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Auto workers still have room to expand their strike against car makers. But they also face risks
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/18 - 9/22
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
66,000% upside on tiny biotech? (Ad)
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Auto workers still have room to expand their strike against car makers. But they also face risks
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/18 - 9/22
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
66,000% upside on tiny biotech? (Ad)
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Auto workers still have room to expand their strike against car makers. But they also face risks
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/18 - 9/22
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
66,000% upside on tiny biotech? (Ad)
Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Auto workers still have room to expand their strike against car makers. But they also face risks
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
NYSE:SCS

Steelcase (SCS) Stock Forecast, Price & News

$11.04
+0.29 (+2.70%)
(As of 09/22/2023 ET)
Compare
Today's Range
$10.82
$11.17
50-Day Range
$7.68
$11.03
52-Week Range
$6.20
$11.38
Volume
1.37 million shs
Average Volume
1.12 million shs
Market Capitalization
$1.26 billion
P/E Ratio
23.49
Dividend Yield
3.62%
Price Target
$11.00

Steelcase MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
0.4% Downside
$11.00 Price Target
Short Interest
Bearish
4.49% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.87
Upright™ Environmental Score
News Sentiment
0.64mentions of Steelcase in the last 14 days
Based on 40 Articles This Week
Insider Trading
Selling Shares
$39,200 Sold Last Quarter
Proj. Earnings Growth
17.57%
From $0.74 to $0.87 Per Share

Overall MarketRank

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

2.17 out of 5 stars

Business Services Sector

130th out of 296 stocks

Office Furniture, Except Wood Industry

2nd out of 2 stocks


SCS stock logo

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, AMQ, Coalesse, HALCON, Orangebox, Smith System, Designtex, 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 incorporated in 1912 and is headquartered in Grand Rapids, Michigan.

SCS Price History

SCS Stock News Headlines

Steelcase (NYSE:SCS) Is Due To Pay A Dividend Of $0.10
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Why Steelcase Stock Popped 21.3% This Week
StockNews.com Upgrades Steelcase (NYSE:SCS) to "Strong-Buy"
Steelcase (NYSE:SCS) Shares Gap Up on Better-Than-Expected Earnings
Why Steelcase (SCS) Might be Well Poised for a Surge
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Steelcase (SCS) Gets a Hold from Benchmark Co.
Q2 2024 Steelcase Inc Earnings Call
Steelcase Stock Jumps 27% on Good News: Too Late to Buy?
Why Steelcase Stock Is Rising Today
Why Steelcase Stock Jumped Today
Steelcase Rises On Upbeat Q2 Profit, Outlook
How To Earn $500 A Month From Steelcase After Strong Q2 Results
Dow futures edge higher; Fed decision due
Steelcase Shares Rise 3.3% on Higher 2Q Net Income
See More Headlines
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SCS Company Calendar

Ex-Dividend for 7/17 Dividend
7/05/2023
Dividend Payable
7/17/2023
Last Earnings
9/20/2023
Today
9/23/2023
Ex-Dividend for 10/13 Dividend
10/02/2023
Dividend Payable
10/13/2023
Next Earnings (Estimated)
12/18/2023
Fiscal Year End
2/29/2024

Industry, Sector and Symbol

Industry
Office furniture, except wood
Sub-Industry
Office Services & Supplies
CUSIP
85815520
Employees
12,900
Year Founded
1912

Price Target and Rating

Average Stock Price Forecast
$11.00
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
-0.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$35.30 million
Pretax Margin
2.17%

Debt

Sales & Book Value

Annual Sales
$3.23 billion
Cash Flow
$1.42 per share
Book Value
$7.31 per share

Miscellaneous

Free Float
99,502,000
Market Cap
$1.26 billion
Optionable
Optionable
Beta
1.40

Social Links

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Key Executives

  • Ms. Sara E. Armbruster (Age 52)
    Pres, CEO & Director
    Comp: $1.8M
  • Mr. David C. Sylvester (Age 58)
    Sr. VP & CFO
    Comp: $1.12M
  • Mr. Robert G. Krestakos (Age 61)
    VP of Global Operations
    Comp: $668.01k
  • Ms. Lizbeth S. O'Shaughnessy (Age 61)
    Sr. VP, Chief Admin. Officer, Gen. Counsel & Sec.
    Comp: $827.83k
  • Mr. Allan W. Smith Jr. (Age 55)
    Sr. VP & Chief Revenue Officer
    Comp: $1.03M
  • Ms. Nicole C. Mcgrath (Age 46)
    VP, Corp. Controller & Chief Accounting Officer
  • Mr. Steven Douglas Miller (Age 48)
    VP & CTO
  • Mr. Michael O'Meara
    Director of Investor Relations & Financial Planning and Analysis
  • Mr. Guillaume M. Alvarez (Age 63)
    Sr. VP of EMEA
  • Mr. Eddy F. Schmitt (Age 51)
    Sr. VP of Americas













SCS Stock - Frequently Asked Questions

Should I buy or sell Steelcase stock right now?

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

What is Steelcase's stock price forecast for 2023?

2 analysts have issued 12 month price objectives for Steelcase's shares. Their SCS share price forecasts range from $11.00 to $11.00. On average, they expect the company's share price to reach $11.00 in the next year. This suggests that the stock has a possible downside of 0.4%.
View analysts price targets for SCS
or view top-rated stocks among Wall Street analysts.

How have SCS shares performed in 2023?

Steelcase's stock was trading at $7.07 on January 1st, 2023. Since then, SCS shares have increased by 56.2% and is now trading at $11.04.
View the best growth stocks for 2023 here
.

When is Steelcase's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, December 18th 2023.
View our SCS earnings forecast
.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) released its quarterly earnings results on Wednesday, September, 20th. The business services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.11. The business services provider earned $854.60 million during the quarter, compared to analysts' expectations of $829.17 million. Steelcase had a net margin of 1.73% and a trailing twelve-month return on equity of 11.43%. Steelcase's revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share.

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

Steelcase declared a quarterly dividend on Tuesday, September 19th. Shareholders of record on Tuesday, October 3rd will be paid a dividend of $0.10 per share on Friday, October 13th. This represents a $0.40 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Monday, October 2nd.
Read our dividend analysis for SCS
.

What ETFs hold Steelcase's stock?

ETFs with the largest weight of Steelcase (NYSE:SCS) stock in their portfolio include Cultivar ETF (CVAR) and Hypatia Women CEO ETF (WCEO).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

Is Steelcase a good dividend stock?

Steelcase (NYSE:SCS) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.72%. The dividend payout ratio is 85.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SCS will have a dividend payout ratio of 45.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCS.

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

Steelcase issued an update on its FY 2024 earnings guidance on Tuesday, September, 19th. The company provided EPS guidance of $0.80-$0.90 for the period, compared to the consensus estimate of $0.67. The company issued revenue guidance of -.

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 many different retail and institutional investors. Top institutional investors include Pzena Investment Management LLC (8.71%), BlackRock Inc. (7.33%), Fifth Third Bancorp (4.56%), Dimensional Fund Advisors LP (3.84%), Douglas Lane & Associates LLC (3.20%) and Cooke & Bieler LP (2.85%). Insiders that own company stock include Eddy F Schmitt, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Peter M Wege II, 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 $11.04.

How much money does Steelcase make?

Steelcase (NYSE:SCS) has a market capitalization of $1.26 billion and generates $3.23 billion in revenue each year. The business services provider earns $35.30 million in net income (profit) each year or $0.47 on an earnings per share basis.

How many employees does Steelcase have?

The company employs 12,900 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
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 9/23/2023 by MarketBeat.com Staff

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