NYSE:SCS

Steelcase Stock Forecast, Price & News

$14.03
-0.21 (-1.47 %)
(As of 04/13/2021 01:04 PM ET)
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Today's Range
$14.02
Now: $14.03
$14.23
50-Day Range
$13.27
MA: $14.91
$16.59
52-Week Range
$8.55
Now: $14.03
$16.84
Volume6,182 shs
Average Volume679,650 shs
Market Capitalization$1.61 billion
P/E Ratio19.76
Dividend Yield2.80%
Beta1.56
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 firm'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 work tools and screens. 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 firm's interior architectural products include full and partial height walls and architectural pods. 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, Smith System, AMQ, Turnstone, Orangebox, Designtex, and PolyVision brands. Steelcase was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI.
Steelcase logo

Industry, Sector and Symbol

Industry Office furniture, except wood
Sub-IndustryOffice Services & Supplies
CUSIP85815520
Phone(616) 247-2710
Employees12,700
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.72 billion
Cash Flow$2.37 per share
Book Value$8.25 per share

Profitability

Net Income$199.70 million

Miscellaneous

Market Cap$1.61 billion
Next Earnings Date6/29/2021 (Estimated)
OptionableOptionable

Headlines

Is-Ugly Duckling Steelcase Ready To Fly 
March 24, 2021 |  marketbeat.com
Steelcase (NYSE:SCS) Stock Price Down 6.6%
March 25, 2021 |  americanbankingnews.com
Steelcase Inc. (NYSE:SCS) to Issue $0.10 Quarterly Dividend
March 25, 2021 |  americanbankingnews.com
Steelcase: Fiscal Q4 Earnings Snapshot
March 24, 2021 |  finance.yahoo.com
Steelcase (NYSE:SCS) Issues Earnings Results
March 24, 2021 |  americanbankingnews.com
Steelcase: Q4 Earnings Insights - Yahoo Finance
March 23, 2021 |  finance.yahoo.com
Steelcase (NYSE:SCS) Updates Q1 Earnings Guidance
March 23, 2021 |  americanbankingnews.com
Steelcase declares $0.10 dividend
March 23, 2021 |  seekingalpha.com
See More Headlines

MarketRank

Overall MarketRank

1.65 out of 5 stars

Business Services Sector

79th out of 441 stocks

Office Furniture, Except Wood Industry

1st out of 3 stocks

Analyst Opinion: 1.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$14.03
-0.21 (-1.47 %)
(As of 04/13/2021 01:04 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Steelcase (NYSE:SCS) Frequently Asked Questions

Is Steelcase a buy right now?

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

What stocks does MarketBeat like better than Steelcase?

Wall Street analysts have given Steelcase a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Steelcase wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Steelcase?

Steelcase saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,230,000 shares, a decrease of 24.1% from the March 15th total of 1,620,000 shares. Based on an average trading volume of 659,100 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.5% of the company's shares are short sold.
View Steelcase's Short Interest
.

When is Steelcase's next earnings date?

Steelcase is scheduled to release its next quarterly earnings announcement on Tuesday, June 29th 2021.
View our earnings forecast for Steelcase
.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) posted its quarterly earnings results on Monday, March, 22nd. The business services provider reported $0.06 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.01) by $0.07. The business services provider earned $677.10 million during the quarter, compared to analysts' expectations of $650.40 million. Steelcase had a net margin of 3.00% and a trailing twelve-month return on equity of 10.77%. The business's revenue was down 28.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS.
View Steelcase's earnings history
.

How has Steelcase's stock been impacted by COVID-19 (Coronavirus)?

Steelcase's stock was trading at $13.42 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SCS stock has increased by 4.5% and is now trading at $14.03.
View which stocks have been most impacted by COVID-19
.

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

Steelcase declared a quarterly dividend on Tuesday, March 23rd. Shareholders of record on Monday, April 5th will be paid a dividend of $0.10 per share on Thursday, April 15th. This represents a $0.40 annualized dividend and a yield of 2.85%. The ex-dividend date is Thursday, April 1st.
View Steelcase's dividend history
.

Is Steelcase a good dividend stock?

Steelcase pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.80%. Steelcase does not yet have a strock track record of dividend growth. The dividend payout ratio of Steelcase is 26.67%. This payout ratio is at a healthy, sustainable level, below 75%.
View Steelcase's dividend history.

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

Steelcase updated its first quarter earnings guidance on Tuesday, March, 23rd. The company provided earnings per share (EPS) guidance of ($0.27)-($0.34) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.10). The company issued revenue guidance of $540-570 million, compared to the consensus revenue estimate of $580.25 million.

What price target have analysts set for SCS?

2 brokers have issued 1-year price targets for Steelcase's shares. Their forecasts range from $12.00 to $12.00. On average, they anticipate Steelcase's share price to reach $12.00 in the next year. This suggests that the stock has a possible downside of 14.5%.
View analysts' price targets for Steelcase
or view top-rated stocks among Wall Street analysts.

Who are Steelcase's key executives?

Steelcase's management team includes the following people:
  • James P. Keane, President, Chief Executive Officer & Director
  • Bob Krestakos, Vice President-Global Operations
  • David C. Sylvester, Chief Financial Officer & Senior Vice President
  • Beth O'Shaughnessy, Secretary, CAO, Senior VP & General Counsel
  • Guillaume M. Alvarez, Senior VP-Europe, Middle East & African Region

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.

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 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 institutional and retail investors. Top institutional shareholders include Thompson Investment Management Inc. (0.19%) and First Hawaiian Bank (0.03%). Company insiders that own Steelcase stock 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 institutional ownership trends for Steelcase
.

Which major investors are buying Steelcase stock?

SCS stock was bought by a variety of institutional investors in the last quarter, including Thompson Investment Management Inc., and First Hawaiian Bank.
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 $14.03.

How much money does Steelcase make?

Steelcase has a market capitalization of $1.61 billion and generates $3.72 billion in revenue each year. The business services provider earns $199.70 million in net income (profit) each year or $1.50 on an earnings per share basis.

How many employees does Steelcase have?

Steelcase employs 12,700 workers across the globe.

What is Steelcase's official website?

The official website for Steelcase is www.steelcase.com.

Where are Steelcase's headquarters?

Steelcase is headquartered at 901 44TH STREET SE, GRAND RAPIDS MI, 49508.

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]


This page was last updated on 4/13/2021 by MarketBeat.com Staff
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