In yesterday’s Wall Street session, Steelcase, Inc. (NYSE:SCS) shares traded at $12.09, up 0.08% from the previous session.
1 analysts cover Steelcase, Inc. (NYSE:SCS), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $10.76, we find $11.38. Given the previous closing price of $12.08, this indicates a potential downside of -5.79 percent. SCS stock price is now 10.55% away from the 50-day moving average and 39.79% away from the 200-day moving average. The market capitalization of the company currently stands at $1.38B.
The stock has received a hold rating from 1 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $11.38 as their price target over the next twelve months.
In other news, O’Shaughnessy Lizbeth S, SVP, CAO, GC and Secretary sold 30,000 shares of the company’s stock on Sep 22. The stock was sold for $330,600 at an average price of $11.02. Upon completion of the transaction, the SVP, CAO, GC and Secretary now directly owns 307,252 shares in the company, valued at $3.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 18, VP, Global Operations Krestakos Robert G sold 5,000 shares of the business’s stock. A total of $39,182 was realized by selling the stock at an average price of $7.84. This leaves the insider owning 114,289 shares of the company worth $1.38 million. Insiders disposed of 186,311 shares of company stock worth roughly $2.25 million over the past 1 year. A total of 26.31% of the company’s stock is owned by insiders.
On Wednesday morning Steelcase, Inc. (NYSE: SCS) stock kicked off with the opening price of $12.15. During the past 12 months, Steelcase, Inc. has had a low of $6.20 and a high of $12.25. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 1.53, and a quick ratio of 1.07. According to the stock market information, the enterprise value for the company is $1.88B, which is based on a 25.79 price-to-earnings ratio, a 2.58 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for SCS is $10.94 and a two-hundred day moving average price translates $8.65 for the stock.
The latest earnings results from Steelcase, Inc. (NYSE: SCS) was released for Aug, 2023. According to the Business Equipment & Supplies Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.2 by 0.11. This compares to $0.17 EPS in the same period last year. The net profit margin was 1.67% and return on equity was 6.52% for SCS. The company reported revenue of $854.6 million for the quarter, compared to $863.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.01 percent. For the current quarter, analysts expect SCS to generate $798.65M in revenue.
Steelcase, Inc.(SCS) Company Profile
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 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, 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, AMQ, Coalesse, HALCON, Orangebox, Smith System, Designtex, 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.
