Steelcase (SCS) Stock Price, News & Analysis

Company Overview

Steelcase Inc. provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens. Its seating products comprise task chairs; seating for collaborative environments and casual settings; and specialty seating for specific vertical markets, including education and healthcare. The company's interior architectural products comprise full and partial height walls and architectural pods. It also provides textiles and surface imaging products for architects and designers; and workplace strategy consulting, lease origination, and furniture and asset management services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, AMQ, Coalesse, Designtex, HALCON, Orangebox, Smith System, and Viccarbe 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 incorporated in 1912 and is headquartered in Grand Rapids, Michigan.

Key Stats

• Today's Range: $11.20 to $11.34
• 50-Day Range: $9.87 to $11.68
• 52-Week Range: $9.32 to $14.74
• Volume: 481,423 shs
• Average Volume: 669,795 shs
• Market Capitalization: $1.34 billion
• P/E Ratio: 11.34
• Dividend Yield: 3.42%
• Price Target: $16.00
• Consensus Rating: Moderate Buy

Steelcase Stock Analysis - MarketRank™

Steelcase scored higher than 96% of companies evaluated by MarketBeat, and ranked 52nd out of 906 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Steelcase has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Steelcase has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.00%

Earnings Growth

Earnings for Steelcase are expected to grow by 6.00% in the coming year, from $1.00 to $1.06 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Steelcase is 11.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.57.

Price to Earnings Ratio vs. Sector

The P/E ratio of Steelcase is 11.34, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 28.66.

Price to Earnings Growth Ratio

Steelcase has a PEG Ratio of 1.07. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Steelcase has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.01% of the float of Steelcase has been sold short.

Short Interest Ratio / Days to Cover

Steelcase has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Steelcase has recently increased by 12.72%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Steelcase is a leading dividend payer. It pays a dividend yield of 3.57%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Steelcase does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Steelcase is 39.60%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Steelcase will have a dividend payout ratio of 37.74% next year. This indicates that Steelcase will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.0 / 5
• Environmental Score: -1.87

Percentage of Shares Shorted

3.01% of the float of Steelcase has been sold short.

Short Interest Ratio / Days to Cover

Steelcase has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Steelcase has recently increased by 12.72%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.23

News Sentiment

Steelcase has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Steelcase this week, compared to 5 articles on an average week.

Search Interest

3 people have searched for SCS on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

1 people have added Steelcase to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Steelcase insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $60,780.00 in company stock.

Percentage Held by Insiders

Only 6.75% of the stock of Steelcase is held by insiders.

Percentage Held by Institutions

92.42% of the stock of Steelcase is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SCS Stock Analysis - Frequently Asked Questions

How have SCS shares performed this year?

Steelcase's stock was trading at $11.82 on January 1st, 2025. Since then, SCS stock has decreased by 1.2% and is now trading at $11.68.

How were Steelcase's earnings last quarter?

Steelcase Inc. (NYSE:SCS) announced its quarterly earnings data on Wednesday, June, 25th. The business services provider reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.08. The firm's revenue was up 7.1% on a year-over-year basis.
Read the conference call transcript.

Does Steelcase have any subsidiaries?

The following companies are subsidiaries of Steelcase: Viccarbe Habitat S.L., Orangebox Group, Red Thread, Ultra Group Company, Softcare Innovations, PolyVision Corporation, AF Steelcase S.A., and more.

How do I buy shares of Steelcase?

Shares of SCS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Steelcase own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Steelcase investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Advanced Micro Devices (AMD), ServiceNow (NOW) and Adobe (ADBE).

Company Calendar

• Record date for 4/21 Dividend: 4/07/2025
• Ex-Dividend for 4/21 Dividend: 4/07/2025
• Dividend Payable: 4/21/2025
• Last Earnings: 6/25/2025
• Today: 7/03/2025
• Record date for 7/21 Dividend: 7/07/2025
• Ex-Dividend for 7/21 Dividend: 7/07/2025
• Dividend Payable: 7/21/2025
• Next Earnings (Estimated): 9/17/2025
• Fiscal Year End: 2/28/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Business/Office Products
• Sub-Industry: Office Services & Supplies
• Current Symbol: NYSE:SCS
• CIK: 1050825
• Web: www.steelcase.com
• Phone: (616) 247-2710
• Fax: 616-475-2270
• Employees: 11,300
• Year Founded: 1912

Price Target and Rating

• Average Stock Price Target: $16.00
• High Stock Price Target: $16.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +37.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.01
• Trailing P/E Ratio: 11.34
• Forward P/E Ratio: 11.68
• P/E Growth: 1.05
• Net Income: $120.70 million
• Net Margins: 3.84%
• Pretax Margin: 4.32%
• Return on Equity: 14.49%
• Return on Assets: 6.00%

Debt

• Debt-to-Equity Ratio: 0.46
• Current Ratio: 1.65
• Quick Ratio: 1.17

Sales & Book Value

• Annual Sales: $3.17 billion
• Price / Sales: 0.42
• Cash Flow: $1.99 per share
• Price / Cash Flow: 5.87
• Book Value: $8.57 per share
• Price / Book: 1.36

Miscellaneous

• Outstanding Shares: 114,640,000
• Free Float: 106,903,000
• Market Cap: $1.34 billion
• Optionable: Optionable
• Beta: 1.13