Steelcase (SCS) Stock Price, News & Analysis

0 Wall Street analysts have issued 12-month price objectives for Steelcase's stock. Their SCS share price targets range from $11.00 to $11.00. On average, they predict the company's share price to reach $11.00 in the next twelve months. This suggests that the stock has a possible downside of 7.9%.
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 start of the year. Since then, SCS stock has decreased by 11.7% and is now trading at $11.94.
View the best growth stocks for 2024 here.

Steelcase saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 2,530,000 shares, a decline of 19.9% from the March 15th total of 3,160,000 shares. Based on an average daily trading volume, of 809,600 shares, the short-interest ratio is presently 3.1 days. Approximately 3.0% of the shares of the stock 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 results on Wednesday, March, 20th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. The business services provider had revenue of $775.20 million for the quarter, compared to analyst estimates of $780.25 million. Steelcase had a trailing twelve-month return on equity of 12.87% and a net margin of 2.57%. The business's revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.19 EPS.

Steelcase announced a quarterly dividend on Wednesday, March 20th. Stockholders 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 annualized dividend and a dividend yield of 3.35%. The ex-dividend date 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 3.38%. 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 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 a variety of 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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