Steelcase (SCS) to Release Earnings on Tuesday

Steelcase (NYSE:SCS) is set to post its quarterly earnings results after the market closes on Tuesday, March 20th. Analysts expect Steelcase to post earnings of $0.23 per share for the quarter. Steelcase has set its Q4 guidance at $0.14-0.18 EPS.

Steelcase (NYSE:SCS) last announced its quarterly earnings results on Tuesday, December 19th. The business services provider reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. Steelcase had a return on equity of 13.62% and a net margin of 3.49%. The firm had revenue of $772.10 million for the quarter, compared to analysts’ expectations of $762.37 million. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. On average, analysts expect Steelcase to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Steelcase (NYSE:SCS) opened at $14.70 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.58 and a quick ratio of 1.23. The firm has a market cap of $1,710.00, a P/E ratio of 16.52 and a beta of 1.27. Steelcase has a 52-week low of $12.50 and a 52-week high of $18.15.

Separately, Zacks Investment Research cut shares of Steelcase from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Steelcase has a consensus rating of “Hold” and an average price target of $16.00.

In related news, Director Peter M. Wege II sold 13,300 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $15.14, for a total value of $201,362.00. Following the transaction, the director now directly owns 254,244 shares in the company, valued at $3,849,254.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Sara E. Armbruster sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $14.80, for a total transaction of $44,400.00. Following the completion of the transaction, the vice president now owns 69,870 shares in the company, valued at $1,034,076. The disclosure for this sale can be found here. 18.87% of the stock is currently owned by corporate insiders.

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Steelcase Company Profile

Steelcase Inc provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Company’s segments include Americas, EMEA and Other Category. The Company’s furniture portfolio includes panel-based and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools.

Earnings History for Steelcase (NYSE:SCS)

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