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NYSE:SCSSteelcase Stock Price, Forecast & News

$11.51
+0.39 (+3.51 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$11.18
Now: $11.51
$11.82
50-Day Range
$8.22
MA: $10.10
$11.51
52-Week Range
$7.02
Now: $11.51
$23.02
Volume994,100 shs
Average Volume719,641 shs
Market Capitalization$1.32 billion
P/E Ratio6.93
Dividend Yield2.43%
Beta1.61
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. 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 company'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, Turnstone, Smith System, AMQ, Orangebox, Designtex, and PolyVision 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.06 out of 5 stars


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$3.72 billion
Cash Flow$2.27 per share
Book Value$8.28 per share

Profitability

Net Income$199.70 million

Miscellaneous

Employees12,700
Market Cap$1.32 billion
Next Earnings Date6/17/2020 (Estimated)
OptionableOptionable

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Steelcase (NYSE:SCS) Frequently Asked Questions

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

Steelcase's stock was trading at $13.42 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SCS stock has decreased by 14.2% and is now trading at $11.51. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Steelcase?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Steelcase.

When is Steelcase's next earnings date?

Steelcase is scheduled to release its next quarterly earnings announcement on Wednesday, June 17th 2020. View our earnings forecast for Steelcase.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) issued its quarterly earnings results on Wednesday, March, 25th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. The business services provider earned $946.20 million during the quarter, compared to the consensus estimate of $914.80 million. Steelcase had a return on equity of 19.81% and a net margin of 5.36%. Steelcase's revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. View Steelcase's earnings history.

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

Steelcase declared a quarterly dividend on Tuesday, March 24th. Stockholders of record on Friday, April 3rd will be given a dividend of $0.07 per share on Friday, April 17th. This represents a $0.28 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, April 2nd. View Steelcase's dividend history.

What price target have analysts set for SCS?

4 equities research analysts have issued twelve-month target prices for Steelcase's stock. Their forecasts range from $10.00 to $23.00. On average, they anticipate Steelcase's share price to reach $16.50 in the next twelve months. This suggests a possible upside of 43.4% from the stock's current price. View analysts' price targets for Steelcase.

Has Steelcase been receiving favorable news coverage?

News headlines about SCS stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. 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 daily sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the business services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutSteelcase.

Are investors shorting Steelcase?

Steelcase saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,280,000 shares, a decline of 16.8% from the April 15th total of 2,740,000 shares. Based on an average trading volume of 879,900 shares, the short-interest ratio is presently 2.6 days. Currently, 2.7% of the shares of the stock 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), Pfizer (PFE), Steel Dynamics (STLD), Venus Metals (VMC), AT&T (T), ChemoCentryx (CCXI), CVS Health (CVS), Micron Technology (MU) and Exxon Mobil (XOM).

Who are Steelcase's key executives?

Steelcase's management team includes the following 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)

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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.63%), Wellington Management Group LLP (3.22%), State Street Corp (1.67%), New York State Common Retirement Fund (1.45%), Nuveen Asset Management LLC (1.12%) and Geode Capital Management LLC (1.08%). 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 institutional investors are selling Steelcase stock?

SCS stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., Wellington Management Group LLP, Lord Abbett & CO. LLC, Two Sigma Investments LP, Cipher Capital LP, Geode Capital Management LLC, and HighTower Advisors LLC. Company insiders that have sold Steelcase company stock in the last year include David C Sylvester, Eddy F Schmitt, James P Keane, Jennifer C Niemann, Lizbeth S O'shaughnessy, Peter M Wege II, Robert C Pew III, and Sara E Armbruster. View insider buying and selling activity for Steelcase.

Which institutional investors are buying Steelcase stock?

SCS stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Matarin Capital Management LLC, Grantham Mayo Van Otterloo & Co. LLC, JPMorgan Chase & Co., Dynamic Technology Lab Private Ltd, APG Asset Management N.V., Two Sigma Advisers LP, and Bowling Portfolio Management LLC. View insider buying and selling activity 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 $11.51.

How big of a company is Steelcase?

Steelcase has a market capitalization of $1.32 billion and generates $3.72 billion in revenue each year. Steelcase employs 12,700 workers across the globe.

What is Steelcase's official website?

The official website for Steelcase is 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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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