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 4Q Revenue Set to Miss Market Expectations

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…

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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 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.

Analyst Estimate

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Steelcase Inc. — Moody’s announces completion of a periodic review of ratings of Steelcase Inc. WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

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Steelcase upgraded to buy from hold at Benchmark

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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.

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 the basics of currency trading 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.

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 .

Newsstand

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.

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.

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…

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 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.

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.

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• It operates through the Americas, EMEA, and Other Category segments.

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.

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%.

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.