NYSE:SCS - Steelcase Stock Price, Forecast & News

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

Steelcase announced a quarterly dividend on Wednesday, December 18th. Stockholders of record on Friday, December 27th will be given a dividend of $0.145 per share on Monday, January 13th. This represents a $0.58 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Thursday, December 26th. View Steelcase's Dividend History.

Steelcase Inc. (NYSE:SCS) released its quarterly earnings data on Wednesday, December, 18th. The business services provider reported $0.46 EPS for the quarter, topping the Zacks' consensus estimate of $0.35 by $0.11. The business services provider had revenue of $955.20 million for the quarter, compared to the consensus estimate of $934.70 million. Steelcase had a return on equity of 19.05% and a net margin of 4.22%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share. View Steelcase's Earnings History.

Steelcase is scheduled to release their next quarterly earnings announcement on Tuesday, March 17th 2020. View Earnings Estimates for Steelcase.

Steelcase issued an update on its fourth quarter earnings guidance on Tuesday, December, 17th. The company provided EPS guidance of $0.30-0.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35. The company issued revenue guidance of $905-930 million, compared to the consensus revenue estimate of $954.00 million.

3 analysts have issued 12 month target prices for Steelcase's stock. Their forecasts range from $20.00 to $23.00. On average, they anticipate Steelcase's share price to reach $21.50 in the next year. This suggests a possible upside of 11.9% from the stock's current price. View Analyst Price Targets for Steelcase.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steelcase in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Steelcase.

News coverage about SCS stock has trended positive on Tuesday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Steelcase earned a media sentiment score of 2.6 on InfoTrie's scale. They also assigned media stories about the business services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Steelcase.

Steelcase saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,660,000 shares, an increase of 14.0% from the December 31st total of 3,210,000 shares. Based on an average daily volume of 774,500 shares, the days-to-cover ratio is presently 4.7 days. Approximately 4.3% of the company's shares are short sold. View Steelcase's Current Options Chain.

Some companies that are related to Steelcase include Avery Dennison (AVY), MSA Safety (MSA), Herman Miller (MLHR), HNI (HNI), Knoll (KNL), Interface (TILE), ACCO Brands (ACCO), Kimball International (KBAL), Pitney Bowes (PBI), CompX International (CIX), NL Industries (NL) and ARC Document Solutions (ARC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Steelcase investors own include EXACT Sciences (EXAS), AT&T (T), Venus Metals (VMC), NVIDIA (NVDA), Steel Dynamics (STLD), Pfizer (PFE), Micron Technology (MU), CVS Health (CVS), Exxon Mobil (XOM) and ChemoCentryx (CCXI).

Steelcase's stock is owned by many different of retail and institutional investors. Top institutional investors include California Public Employees Retirement System (0.27%), Sciencast Management LP (0.04%), Nisa Investment Advisors LLC (0.01%), Convergence Investment Partners LLC (0.01%), Zurcher Kantonalbank Zurich Cantonalbank (0.01%) and Harel Insurance Investments & Financial Services Ltd. (0.00%). Company insiders that own Steelcase stock include Allan W Smith Jr, David C Sylvester, Eddy F Schmitt, 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 purchased by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Sciencast Management LP, Convergence Investment Partners LLC, Harel Insurance Investments & Financial Services Ltd., Nisa Investment Advisors LLC and Zurcher Kantonalbank Zurich Cantonalbank . 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, Robinhood, Fidelity and Charles Schwab.

One share of SCS stock can currently be purchased for approximately $19.22.

Steelcase has a market capitalization of $2.25 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]