NYSE:SCS

Steelcase - SCS Stock Forecast, Price & News

$12.23

+0.01 (+0.08%)

(As of 08/18/2022 12:00 AM ET)

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Today's Range: $12.18
▼
$12.30
50-Day Range: $10.21
▼
$12.37
52-Week Range: $10.19
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$14.38

Volume: 339,473 shs
Average Volume: 715,497 shs
Market Capitalization: $1.38 billion

P/E Ratio: 71.95
Dividend Yield: 4.75%
Price Target: N/A

Steelcase MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
5.10% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.87
Upright™ Environmental Score
News Sentiment: 0.30
Based on 3 Articles This Week
Insider Trading: Selling Shares
$337,800 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.90 out of 5 stars

Business Services Sector

276th out of 337 stocks

Office Furniture, Except Wood Industry

2nd out of 2 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Steelcase.

2.0

Short Interest

Percentage of Shares Shorted
5.10% of the float of Steelcase has been sold short.
Short Interest Ratio / Days to Cover
Steelcase has a short interest ratio ("days to cover") of 7.
Change versus previous month
Short interest in Steelcase has recently decreased by 3.77%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Leadership
Steelcase is a leading dividend payer. It pays a dividend yield of 4.75%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Steelcase has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Steelcase is 341.20%. Payout ratios above 75% are not desirable because they may not be sustainable.

2.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Steelcase has received a -0.71% net impact score from Upright. The largest negative impact of Steelcase in category "GHG emissions" seems to be driven mostly by its "Glass mirrors", "Acoustics engineering of offices", "Wooden tables", "Stainless steel storage bins", "Wooden storage bins", and "Retail of lighting" products. See details.
Environmental Sustainability
The Environmental Impact score for Steelcase is -1.87.

1.8

News and Social Media Coverage

News Sentiment
Steelcase has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Steelcase this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for SCS on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Steelcase to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Steelcase insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $337,800.00 in company stock.
Percentage Held by Insiders
12.77% of the stock of Steelcase is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
94.65% of the stock of Steelcase is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Steelcase is 71.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Steelcase is 71.95, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 303.80.
Price to Book Value per Share Ratio
Steelcase has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Steelcase (NYSE:SCS) Stock

Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, and mobile power and screens. Its seating products comprise task chairs; seating for collaborative environments and casual settings; and specialty seating for specific vertical markets, including education and healthcare. The company's interior architectural products comprise full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and workplace strategy consulting, lease origination, and furniture and asset management services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Designtex, Coalesse, AMQ, Smith System, Orangebox, and Viccarbe 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.

Steelcase Stock Performance

SCS opened at $12.22 on Thursday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 71.89 and a beta of 1.16. The company has a fifty day moving average of $11.09 and a 200 day moving average of $11.62. Steelcase has a fifty-two week low of $10.19 and a fifty-two week high of $14.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 1.56.

Steelcase (NYSE:SCS - Get Rating) last issued its quarterly earnings data on Wednesday, June 22nd. The business services provider reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.13. Steelcase had a net margin of 0.70% and a return on equity of 3.10%. The business had revenue of $740.70 million during the quarter.

Steelcase Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 18th. Shareholders of record on Thursday, July 7th were paid a $0.145 dividend. The ex-dividend date was Wednesday, July 6th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.75%. Steelcase's payout ratio is currently 341.20%.

Insiders Place Their Bets

In other Steelcase news, CAO Lizbeth S. O'shaughnessy sold 30,000 shares of Steelcase stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $11.26, for a total value of $337,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 288,388 shares of the company's stock, valued at approximately $3,247,248.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.77% of the company's stock.

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SCS Stock News Headlines

August 18, 2022 | forbes.com

Steelcase Calls Offer 69% Annualized Return - Forbes

August 18, 2022 | forbes.com

Selling Steelcase Call Options For 69% Annualized Return Potential Through September 16

August 12, 2022 | businesswire.com

Global Office Furniture Market Report to 2027 - Featuring Millerknoll, Steelcase, Bene and Haworth Among Others - ResearchAndMarkets.com - Business Wire

August 11, 2022 | forbes.com

Industrial Designer Michael Young Sets His Sights On China - Forbes

August 8, 2022 | forbes.com

The Best Office Chairs To Give You Maximum Support During Your Workday - Forbes

August 8, 2022 | globenewswire.com

The School Furniture Market is expected to grow by $ 288.14 mn during 2022-2026, accelerating at a CAGR of 2.88% during the forecast period - GlobeNewswire

