Steelcase Inc. (SCS)
| Market Cap | 949.74M |
| Revenue (ttm) | 3.18B |
| Net Income (ttm) | 17.40M |
| Shares Out | 112.99M |
| EPS (ttm) | 0.15 |
| PE Ratio | 56.47 |
| Forward PE | 7.39 |
| Dividend | $0.49 (5.74%) |
| Ex-Dividend Date | Dec 30, 2022 |
| Volume | 18,776 |
| Open | 8.69 |
| Previous Close | 8.47 |
| Day's Range | 8.47 - 8.53 |
| 52-Week Range | 6.20 - 12.43 |
| Beta | 1.34 |
| Analysts | Sell |
| Price Target | 11.02 (+29.19%) |
| Earnings Date | Mar 23, 2023 |
About SCS
Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally. It operates through Americas, EMEA, and Other 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, and mobile power and screens. Its seating products comprise task chairs; seating for collaborative environments and casual settings; and specialty seating for specific v... [Read more]
Financial Performance
In 2022, Steelcase's revenue was $2.77 billion, an increase of 6.80% compared to the previous year's $2.60 billion. Earnings were $4.00 million, a decrease of -84.67%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for SCS stock is "Sell." The 12-month stock price forecast is $11.02, which is an increase of 29.19% from the latest price.
News
Steelcase stock jumps 12% as quarterly orders grow on return-to-work trends
Shares of Steelcase Inc. SCS, -1.78% rallied 12% in the extended session Wednesday after the office furniture maker reported adjusted quarterly earnings and sales above Wall Street expectations, sayin...
Steelcase Reports Fourth Quarter and Fiscal 2023 Results
GRAND RAPIDS, Mich., March 22, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $801.7 million, net income of $15.7 million, or $0.13 per share, and adjuste...
Steelcase to Webcast Fourth Quarter and Fiscal 2023 Conference Call
GRAND RAPIDS, Mich., March 02, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its fourth quarter and fiscal year 2023 financial results on Thursday, March 23, 2023 at...
Steelcase Named One of the World's Most Admired Companies by FORTUNE®
The company earned a place on the prestigious list for the 17th year, listed as fourth in the Home Equipment and Furnishings category The company earned a place on the prestigious list for the 17th ye...
Steelcase Reports Third Quarter Fiscal 2023 Results
GRAND RAPIDS, Mich., Dec. 19, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $826.9 million, net income of $11.4 million, or $0.10 per share, and adjusted ...
Steelcase to Webcast Third Quarter Conference Call
GRAND RAPIDS, Mich., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its third quarter fiscal year 2023 financial results on Tuesday, December 20, 2022 at 8:3...
Steelcase Announces Appointment of Sanjay Gupta to Board of Directors
GRAND RAPIDS, Mich., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE: SCS) announced today Sanjay Gupta has been appointed to its board of directors. Gupta is a digital marketing and business leader...
Steelcase: A Quality Furniture Company Facing Headwinds
Steelcase provides a portfolio of furniture and architectural products globally, primarily for the office environment. The company also provides furniture and accessories for the home office, hospital...
What Steelcase's Earnings Say About the Return to the Office?
This article looks at what Steelcase said in its earnings report and why it could be a leading indicator of what is coming for the next several quarters.
Steelcase plans job cuts on 'lower than expected return-to-office trends'
Steelcase SCS, -1.28% on Wednesday said it planned to cut up to 180 salaried positions in the third quarter, citing a "recent volume decline in our incoming orders and lower than expected return-to-of...
Steelcase Reports Second Quarter Fiscal 2023 Results
GRAND RAPIDS, Mich., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $863.3 million, net income of $19.6 million, or $0.17 per share, and adjuste...
Steelcase to Webcast Second Quarter Conference Call
GRAND RAPIDS, Mich., Sept. 01, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its second quarter fiscal year 2023 financial results on Thursday, September 22, 2022 at...
DCLA's Sarat Sethi likes Edison International and Steelcase
Sarat Sethi, DCLA managing partner, joins 'Power Lunch' to discuss why his value stock thesis makes sense right now, what Sethi would consider good cash-flow and more.
Steelcase Named a Best Employer for Women by Forbes
Steelcase ranked #13 on Forbes list for 2022 Steelcase ranked #13 on Forbes list for 2022
The 7 Best Dividend Stocks Under $25 for July
Investors searching for the next great investment idea generally want to spread a wide net. If they're interested in dividend stocks, the price might not be as important as the payment's yield or grow...
It's A Comfortable Time To Buy Steelcase
Steelcase (NYSE: SCS), a maker of office and industrial purpose furniture, has been struggling over the past few years but those times are changing. Postponed demand and a return to in-person operatio...
5 Stocks To Watch For June 23, 2022: FedEx, Accenture And More
Some of the stocks that may grab investor focus today are: Wall Street expects Accenture plc (NYSE: ACN) to report quarterly earnings at $2.74 per share on revenue of $15.35 billion before the opening...
Steelcase Shares Surge On Solid Q1 Results, Clocks 33% Revenue Growth
Steelcase Inc. (NYSE: SCS) reported first-quarter revenue growth of 33% year-over-year to $740.70 million, +35% on an organic basis, beating the consensus of $690.94 million. Adjusted EPS was $(0.05),...
Steelcase Reports First Quarter Fiscal 2023 Results
GRAND RAPIDS, Mich, June 22, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported first quarter revenue of $740.7 million, a net loss of $11.4 million, or $0.10 per share, and an adjuste...
Steelcase Recognized as One of America's 50 Most Community-Minded Companies
GRAND RAPIDS, Mich., June 16, 2022 (GLOBE NEWSWIRE) -- Today, Steelcase has been recognized by The Civic 50 as one of the fifty most community-minded companies in the United States.
5 Dividend Stocks Gurus Are Building Positions In
As investors continue to contend with market volatility, five high dividend yield stocks with a high number of guru buys as of the first-quarter 13F filing date are Verizon Communications Inc. ( VZ , ...
Steelcase to Webcast First Quarter Conference Call
GRAND RAPIDS, Mich., June 01, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its first quarter fiscal year 2023 financial results on Thursday, June 23, 2022 at 8:30 a...
Steelcase Named a Best Employer for New Graduates by Forbes
Steelcase ranked #43 on Forbes list for 2022 Steelcase ranked #43 on Forbes list for 2022
Steelcase to Acquire HALCON, Maker of Finely Crafted Wood Furniture for the Modern Workplace
Expected acquisition will add to the company's expanding community of brands, providing designers and customers with an extensive range of wood furnishings and fueling the growth of HALCON Expected ac...
Steelcase Reports Fourth Quarter and Fiscal 2022 Results
GRAND RAPIDS, Mich., March 23, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $753.1 million and a net loss of $2.2 million, or $0.02 per share. In the pr...