NYSE:SCS

Steelcase Stock Forecast, Price & News

$13.77
+0.12 (+0.88 %)
(As of 07/23/2021 12:00 AM ET)
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Today's Range
$13.59
$13.84
50-Day Range
$13.65
$15.22
52-Week Range
$9.47
$16.84
Volume430,320 shs
Average Volume606,664 shs
Market Capitalization$1.59 billion
P/E Ratio44.42
Dividend Yield4.25%
Beta1.43
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Steelcase logo

About Steelcase

Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company's furniture portfolio includes panels, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools and screens. Its seating products comprise 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 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, Smith System, AMQ, Turnstone, Orangebox, and Designtex 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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MarketRank

Overall MarketRank

1.77 out of 5 stars

Business Services Sector

97th out of 543 stocks

Office Furniture, Except Wood Industry

1st out of 3 stocks

Analyst Opinion: 2.5Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Steelcase (NYSE:SCS) Frequently Asked Questions

Is Steelcase a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Steelcase stock.
View analyst ratings for Steelcase
or view top-rated stocks.

What stocks does MarketBeat like better than Steelcase?

Wall Street analysts have given Steelcase a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Steelcase wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Steelcase's next earnings date?

Steelcase is scheduled to release its next quarterly earnings announcement on Tuesday, September 28th 2021.
View our earnings forecast for Steelcase
.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) issued its earnings results on Tuesday, June, 22nd. The business services provider reported ($0.24) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.31) by $0.07. The business services provider earned $556.60 million during the quarter, compared to analyst estimates of $556.30 million. Steelcase had a net margin of 1.35% and a trailing twelve-month return on equity of 5.56%. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.18) earnings per share.
View Steelcase's earnings history
.

How has Steelcase's stock price been impacted by Coronavirus?

Steelcase's stock was trading at $13.42 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SCS stock has increased by 2.6% and is now trading at $13.77.
View which stocks have been most impacted by COVID-19
.

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

Steelcase declared a quarterly dividend on Wednesday, June 23rd. Shareholders of record on Tuesday, July 6th will be given a dividend of $0.145 per share on Tuesday, July 20th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Friday, July 2nd. This is a positive change from Steelcase's previous quarterly dividend of $0.10.
View Steelcase's dividend history
.

Is Steelcase a good dividend stock?

Steelcase pays an annual dividend of $0.58 per share and currently has a dividend yield of 4.25%. SCS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Steelcase does not yet have a strong track record of dividend growth. The dividend payout ratio of Steelcase is 111.54%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Steelcase's dividend history.

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

Steelcase issued an update on its second quarter 2022 earnings guidance on Wednesday, July, 21st. The company provided EPS guidance of $0.250-$0.300 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.220. The company issued revenue guidance of $750 million-$780 million, compared to the consensus revenue estimate of $704.30 million.

What price target have analysts set for SCS?

3 brokerages have issued 12-month price targets for Steelcase's stock. Their forecasts range from $17.00 to $17.00. On average, they anticipate Steelcase's share price to reach $17.00 in the next year. This suggests a possible upside of 23.5% from the stock's current price.
View analysts' price targets for Steelcase
or view top-rated stocks among Wall Street analysts.

Who are Steelcase's key executives?

Steelcase's management team includes the following people:
  • Mr. James P. Keane, Pres, CEO & Director (Age 62, Pay $2.58M)
  • Mr. David C. Sylvester, CFO & Sr. VP (Age 56, Pay $1.02M)
  • Ms. Sara E. Armbruster, Exec. VP & Director (Age 50, Pay $688.98k)
  • Ms. Lizbeth S. O'Shaughnessy, Chief Admin. Officer, Sr. VP, Gen. Counsel & Sec. (Age 59, Pay $784.76k)
  • Mr. Allan W. Smith Jr., VP of Global Marketing (Age 53, Pay $603.66k)
  • Mr. Robert G. Krestakos, VP of Global Operations (Age 59)
  • Ms. Robin L. Zondervan, VP, Corp. Controller & Chief Accounting Officer (Age 41)
  • Mr. Michael O'Meara, Director of Investor Relations & Financial Planning and Analysis
  • Mr. Ulrich Hans Eberhard Gwinner, Pres of Asia Pacific (Age 57)
  • Mr. Guillaume M. Alvarez, Sr. VP of EMEA (Age 61)

What is James P. Keane's approval rating as Steelcase's CEO?

248 employees have rated Steelcase CEO James P. Keane on Glassdoor.com. James P. Keane has an approval rating of 93% among Steelcase's employees. This puts James P. Keane in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 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 institutional and retail investors. Top institutional shareholders include Integrated Investment Consultants LLC (0.02%) and Pflug Koory LLC (0.00%). Company insiders that own Steelcase stock include David C Sylvester, Eddy F Schmitt, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Peter M Wege II, Robert C Pew III, Robert G Krestakos and Sara E Armbruster.
View institutional ownership trends for Steelcase
.

Which major investors are selling Steelcase stock?

SCS stock was sold by a variety of institutional investors in the last quarter, including Integrated Investment Consultants LLC. Company insiders that have sold Steelcase company stock in the last year include Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, and Robert G Krestakos.
View insider buying and selling activity for Steelcase
or view top insider-selling stocks.

Which major investors are buying Steelcase stock?

SCS stock was acquired by a variety of institutional investors in the last quarter, including Pflug Koory LLC.
View insider buying and selling activity for Steelcase
or or view top insider-buying stocks.

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 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 $13.77.

How much money does Steelcase make?

Steelcase has a market capitalization of $1.59 billion and generates $2.60 billion in revenue each year. The business services provider earns $26.10 million in net income (profit) each year or $0.52 on an earnings per share basis.

How many employees does Steelcase have?

Steelcase employs 11,100 workers across the globe.

When was Steelcase founded?

Steelcase was founded in 1912.

What is Steelcase's official website?

The official website for Steelcase is www.steelcase.com.

Where are Steelcase's headquarters?

Steelcase is headquartered at 901 44TH STREET SE, GRAND RAPIDS MI, 49508.

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 7/24/2021 by MarketBeat.com Staff
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