (6.09%), Dimensional Fund Advisors LP (3.69%) and Cooke & Bieler LP (3.16%). Company insiders that own Steelcase stock include Eddy F Schmitt, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters and Robert G Krestakos.
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 Vanguard Group Inc., JPMorgan Chase & Co., State Street Corp, Northern Trust Corp, Earnest Partners LLC, Cooke & Bieler LP, UBS Group AG, and Renaissance Technologies LLC. Company insiders that have sold Steelcase company stock in the last year include Guillaume M Alvarez, Jennifer C Niemann, and Kate P Wolters.
View insider buying and selling activity for Steelcase
or view top insider-selling stocks.

Which institutional investors are buying Steelcase stock?

SCS stock was acquired by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Invesco Ltd., Russell Investments Group Ltd., Victory Capital Management Inc., Easterly Investment Partners LLC, BlackRock Inc., Advisors Asset Management Inc., and Douglas Lane & Associates LLC.
View insider buying and selling activity for Steelcase
or or view top insider-buying stocks.

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 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 $12.09.

How much money does Steelcase make?

Steelcase has a market capitalization of $1.36 billion and generates $2.77 billion in revenue each year. The business services provider earns $4 million in net income (profit) each year or $0.029990 on an earnings per share basis.

How many employees does Steelcase have?

Steelcase 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..

When was Steelcase founded?

Steelcase was founded in 1912.

What is Steelcase's official website?

The official website for Steelcase is 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, via email at [email protected], or via fax at 616-475-2270.

This page was last updated on 5/18/2022 by MarketBeat.com Staff

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