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.
Steelcase Stock Performance
SCS opened at $12.22 on Thursday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 71.89 and a beta of 1.16. The company has a fifty day moving average of $11.09 and a 200 day moving average of $11.62. Steelcase has a fifty-two week low of $10.19 and a fifty-two week high of $14.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 1.56.
Steelcase (NYSE:SCS - Get Rating) last issued its quarterly earnings data on Wednesday, June 22nd. The business services provider reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.13. Steelcase had a net margin of 0.70% and a return on equity of 3.10%. The business had revenue of $740.70 million during the quarter.
Steelcase Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 18th. Shareholders of record on Thursday, July 7th were paid a $0.145 dividend. The ex-dividend date was Wednesday, July 6th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.75%. Steelcase's payout ratio is currently 341.20%.
Insiders Place Their Bets
In other Steelcase news, CAO Lizbeth S. O'shaughnessy sold 30,000 shares of Steelcase stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $11.26, for a total value of $337,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 288,388 shares of the company's stock, valued at approximately $3,247,248.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.77% of the company's stock.