August 8, 2022 | finance.yahoo.com

The past three years for Steelcase (NYSE:SCS) investors has not been profitable - Yahoo Finance

August 4, 2022 | finance.yahoo.com

By 2028, Demand for Global Outdoor Furniture Market Size to Surpass US$ 22.17 Bn, at a 5.7% CAGR Growth: Comprehensive Research Report by Facts & Factors - Yahoo Finance

August 4, 2022 | globenewswire.com

By 2028, Demand for Global Outdoor Furniture Market Size to Surpass US$ 22.17 Bn, at a 5.7% CAGR Growth: Comprehensive Research Report by Facts & Factors - GlobeNewswire

August 1, 2022 | globenewswire.com

Steelcase Named a Best Employer for Women by Forbes - GlobeNewswire

August 1, 2022 | finance.yahoo.com

Steelcase Named a Best Employer for Women by Forbes

July 31, 2022 | nasdaq.com

High Quality Fallen Angels Should Provide Support for 2nd Half - Nasdaq

July 29, 2022 | nasdaq.com

Is There An Opportunity With Steelcase Inc.'s (NYSE:SCS) 30% Undervaluation? - Nasdaq

July 26, 2022 | forbes.com

Secrecy Is Overrated. Particularly In Strategy Making - Forbes

July 19, 2022 | finance.yahoo.com

At US$10.48, Is Steelcase Inc. (NYSE:SCS) Worth Looking At Closely?

July 13, 2022 | businesswire.com

General Office Products Evolves, Changes Name to Acre - Business Wire

July 1, 2022 | benzinga.com

Steelcase's Ex-Dividend Date Is Wednesday, Here's What You Need To Know - Benzinga - Benzinga

June 26, 2022 | finance.yahoo.com

Steelcase (NYSE:SCS) Has Announced A Dividend Of US$0.14

June 24, 2022 | finance.yahoo.com

Is Steelcase Inc.'s (NYSE:SCS) Recent Performancer Underpinned By Weak Financials?

June 23, 2022 | marketwatch.com

Steelcase 1Q Loss Narrows on Higher Sales - MarketWatch

June 23, 2022 | finance.yahoo.com

Steelcase Reports First Quarter Fiscal 2023 Results - Yahoo Finance

June 22, 2022 | investing.com

Steelcase Tops Q1 EPS by 13c By Investing.com - Investing.com

June 22, 2022 | globenewswire.com

Steelcase Reports First Quarter Fiscal 2023 Results - GlobeNewswire

June 22, 2022 | benzinga.com

Steelcase Shares Surge On Solid Q1 Results, Clocks 33% Revenue Growth

June 21, 2022 | seekingalpha.com

Steelcase Q1 2023 Earnings Preview (NYSE:SCS) - Seeking Alpha

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SCS Company Calendar

Last Earnings: 6/22/2022
Ex-Dividend for 7/18 Dividend: 7/06/2022
Dividend Payable: 7/18/2022
Today: 8/18/2022
Next Earnings (Estimated): 9/28/2022
Fiscal Year End: 2/28/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Office furniture, except wood
Sub-Industry: Office Services & Supplies
Sector: Business Services
Current Symbol: NYSE:SCS
CUSIP: 85815520
CIK: 1050825
Web: www.steelcase.com
Phone: (616) 247-2710
Fax: 616-475-2270
Employees: 11,800
Year Founded: 1912

Profitability

EPS (Most Recent Fiscal Year): $0.17
Trailing P/E Ratio: 71.95
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $4 million
Net Margins: 0.70%
Pretax Margin: 0.83%
Return on Equity: 3.10%
Return on Assets: 1.17%

Debt

Debt-to-Equity Ratio: 0.55
Current Ratio: 1.56
Quick Ratio: 0.93

Sales & Book Value

Annual Sales: $2.77 billion
Price / Sales: 0.50
Cash Flow: $0.77 per share
Price / Cash Flow: 15.90
Book Value: $7.60 per share
Price / Book: 1.61

Miscellaneous

Outstanding Shares: 112,762,000
Free Float: 98,362,000
Market Cap: $1.38 billion
Optionable: Optionable
Beta: 1.16

Social Links

Key Executives

Ms. Sara E. Armbruster (Age 51)
Pres, CEO & Director
Comp: $958.48k

Mr. David C. Sylvester (Age 57)
Sr. VP, Principal Accounting Officer & CFO
Comp: $721.5k

