Steelcase (NYSE:SCS) Earns Coverage Optimism Score of 0.10
News articles about Steelcase (NYSE:SCS) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Steelcase earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.056235250724 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Steelcase Inc. (SCS) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Steelcase Inc. (finance.yahoo.com)
- Comparing Cott Corporation (COT) & Steelcase (NYSE:SCS) (americanbankingnews.com)
- Stocks Under Scanner in the Business Equipment Space — VeriFone Systems, Pitney Bowes, Herman Miller, and Steelcase (tmcnet.com)
- Brooks Automation, Inc. (NASDAQ:BRKS) Cut to Hold at ValuEngine (leisuretravelaid.com)
SCS has been the topic of a number of analyst reports. BidaskClub downgraded Steelcase from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded Steelcase from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 28th. TheStreet downgraded Steelcase from a “b-” rating to a “c+” rating in a research report on Thursday, July 20th. ValuEngine downgraded Steelcase from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and set a $16.00 price target (down previously from $19.00) on shares of Steelcase in a research report on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.50.
Shares of Steelcase (NYSE SCS) traded up 1.14% during midday trading on Friday, hitting $13.30. The company’s stock had a trading volume of 917,953 shares. Steelcase has a 52-week low of $12.67 and a 52-week high of $18.15. The firm has a market cap of $1.57 billion, a P/E ratio of 13.01 and a beta of 1.20. The stock’s 50 day moving average is $13.72 and its 200-day moving average is $15.88.
Steelcase (NYSE:SCS) last released its quarterly earnings results on Wednesday, June 21st. The business services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $735.10 million for the quarter, compared to analysts’ expectations of $743.27 million. Steelcase had a net margin of 4.04% and a return on equity of 16.37%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. Equities analysts predict that Steelcase will post $0.96 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 3rd were given a $0.1275 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.51 annualized dividend and a yield of 3.83%. Steelcase’s dividend payout ratio (DPR) is presently 50.50%.
In related news, Director Peter M. Wege II sold 14,400 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $13.81, for a total value of $198,864.00. Following the completion of the transaction, the director now directly owns 270,180 shares in the company, valued at $3,731,185.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.87% of the stock is currently owned by insiders.
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.
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