NYSE:SCS - Steelcase Stock Price, Price Target & More

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$13.85 -0.05 (-0.36 %)
(As of 07/23/2018 06:00 AM ET)
Previous Close$13.85
Today's Range$13.80 - $14.00
52-Week Range$12.50 - $15.90
Volume287,887 shs
Average Volume675,498 shs
Market Capitalization$1.62 billion
P/E Ratio15.22
Dividend Yield3.90%
Beta1.32
Steelcase logoSteelcase 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.

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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 Ratio15.22
Forward P/E Ratio14.58
P/E GrowthN/A

Sales & Book Value

Annual Sales$3.06 billion
Price / Sales0.53
Cash Flow$1.4989 per share
Price / Cash9.24
Book Value$6.93 per share
Price / Book2.00

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$1,616.18

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. Shareholders 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 yield of 3.90%. The ex-dividend date is Friday, June 29th. View Steelcase's Dividend History.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) posted its quarterly earnings results on Wednesday, June, 20th. The business services provider reported $0.14 EPS for the quarter, meeting analysts' consensus estimates of $0.14. The business services provider earned $754 million during the quarter, compared to analyst estimates of $754.17 million. Steelcase had a net margin of 2.59% and a return on equity of 13.38%. Steelcase's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.15 earnings per share. View Steelcase's Earnings History.

When is Steelcase's next earnings date?

Steelcase is scheduled to release their next quarterly earnings announcement on Monday, September, 17th 2018. View Earnings Estimates for Steelcase.

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 equities research analysts have issued 1 year price targets for Steelcase's shares. Their predictions range from $16.00 to $16.00. On average, they expect Steelcase's stock price to reach $16.00 in the next year. This suggests a possible upside of 15.5% 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?

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 stories about SCS stock have been trending somewhat positive on Monday, Accern reports. The research group rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Steelcase earned a coverage optimism score of 0.23 on Accern's scale. They also assigned news coverage about the business services provider an impact score of 46.33 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Who are Steelcase's major shareholders?

Steelcase's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Deprince Race & Zollo Inc. (2.51%), State of Alaska Department of Revenue (0.08%), Cornerstone Wealth Management LLC (0.01%) and Hartford Investment Management Co. (0.01%). 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 institutional investors are buying Steelcase stock?

SCS stock was acquired by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., State of Alaska Department of Revenue, Cornerstone Wealth Management LLC and Hartford Investment Management Co.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Steelcase's stock price today?

One share of SCS stock can currently be purchased for approximately $13.85.

How big of a company is Steelcase?

Steelcase has a market capitalization of $1.62 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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  183 (Vote Outperform)
Underperform Votes:  209 (Vote Underperform)
Total Votes:  392
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.
This page was last updated on 7/23/2018 by MarketBeat.com Staff

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