NYSE:SCS - Steelcase Stock Price, Forecast & News

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

Steelcase declared a quarterly dividend on Wednesday, December 18th. Investors of record on Friday, December 27th will be paid 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 3.00%. The ex-dividend date is Thursday, December 26th. View Steelcase's Dividend History.

Steelcase Inc. (NYSE:SCS) announced its earnings results on Wednesday, December, 18th. The business services provider reported $0.46 earnings per share (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 analyst estimates of $934.70 million. Steelcase had a net margin of 4.22% and a return on equity of 19.05%. Steelcase's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share. View Steelcase's Earnings History.

Steelcase is scheduled to release their next quarterly earnings announcement on Tuesday, March 17th 2020. View Earnings Estimates for Steelcase.

Steelcase updated 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.

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 twelve months. This suggests a possible upside of 11.2% from the stock's current price. View Analyst Price Targets 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.

News articles about SCS stock have been trending negative on Tuesday, InfoTrie reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Steelcase earned a news sentiment score of -2.5 on InfoTrie's scale. They also gave news coverage about the business services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Steelcase.

Steelcase saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 3,660,000 shares, an increase of 14.0% from the December 15th total of 3,210,000 shares. Based on an average trading volume of 802,700 shares, the days-to-cover ratio is currently 4.6 days. Approximately 4.3% of the company's shares are short sold. View Steelcase's Current Options Chain.

Some companies that are related to Steelcase include Avery Dennison (AVY), MSA Safety (MSA), Herman Miller (MLHR), HNI (HNI), Knoll (KNL), Interface (TILE), ACCO Brands (ACCO), Kimball International (KBAL), Pitney Bowes (PBI), CompX International (CIX), NL Industries (NL) and ARC Document Solutions (ARC).

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

Steelcase's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Sciencast Management LP (0.04%) and Nisa Investment Advisors LLC (0.01%). 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.

SCS stock was bought by a variety of institutional investors in the last quarter, including Sciencast Management LP and Nisa Investment Advisors LLC. View Insider Buying and Selling for 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.

One share of SCS stock can currently be purchased for approximately $19.34.

Steelcase has a market capitalization of $2.27 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.

The official website for Steelcase is http://www.steelcase.com/.

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]