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-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as other 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 doors. 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, AMQ, 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Office furniture, except wood
Sub-IndustryOffice Services & Supplies
SectorBusiness Services
SymbolNYSE:SCS
CUSIP85815520
Phone616-247-2710
Debt
Debt-to-Equity Ratio0.36
Current Ratio1.61
Quick Ratio1.18
Price-To-Earnings
Trailing P/E Ratio15.44
Forward P/E Ratio14.53
P/E GrowthN/A
Sales & Book Value
Annual Sales$3.06 billion
Price / Sales0.53
Cash Flow$1.4712 per share
Price / Cash9.38
Book Value$6.93 per share
Price / Book1.99
Profitability
EPS (Most Recent Fiscal Year)$0.91
Net Income$80.70 million
Net Margins2.59%
Return on Equity13.38%
Return on Assets5.97%
Miscellaneous
Employees11,700
Outstanding Shares116,690,000
Market Cap$1,639.52
Steelcase (NYSE:SCS) Frequently Asked Questions
What is Steelcase's stock symbol?
Steelcase trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCS."
How often does Steelcase pay dividends? What is the dividend yield for Steelcase?
Steelcase declared a quarterly dividend on Thursday, June 21st. Stockholders of record on Monday, July 2nd will be paid a dividend of $0.135 per share on Tuesday, July 17th. This represents a $0.54 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Friday, June 29th. View Steelcase's Dividend History.
How were Steelcase's earnings last quarter?
Steelcase Inc. (NYSE:SCS) released its earnings results on Wednesday, June, 20th. The business services provider reported $0.14 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.14. The business services provider earned $754 million during the quarter, compared to the consensus estimate of $754.17 million. Steelcase had a return on equity of 13.38% and a net margin of 2.59%. The company's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.15 EPS. View Steelcase's Earnings History.
When is Steelcase's next earnings date?
What guidance has Steelcase issued on next quarter's earnings?
Steelcase updated its second quarter earnings guidance on Wednesday, June, 20th. The company provided earnings per share guidance of $0.25-$0.30 for the period, compared to the Thomson Reuters consensus estimate of $0.28. The company issued revenue guidance of $865-$890 million, compared to the consensus revenue estimate of $813.10 million.
What price target have analysts set for SCS?
2 brokerages have issued 1-year target prices for Steelcase's stock. Their forecasts range from $16.00 to $16.00. On average, they expect Steelcase's share price to reach $16.00 in the next year. This suggests a possible upside of 15.9% from the stock's current price. View Analyst Ratings for Steelcase.
What is the consensus analysts' recommendation for Steelcase?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
Who are some of Steelcase's key competitors?
Some companies that are related to Steelcase include Xerox (XRX), Worldline (WWLNF), Stericycle (SRCL), Morningstar (MORN), INGENICO/ADR (INGIY), Genpact (G), ManpowerGroup (MAN), Renishaw (RNSHF), Oc Oerlikon Co. Pfaeffikon (OERLF), Dun & Bradstreet (DNB), HAVAS (HAVSF), Corelogic (CLGX), GDS (GDS), Brink's (BCO) and MAXIMUS (MMS).
Who are Steelcase's key executives?
Steelcase's management team includes the folowing people:
- Mr. James P. Keane, Pres, CEO & Director (Age 59)
- Mr. David C. Sylvester, CFO & Sr. VP (Age 53)
- Ms. Sara E. Armbruster, VP, Strategy of Research & Digital Transformation (Age 47)
- Ms. Lizbeth S. O'Shaughnessy, Chief Admin. Officer, Sr. VP, Gen. Counsel & Sec. (Age 56)
- Mr. Eddy F. Schmitt, Sr. VP of Americas (Age 46)
Has Steelcase been receiving favorable news coverage?
Media headlines about SCS stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Steelcase earned a news sentiment score of 0.09 on Accern's scale. They also gave media coverage about the business services provider an impact score of 45.62 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Steelcase's major shareholders?
Steelcase's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.08%). Company insiders that own Steelcase stock include Allan W Smith Jr, Jennifer C Niemann, Peter M Wege II and Sara E Armbruster. View Institutional Ownership Trends for Steelcase.
Which major investors are buying Steelcase stock?
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, Scottrade, Fidelity and Charles Schwab.
What is Steelcase's stock price today?
One share of SCS stock can currently be purchased for approximately $13.80.
How big of a company is Steelcase?
Steelcase has a market capitalization of $1.64 billion and generates $3.06 billion in revenue each year. The business services provider earns $80.70 million in net income (profit) each year or $0.91 on an earnings per share basis. Steelcase employs 11,700 workers across the globe.
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]
MarketBeat Community Rating for Steelcase (NYSE SCS)
MarketBeat's community ratings are surveys of what our community members think about Steelcase and other stocks. Vote "Outperform" if you believe SCS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SCS will underperform the S&P 500 over the long term. You may vote once every thirty days.
