Steelcase (SCS) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SCS shares.
View SCS analyst ratings or view top-rated stocks.

2 analysts have issued 12 month price objectives for Steelcase's shares. Their SCS share price forecasts range from $11.00 to $11.00. On average, they expect the company's share price to reach $11.00 in the next year. This suggests that the stock has a possible downside of 0.4%.
View analysts price targets for SCS or view top-rated stocks among Wall Street analysts.

Steelcase's stock was trading at $7.07 on January 1st, 2023. Since then, SCS shares have increased by 56.2% and is now trading at $11.04.
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The company is scheduled to release its next quarterly earnings announcement on Monday, December 18th 2023.
View our SCS earnings forecast.

Steelcase Inc. (NYSE:SCS) released its quarterly earnings results on Wednesday, September, 20th. The business services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.11. The business services provider earned $854.60 million during the quarter, compared to analysts' expectations of $829.17 million. Steelcase had a net margin of 1.73% and a trailing twelve-month return on equity of 11.43%. Steelcase's revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share.

Steelcase declared a quarterly dividend on Tuesday, September 19th. Shareholders of record on Tuesday, October 3rd will be paid a dividend of $0.10 per share on Friday, October 13th. This represents a $0.40 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Monday, October 2nd.
Read our dividend analysis for SCS.

ETFs with the largest weight of Steelcase (NYSE:SCS) stock in their portfolio include Cultivar ETF (CVAR) and Hypatia Women CEO ETF (WCEO).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

Steelcase (NYSE:SCS) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.72%. The dividend payout ratio is 85.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SCS will have a dividend payout ratio of 45.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCS.

Steelcase issued an update on its FY 2024 earnings guidance on Tuesday, September, 19th. The company provided EPS guidance of $0.80-$0.90 for the period, compared to the consensus estimate of $0.67. The company issued revenue guidance of -.

248 employees have rated Steelcase Chief Executive Officer James P. Keane on Glassdoor.com. James P. Keane has an approval rating of 93% among the company's employees. This puts James P. Keane in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

Steelcase trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCS."

Steelcase's stock is owned by many different retail and institutional investors. Top institutional investors include Pzena Investment Management LLC (8.71%), BlackRock Inc. (7.33%), Fifth Third Bancorp (4.56%), Dimensional Fund Advisors LP (3.84%), Douglas Lane & Associates LLC (3.20%) and Cooke & Bieler LP (2.85%). Insiders that own company stock include Eddy F Schmitt, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Peter M Wege II, Robert G Krestakos and Sara E Armbruster.
View institutional ownership trends.

Shares of SCS stock 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.
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One share of SCS stock can currently be purchased for approximately $11.04.

Steelcase (NYSE:SCS) has a market capitalization of $1.26 billion and generates $3.23 billion in revenue each year. The business services provider earns $35.30 million in net income (profit) each year or $0.47 on an earnings per share basis.

The company employs 12,900 workers across the globe.

Steelcase's mailing address is 901 44TH STREET SE, GRAND RAPIDS MI, 49508. The official website for the company is www.steelcase.com. The business services provider can be reached via phone at (616) 247-2710, via email at investor@steelcase.com, or via fax at 616-475-2270.