Steelcase SCS Stock Price, News & Info The Motley Fool

According to analysts’ consensus price target of $11.50, Steelcase has a forecasted upside of 63.4% from its current price of $7.04. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. For each period, the “Percent From Last” column shows you where the current price is in relationship to the Low price for that period. When positive, the current price is that much higher than the lowest price from that period. When negative, the current price is that much lower than the lowest price reported for the period.

Steelcase reports Q3 adjusted EPS 20c, consensus 18c Reports Q3 revenue $826.9M, consensus $836.42M. “We delivered revenue and earnings growth this quarter that met our expectations… Provide specific products and services to you, such as portfolio management or data aggregation. SCS has a forward dividend yield of 5.56%.SeeSCS’s full dividends and stock split historyon the Dividend tab. Seating maker Steelcase is among the stocks we still hold after options expiration last Friday. It also looks attractive for a new trade if you don’t yet own it.

Morningstar‘s Stock Analysis SCS

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 22nd 2023. In the past three months, Steelcase insiders have not sold or bought any company stock. Payout ratios above 75% are not desirable because they may not be sustainable.

Corporate Actions are available only for U.S. and Canadian equities. In addition, My Barchart members see the last two years’ of data, where Barchart Premier members will see corporate actions going back to January 1, 2000. For more data, Barchart Premier members can download more historical data (going back to Jan. 1, 1980) and can download Intraday, Daily, Weekly, Monthly or Quarterly data on the Historical Data Download page. Additional underlying chart data and study values can be downloaded using the Interactive Charts. Steelcase Inc reported an EPS of $0.2 in its last earnings report, beating expectations of $0.183.

Bloomberg Markets

2 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Steelcase in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should “buy” SCS shares. Despite more than a 35% rise from its March lows of this year, at the current price of $10 per share, we believe Steelcase Inc stock is undervalued.

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. 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… Needs to review the security of your connection before proceeding.

Steelcase Reports First Quarter Fiscal 2023 Results

The company reported $0.2 earnings per share for the quarter, beating the consensus estimate of $0.183 by $0.017. All financial data is based on trailing twelve months periods – updated quarterly, unless otherwise specified. If SCS closes above $15 at expiration on June 18, you would get assigned and earn $0.90 on $14.10 per share at risk, or 6.38%.

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Over a 29-day holding period, the annualized return would be 69%. Michigan furniture and interior design company Steelcase reports earnings next month, and the stock currently trades about 2% below the $12.50 level. Consensus Price Target is the stock dukascopy vs dukascopy europe forex broker comparison price analysts expect to see within a period of 0-18 months. Steelcase traded at $7.20 this Wednesday March 15th, decreasing $0.11 or 1.50 percent since the previous trading session. Looking back, over the last four weeks, Steelcase lost 6.49 percent.

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The company said, “At the end of the third quarter, the company’s… We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Morningstar Quantitative ratings for equities are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. What’s important now is that the ex-dividend date for the next $0.1275 dividend is tomorrow.

Dividend Strength

Overall, this stock passed 8/38 due dilligence checks and has weak fundamentals, according to our automated analysis. One share of SCS stock can currently be purchased for approximately $7.20. High institutional ownership can be a signal of strong market trust in this https://day-trading.info/ company. A high percentage of insider ownership can be a sign of company health. MarketBeat has tracked 1 news article for Steelcase this week, compared to 2 articles on an average week. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist.

If they’re interested in dividend stocks, the price might not be as important as the payment’s yield or grow… Discuss news and analysts’ price predictions with the investor community. Market cap is the total market value of a publicly traded company’s outstanding shares. Real-time analyst ratings, insider transactions, earnings data, and more. Steelcase’s stock was trading at $7.07 at the start of the year.

What Steelcase’s Earnings Say About the Return to the Office?

It also provides textiles, wall coverings, and surface imaging solutions 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, Designtex, Coalesse, AMQ, Smith System, Orangebox, 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 founded in 1912 and is headquartered in Grand Rapids, Michigan. Steelcase Inc. provides a portfolio of furniture, architectural and technology products. The Company’s segments include Americas, EMEA and Other Category.

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This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy. Steelcase declared a quarterly dividend on Monday, December 19th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $0.10 per share on Friday, January 13th. This represents a $0.40 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Friday, December 30th.

Please see Open to the Public Investing’s Fee Schedule to learn more. Historical daily share price chart and data for Steelcase since 1998 adjusted for splits. The latest closing stock price for Steelcase as of March 15, 2023 is 7.20.The all-time high Steelcase stock closing price was 19.39 on December 18, 2019. Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations.