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, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools.
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Industry, Sector and Symbol
Industry Office furniture, except wood
Sub-IndustryOffice Services & Supplies
SectorBusiness Services
Phone616-247-2710
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.44 billion
Profitability
Miscellaneous
Employees12,700
Next Earnings Date9/19/2019 (Estimated)
OptionableOptionable
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 announced a quarterly dividend on Wednesday, June 19th. Stockholders 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 dividend yield of 3.78%. The ex-dividend date is Friday, June 28th. View Steelcase's Dividend History.
How were Steelcase's earnings last quarter?
Steelcase Inc. (NYSE:SCS) issued its earnings results on Wednesday, June, 19th. The business services provider reported $0.15 EPS for the quarter, missing the Zacks' consensus estimate of $0.19 by $0.04. The business services provider earned $824.30 million during the quarter, compared to analysts' expectations of $839.07 million. Steelcase had a return on equity of 16.35% and a net margin of 3.61%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. View Steelcase's Earnings History.
When is Steelcase's next earnings date?
What guidance has Steelcase issued on next quarter's earnings?
Steelcase issued an update on its FY20 earnings guidance on Wednesday, June, 19th. The company provided EPS guidance of $1.20-1.35 for the period, compared to the Thomson Reuters consensus EPS 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.
What price target have analysts set for SCS?
2 brokerages have issued 12 month price targets for Steelcase's shares. Their forecasts range from $20.00 to $21.00. On average, they expect Steelcase's share price to reach $20.50 in the next year. This suggests a possible upside of 33.6% from the stock's current price. View Analyst Price Targets 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 1 hold rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Steelcase.
Has Steelcase been receiving favorable news coverage?
News headlines about SCS stock have been trending positive on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Steelcase earned a coverage optimism score of 2.5 on InfoTrie's scale. They also assigned news stories about the business services provider a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the next few days. View News Stories for Steelcase.
Are investors shorting Steelcase?
Steelcase saw a drop in short interest in the month of July. As of July 31st, there was short interest totalling 1,344,600 shares, a drop of 12.5% from the June 30th total of 1,537,400 shares. Based on an average daily volume of 646,100 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.6% of the company's stock are short sold. View Steelcase's Current Options Chain.
Who are some of Steelcase's key competitors?
Some companies that are related to Steelcase include Nielsen (NLSN), Alliance Data Systems (ADS), WARTSILA OYJ/ADR (WRTBY), Morningstar (MORN), Robert Half International (RHI), Elastic (ESTC), INGENICO/ADR (INGIY), JCDecaux (JCDXF), ManpowerGroup (MAN), MAXIMUS (MMS), GDS (GDS), China Everbright International (CHFFF), TriNet Group (TNET), Ritchie Bros. Auctioneers (RBA) and Clean Harbors (CLH).
What other stocks do shareholders of Steelcase own?
Who are Steelcase's key executives?
Steelcase's management team includes the folowing people:
- Mr. James P. Keane, Pres, CEO & Director (Age 60)
- Mr. David C. Sylvester, CFO & Sr. VP (Age 54)
- Ms. Sara E. Armbruster, VP of Strategy of Research & Digital Transformation (Age 48)
- Ms. Lizbeth S. O'Shaughnessy, Chief Admin. Officer, Sr. VP, Gen. Counsel & Sec. (Age 57)
- Mr. Eddy F. Schmitt, Sr. VP of Americas (Age 47)
Who are Steelcase's major shareholders?
Steelcase's stock is owned by a variety of of retail and institutional 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.
Which institutional investors are selling Steelcase stock?
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.
Which institutional investors are buying Steelcase stock?
SCS stock was purchased 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, Barrow Hanley Mewhinney & Strauss LLC and HighTower Advisors LLC. 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 $15.34.
How big of a company is Steelcase?
Steelcase has a market capitalization of $1.80 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.
What is Steelcase's official website?
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.
