Steelcase Inc SCS Stock Price, Quote, News & Analysis

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Charts

While the company’s stock rallied 47% from levels of around $9 on March 23, 2020, when broader markets made the bottom, to levels of around $14 currently – SCS stock saw subdued performance compared to the overall market. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. Steelcase Inc. reported lower profit and sales in the fourth quarter as the maker of office furniture and related products grappled with weak demand for office products as workers largely stayed away from offices and insti… You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through the Americas, EMEA, and Other Category segments. Its seating products consist of ergonomic task chairs, seating for collaborative or casual settings, and specialty seating for specific vertical markets, such as healthcare and education. The firm’s interior architectural products include full and partial height walls and architectural pods. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Smith System, AMQ, Turnstone, Orangebox, Designtex, and PolyVision brands.

Latest news

U.S. stocks traded higher, with the Dow Jones gaining over 500 points on Wednesday. Sign Up NowGet this delivered to your inbox, and more info about our products and services. Steelcase Inc. said Tuesday it was recalling most of its manufacturing employees that were furloughed, as government restrictions related to the COVID-19 pandemic have begun to ease. Company logos are from the CompaniesLogo.com logo database and belong to their respective copyright holders. Stock prices are delayed, the delay can range from a few minutes to several hours. 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 was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI. The firm’s interior architectural products include full and partial height walls and architectural pods. Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally. 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.

Steelcase is a US-based furniture company producing office furniture, architectural and technology products for office environments and to some… Steelcase’s market cap is calculated by multiplying SCS’s current stock price of $7.20 by SCS’s total outstanding shares of 112,985,863. Steelcase Inc is a furniture https://day-trading.info/ company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category.

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View analysts price targets for SCS or view top-rated stocks among Wall Street analysts. Its furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches and tables and complementary products… The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company. In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares. Its seating products comprise task chairs; seating for collaborative environments and casual settings; and specialty seating for specific v… The firm’s furniture portfolio includes panel, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, a…

Financial performance

If we earn the dividend and then get assigned at expiration, we would earn $1.15 on $13.95 per share at risk, or 8.24%. We could also get assigned just before the ex-dividend date, and that would be just fine, as we’d earn 7.52% in less than a week. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Steelcase Inc. said profit and sales fell in the third quarter as the maker of office furniture and related products is contending with a shift in demand for office products as people largely stay away from offices and ins…

• Market cap is the total market value of a publicly traded company’s outstanding shares.
• Historical valuations generally do not reflect a company’s current market value.
• All values as of most recently reported quarter unless otherwise noted.
• Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.

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.

Its furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches and tables and complementary products such as work accessories, lighting, mobile power and screens. Its seating products include task chairs, which best stocks to buy and watch now are ergonomic seating that can be used in collaborative and casual settings and specialty seating for specific vertical markets, such as healthcare and education. Its interior architectural products include full and partial height walls and architectural pods.

SCS price to earnings (PE)

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.

This is a lower news sentiment than the 0.50 average news sentiment score of Business Services companies. The Price History page allows you to view end-of-day price history. Site visitors can view the last three months of data, while logged in members can view and download end-of-day price history for up to two years prior to today’s date.

Steelcase issued an update on its fourth quarter 2023 earnings guidance on Monday, December, 19th. The company provided earnings per share guidance of $0.11-$0.15 for the period, compared to the consensus EPS estimate of $0.12. The company issued revenue guidance of $740.00 million-$765.00 million, compared to the consensus revenue estimate of $790.32 million. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 .

The Steelcase 52-week low stock price is 6.20, which is 13.9% below the current share price. The Steelcase 52-week high stock price is 12.57, which is 74.6% above the current share price. I recommend selling Steelcase today before the company reports quarterly results tomorrow morning. The stock currently trades at $14.70, giving you a profit of 10.1% or 4.5%, depending on whether you did started the trade in March or May, respectively. If Steelcase closes above $12.50 at expiration, these calls would be assigned and our SCS stock would be sold at $12.50. On the buy write, this would produce a gain of $0.65 per share on $11.85 per share at risk, or 5.49%.

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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.