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. Shareholders of record on Friday, December 27th will be paid a dividend of $0.145 per share on Monday, January 13th. This represents a $0.58 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Thursday, December 26th. View Steelcase's Dividend History.

Steelcase Inc. (NYSE:SCS) announced its quarterly earnings data on Wednesday, December, 18th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.11. The business services provider had revenue of $955.20 million for the quarter, compared to analysts' expectations of $934.70 million. Steelcase had a return on equity of 19.05% and a net margin of 4.22%. The firm's revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm 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 earnings per share 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 brokerages have issued 1-year price objectives for Steelcase's shares. Their forecasts range from $20.00 to $23.00. On average, they anticipate Steelcase's stock price to reach $21.50 in the next twelve months. This suggests a possible upside of 13.4% 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.

Media stories about SCS stock have trended extremely negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Steelcase earned a news sentiment score of -4.3 on InfoTrie's scale. They also gave media headlines about the business services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Steelcase.

Steelcase saw a increase in short interest in 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 trading volume, of 774,500 shares, the days-to-cover ratio is currently 4.7 days. Approximately 4.3% of the company's shares are sold short. 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), NL Industries (NL), CompX International (CIX) and ARC Document Solutions (ARC).

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

Steelcase's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Earnest Partners LLC (6.30%), LSV Asset Management (2.56%), Prudential Financial Inc. (2.07%), State Street Corp (1.64%), Renaissance Technologies LLC (1.60%) and New York State Common Retirement Fund (1.41%). 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 sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Westpac Banking Corp, Bank of New York Mellon Corp, Lord Abbett & CO. LLC, Greenleaf Trust, AQR Capital Management LLC, SG Americas Securities LLC and Marshall Wace LLP. Company insiders that have sold Steelcase company stock in the last year include Allan W Smith Jr, David C Sylvester, Eddy F Schmitt, 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 Prudential Financial Inc., Acadian Asset Management LLC, Renaissance Technologies LLC, LSV Asset Management, Earnest Partners LLC, Man Group plc, Marshall Wace North America L.P. and Goldman Sachs Group Inc.. 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 $18.97.

Steelcase has a market capitalization of $2.22 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]