NYSE:SCS - Steelcase Stock Price, News & Analysis

Steelcase trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCS."

Steelcase announced a quarterly dividend on Wednesday, June 19th. Investors of record on Monday, July 1st will be given a dividend of $0.145 per share on Tuesday, July 16th. This represents a $0.58 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Friday, June 28th. View Steelcase's Dividend History.

Steelcase Inc. (NYSE:SCS) issued its quarterly earnings results on Wednesday, June, 19th. The business services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.04. The business services provider had revenue of $824.30 million for the quarter, compared to the consensus estimate of $839.07 million. Steelcase had a net margin of 3.61% and a return on equity of 16.35%. Steelcase's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. View Steelcase's Earnings History.

Steelcase is scheduled to release their next quarterly earnings announcement on Thursday, September 19th 2019. View Earnings Estimates for Steelcase.

Steelcase issued an update on its FY20 earnings guidance on Wednesday, June, 19th. The company provided earnings per share guidance of $1.20-1.35 for the period, compared to the Thomson Reuters consensus estimate of $1.30. The company issued revenue guidance of $3.63-3.77 billion, compared to the consensus revenue estimate of $3.71 billion.

2 brokerages have issued 1 year price objectives for Steelcase's stock. Their forecasts range from $20.00 to $21.00. On average, they anticipate Steelcase's stock price to reach $20.50 in the next twelve months. This suggests a possible upside of 30.5% from the stock's current price. View Analyst Price Targets for Steelcase.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 1 hold rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Steelcase.

Press coverage about SCS stock has trended negative this week, according to InfoTrie. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Steelcase earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned headlines about the business services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Steelcase.

Steelcase saw a decline in short interest in the month of July. As of July 31st, there was short interest totalling 1,344,600 shares, a decline of 12.5% from the June 30th total of 1,537,400 shares. Based on an average daily trading volume, of 646,100 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.6% of the company's shares are sold short. View Steelcase's Current Options Chain.

Some companies that are related to Steelcase include Nielsen (NLSN), Morningstar (MORN), Elastic (ESTC), Robert Half International (RHI), JCDecaux (JCDXF), INGENICO/ADR (INGIY), China Everbright International (CHFFF), ManpowerGroup (MAN), MAXIMUS (MMS), TriNet Group (TNET), GDS (GDS), Clean Harbors (CLH), Ritchie Bros. Auctioneers (RBA), Brink's (BCO) and Stericycle (SRCL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Steelcase investors own include Venus Metals (VMC), Steel Dynamics (STLD), ChemoCentryx (CCXI), NVIDIA (NVDA), Micron Technology (MU), CVS Health (CVS), General Electric (GE), Home Depot (HD), Kinder Morgan (KMI) and Pfizer (PFE).

Steelcase's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.85%), BlackRock Inc. (5.95%), Earnest Partners LLC (4.72%), LSV Asset Management (2.16%), Wells Fargo & Company MN (2.08%) and Charles Schwab Investment Management Inc. (1.15%). Company insiders that own Steelcase stock include Allan W Smith Jr, David C Sylvester, James N Ludwig, James P Keane, Jennifer C Niemann, Lizbeth S O'shaughnessy, P Craig Welch Jr, Peter M Wege II, Robert C Pew III and Sara E Armbruster. View Institutional Ownership Trends for Steelcase.

SCS stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Prudential PLC, Russell Investments Group Ltd., Bank of America Corp DE, Deprince Race & Zollo Inc., Alambic Investment Management L.P., Charles Schwab Investment Management Inc. and Hillsdale Investment Management Inc.. Company insiders that have sold Steelcase company stock in the last year include Allan W Smith Jr, David C Sylvester, James N Ludwig, James P Keane, Jennifer C Niemann, Lizbeth S O'shaughnessy, P Craig Welch Jr, Peter M Wege II, Robert C Pew III and Sara E Armbruster. View Insider Buying and Selling for Steelcase.

SCS stock was acquired by a variety of institutional investors in the last quarter, including Earnest Partners LLC, BlackRock Inc., Wells Fargo & Company MN, Nuveen Asset Management LLC, Man Group plc, Barrow Hanley Mewhinney & Strauss LLC, HighTower Advisors LLC and Allianz Asset Management GmbH. View Insider Buying and Selling for 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.

One share of SCS stock can currently be purchased for approximately $15.71.

Steelcase has a market capitalization of $1.84 billion and generates $3.44 billion in revenue each year. The business services provider earns $126 million in net income (profit) each year or $1.20 on an earnings per share basis. Steelcase employs 12,700 workers across the globe.View Additional Information About Steelcase.

The official website for Steelcase is http://www.steelcase.com/.

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]