Steelcase Raised to Neutral at Zacks (SCS)
Steelcase (NYSE:SCS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Wednesday. The firm currently has a $16.20 target price on the stock. Zacks‘s price objective would suggest a potential upside of 2.60% from the stock’s previous close.
Shares of Steelcase (NYSE:SCS) traded down 0.47% during mid-day trading on Wednesday, hitting $15.715. The stock had a trading volume of 104,686 shares. Steelcase has a 52 week low of $13.60 and a 52 week high of $17.94. The stock has a 50-day moving average of $15.52 and a 200-day moving average of $15.77. The company has a market cap of $1.934 billion and a P/E ratio of 20.83.
Steelcase (NYSE:SCS) last released its earnings data on Thursday, June 26th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.04. The company had revenue of $723.10 million for the quarter, compared to the consensus estimate of $728.73 million. During the same quarter last year, the company posted $0.13 earnings per share. Steelcase’s revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that Steelcase will post $0.83 earnings per share for the current fiscal year.
Steelcase Inc (NYSE:SCS) is engaged in furnishing the work experience in office environments.
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