Steelcase (SCS) Stock Price, News & Analysis

0 brokers have issued twelve-month price targets for Steelcase's stock. Their SCS share price targets range from $11.00 to $11.00. On average, they expect the company's stock price to reach $11.00 in the next twelve months. This suggests that the stock has a possible downside of 8.2%.
View analysts price targets for SCS or view top-rated stocks among Wall Street analysts.

Steelcase's stock was trading at $13.52 at the beginning of 2024. Since then, SCS shares have decreased by 11.4% and is now trading at $11.9850.
View the best growth stocks for 2024 here.

Steelcase saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,530,000 shares, a decrease of 19.9% from the March 15th total of 3,160,000 shares. Based on an average trading volume of 809,600 shares, the short-interest ratio is currently 3.1 days. Approximately 3.0% of the shares of the company are short sold.
View Steelcase's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 19th 2024.
View our SCS earnings forecast.

Steelcase Inc. (NYSE:SCS) posted its quarterly earnings data on Wednesday, March, 20th. The business services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The business services provider had revenue of $775.20 million for the quarter, compared to the consensus estimate of $780.25 million. Steelcase had a trailing twelve-month return on equity of 13.00% and a net margin of 2.57%. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Steelcase announced a quarterly dividend on Wednesday, March 20th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.10 per share on Monday, April 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Tuesday, April 2nd.
Read our dividend analysis for SCS.

Steelcase (NYSE:SCS) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.28%. The dividend payout ratio is 58.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCS will have a dividend payout ratio of 35.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCS.

ETFs with the largest weight of Steelcase (NYSE:SCS) stock in their portfolio include Cultivar ETF (CVAR), Hypatia Women CEO ETF (WCEO), AXS Green Alpha ETF (NXTE), Hartford Multifactor Small Cap ETF (ROSC), Rayliant Quantitative Developed Market Equity ETF (RAYD), Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and Royce Quant Small-Cap Quality Value ETF (SQLV).EA Bridgeway Omni Small-Cap Value ETF (BSVO).

Steelcase issued an update on its first quarter 2025 earnings guidance on Wednesday, March, 20th. The company provided earnings per share guidance of 0.080-0.120 for the period, compared to the consensus earnings per share estimate of 0.100. The company issued revenue guidance of $715.0 million-$740.0 million, compared to the consensus revenue estimate of $741.2 million.

248 employees have rated Steelcase Chief Executive Officer James P. Keane on Glassdoor.com. James P. Keane has an approval rating of 93% among the company's employees. This puts James P. Keane in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Steelcase investors own include Pfizer (PFE), NVIDIA (NVDA), AT&T (T), Exact Sciences (EXAS), Intel (INTC), Micron Technology (MU), CVS Health (CVS), General Electric (GE), Gilead Sciences (GILD) and Steel Dynamics (STLD).

Steelcase's stock is owned by many different retail and institutional investors. Top institutional investors include Douglas Lane & Associates LLC (3.11%), Thompson Investment Management Inc. (0.24%), Green Alpha Advisors LLC (0.14%), First Hawaiian Bank (0.07%), S.A. Mason LLC (0.04%) and ARGA Investment Management LP (0.02%). Insiders that own company stock include David C Sylvester, Guillaume M Alvarez, Jennifer C Niemann, Kate P Wolters, Lizbeth S O'shaughnessy, Nicole Cherie Mcgrath, Peter M Wege II, Robert G Krestakos and Sara E Armbruster.
View institutional ownership trends.

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.
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