Mr. Robert G. Krestakos (Age 60)
VP of Global Operations
Comp: $467.58k

Ms. Lizbeth S. O'Shaughnessy (Age 60)
Sr. VP, Chief Admin. Officer, Gen. Counsel & Sec.
Comp: $609.72k

Mr. Eddy F. Schmitt (Age 50)
Sr. VP of Americas
Comp: $479.18k

Mr. Allan W. Smith Jr. (Age 54)
Sr. VP & Chief Revenue Officer
Comp: $545.1k

Mr. Steve Douglas Miller
VP & Chief Technology Officer

Mr. Michael O'Meara
Director of Investor Relations & Financial Planning and Analysis

Mr. Ulrich Hans Eberhard Gwinner (Age 58)
Pres of Asia Pacific

Mr. Guillaume M. Alvarez (Age 62)
Sr. VP of EMEA

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SCS Stock - Frequently Asked Questions

How have SCS shares performed in 2022?: Steelcase's stock was trading at $11.72 at the beginning of 2022. Since then, SCS stock has increased by 4.4% and is now trading at $12.23.
View the best growth stocks for 2022 here.
When is Steelcase's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 28th 2022.
View our SCS earnings forecast.
How were Steelcase's earnings last quarter?: Steelcase Inc. (NYSE:SCS) posted its quarterly earnings results on Wednesday, June, 22nd. The business services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.13. The business services provider had revenue of $740.70 million for the quarter. Steelcase had a trailing twelve-month return on equity of 3.10% and a net margin of 0.70%.
How often does Steelcase pay dividends? What is the dividend yield for Steelcase?: Steelcase announced a quarterly dividend on Wednesday, June 22nd. Stockholders of record on Thursday, July 7th will be paid a dividend of $0.145 per share on Monday, July 18th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Wednesday, July 6th.
Read our dividend analysis for SCS.
Is Steelcase a good dividend stock?: Steelcase (NYSE:SCS) pays an annual dividend of $0.58 per share and currently has a dividend yield of 4.75%. SCS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 341.20%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for SCS.
What guidance has Steelcase issued on next quarter's earnings?: Steelcase updated its second quarter 2023 earnings guidance on Wednesday, July, 20th. The company provided earnings per share guidance of $0.11-$0.15 for the period, compared to the consensus earnings per share estimate of $0.23. The company issued revenue guidance of $875.00 million-$900.00 million, compared to the consensus revenue estimate of $873.14 million.
What is James P. Keane's approval rating as Steelcase's CEO?: 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.
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 number of institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (8.25%), Fifth Third Bancorp (4.82%), Cooke & Bieler LP (3.14%), Douglas Lane & Associates LLC (3.13%), State Street Corp (1.59%) and Penn Capital Management Company LLC (1.31%). Insiders that own company stock include David C Sylvester, Eddy F Schmitt, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Peter M Wege II, Robert C Pew III, Robert G Krestakos and Sara E Armbruster.
View institutional ownership trends.
How do I buy shares of Steelcase?: 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.
Compare Top Brokerages Here.
What is Steelcase's stock price today?: One share of SCS stock can currently be purchased for approximately $12.23.
How much money does Steelcase make?: Steelcase (NYSE:SCS) has a market capitalization of $1.38 billion and generates $2.77 billion in revenue each year. The business services provider earns $4 million in net income (profit) each year or $0.17 on an earnings per share basis.
How many employees does Steelcase have?: The company employs 11,800 workers across the globe.
Does Steelcase have any subsidiaries?: The following companies are subsidiares of Steelcase: AF Steelcase S.A., AMQ Solutions LLC, Orangebox Group, PolyVision Corporation, Red Thread, Red Thread Spaces LLC, Smith System Manufacturing Company, Softcare Innovations, Steelcase AG, Steelcase Asia Pacific Limited, Steelcase Canada Limited, Steelcase Czech Republic s.r.o., Steelcase Financial Services Inc., Steelcase Furniture (Dongguan) Company Limited, Steelcase Limited, Steelcase Manufacturing Sdn. Bhd., Steelcase SAS, Steelcase Trading (Shanghai) Co., Ultra Group Company, and Viccarbe Habitat S.L..
Read More
When was Steelcase founded?: Steelcase was founded in 1912.
How can I contact Steelcase?: 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.

This page (NYSE:SCS) was last updated on 8/18/2022 by MarketBeat.com Staff

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Steelcase - SCS Stock Forecast, Price & News

Steelcase MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability