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NYSE:SCS - Steelcase Stock Price, Forecast & News

$18.81
-0.16 (-0.84 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
$18.73
Now: $18.81
$18.97
50-Day Range
$18.61
MA: $19.23
$20.29
52-Week Range
$14.44
Now: $18.81
$23.02
Volume411,594 shs
Average Volume552,735 shs
Market Capitalization$2.20 billion
P/E Ratio14.47
Dividend Yield3.06%
Beta1.42
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, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools. Read More…

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$3.44 billion
Cash Flow$1.92 per share
Book Value$7.28 per share

Profitability

Net Income$126 million

Miscellaneous

Employees12,700
Market Cap$2.20 billion
Next Earnings Date3/17/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Wednesday, December 18th. Investors of record on Friday, December 27th will be given a dividend of $0.145 per share on Monday, January 13th. This represents a $0.58 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, December 26th. View Steelcase's Dividend History.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) posted its earnings results on Wednesday, December, 18th. The business services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.35 by $0.11. The business services provider had revenue of $955.20 million for the quarter, compared to the consensus estimate of $934.70 million. Steelcase had a return on equity of 19.05% and a net margin of 4.22%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business earned $0.36 earnings per share. 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 17th 2020. View Earnings Estimates for Steelcase.

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

Steelcase issued an update on its fourth quarter earnings guidance on Tuesday, December, 17th. The company provided earnings per share (EPS) guidance of $0.30-0.34 for the period, compared to the Thomson Reuters consensus estimate of $0.35. The company issued revenue guidance of $905-930 million, compared to the consensus revenue estimate of $954.00 million.

What price target have analysts set for SCS?

3 analysts have issued 12 month target prices for Steelcase's shares. Their forecasts range from $20.00 to $23.00. On average, they anticipate Steelcase's share price to reach $21.50 in the next year. This suggests a possible upside of 14.3% from the stock's current price. View Analyst Price Targets for Steelcase.

What is the consensus analysts' recommendation for Steelcase?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Steelcase.

Has Steelcase been receiving favorable news coverage?

Media stories about SCS stock have trended very negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Steelcase earned a news impact score of -3.5 on InfoTrie's scale. They also gave media headlines about the business services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Steelcase.

Are investors shorting Steelcase?

Steelcase saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,660,000 shares, an increase of 14.0% from the December 31st total of 3,210,000 shares. Based on an average daily volume of 774,500 shares, the days-to-cover ratio is presently 4.7 days. Currently, 4.3% of the shares of the company are sold short. View Steelcase's Current Options Chain.

Who are some of Steelcase's key competitors?

What other stocks do shareholders of Steelcase own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Steelcase investors own include EXACT Sciences (EXAS), NVIDIA (NVDA), AT&T (T), Venus Metals (VMC), Steel Dynamics (STLD), Pfizer (PFE), Micron Technology (MU), CVS Health (CVS), Exxon Mobil (XOM) and ChemoCentryx (CCXI).

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 of 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 number of of retail and institutional investors. Top institutional investors include Earnest Partners LLC (6.30%), LSV Asset Management (2.56%), Prudential Financial Inc. (2.07%), State Street Corp (1.64%), Renaissance Technologies LLC (1.60%) and New York State Common Retirement Fund (1.41%). Company insiders that own Steelcase stock include Allan W Smith Jr, David C Sylvester, Eddy F Schmitt, James N Ludwig, James P Keane, Jennifer C Niemann, Lizbeth S O'shaughnessy, P Craig Welch Jr, Peter M Wege II, Robert C Pew III and Sara E Armbruster. View Institutional Ownership Trends for Steelcase.

Which major investors are selling Steelcase stock?

SCS stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Westpac Banking Corp, Bank of New York Mellon Corp, Lord Abbett & CO. LLC, Greenleaf Trust, AQR Capital Management LLC, SG Americas Securities LLC and Marshall Wace LLP. Company insiders that have sold Steelcase company stock in the last year include Allan W Smith Jr, David C Sylvester, Eddy F Schmitt, James P Keane, Jennifer C Niemann, Lizbeth S O'shaughnessy, P Craig Welch Jr, Peter M Wege II, Robert C Pew III and Sara E Armbruster. View Insider Buying and Selling for Steelcase.

Which major investors are buying Steelcase stock?

SCS stock was acquired by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Acadian Asset Management LLC, Renaissance Technologies LLC, LSV Asset Management, Earnest Partners LLC, Man Group plc, Marshall Wace North America L.P. and Goldman Sachs Group Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Steelcase's stock price today?

One share of SCS stock can currently be purchased for approximately $18.81.

How big of a company is Steelcase?

Steelcase has a market capitalization of $2.20 billion and generates $3.44 billion in revenue each year. The business services provider earns $126 million in net income (profit) each year or $1.20 on an earnings per share basis. Steelcase employs 12,700 workers across the globe.View Additional Information About Steelcase.

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:  285 (Vote Outperform)
Underperform Votes:  303 (Vote Underperform)
Total Votes:  588
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 2/22/2020 by MarketBeat.com Staff

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