Are Investors Undervaluing Steelcase (SCS) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/31/2025
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Steelcase Inc. (SCS) Q4 2025 Earnings Call Transcript
- Steelcase Inc. (NYSE:SCS ) Q4 2025 Earnings Conference Call March 27, 2025 8:30 AM ET Company Participants Mike O'Meara - Director, Investor Relations and Financial Planning and Analysis Sara Armbruster - President and Chief Executive Officer David Sylvester - Senior Vice President and Chief Financial Officer Conference Call Participants Gregory Burns - Sidoti & Company Joseph Gomes - Noble Capital Markets Steven Ramsey - Thompson Research Group Reuben Garner - The Benchmark Company Operator Good morning. My name is Rob and I will be your conference operator today.
- 03/27/2025
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Stocks to Watch: H.B. Fuller, Concentrix, Steelcase, Petco Health & Wellness
- H.B. Fuller's profit and sales fell in its fiscal first quarter, but results topped Wall Street's estimates. The adhesives manufacturer logged adjusted earnings of 54 cents on revenue of $788.7 million, ahead of analyst expectations for adjusted earnings of 49 cents on revenue of 769 million, according to FactSet.
- 03/26/2025
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Steelcase (SCS) Tops Q4 Earnings and Revenue Estimates
- Steelcase (SCS) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.23 per share a year ago.
- 03/26/2025
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Steelcase Reports Fourth Quarter and Fiscal 2025 Results
- GRAND RAPIDS, Mich., March 26, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $788.0 million, net income of $27.6 million, or $0.23 per share, and adjusted earnings per share of $0.26. The results included $21.8 million of favorable tax items which increased net income by $13.4 million (net of related variable compensation expense), or $0.11 per share. In the prior year, Steelcase reported revenue of $775.2 million, net income of $21.3 million, or $0.18 per share, and adjusted earnings per share of $0.23.
- 03/26/2025
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How To Earn $500 A Month From Steelcase Stock Ahead Of Q4 Earnings
- Steelcase Inc. SCS will release its fourth-quarter financial results after the closing bell on Wednesday, March 26.
- 03/26/2025
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Steelcase to Webcast Fourth Quarter and Fiscal 2024 Conference Call
- GRAND RAPIDS, Mich., March 06, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its fourth quarter and fiscal year 2025 financial results on Thursday, March 27, 2025 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, March 26, 2025, after the market closes.
- 03/06/2025
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Steelcase Announces New Chief Legal Officer and Secretary
- GRAND RAPIDS, Mich. , Feb. 19, 2025 /PRNewswire/ -- Steelcase (NYSE: SCS), a global design, research and thought leader in the world of work, announced today Megan Blazina has been appointed as vice president, chief legal officer and secretary, effective March 17, 2025.
- 02/19/2025
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3 Stocks to Gain From Trump's Return-to-Office Mandate
- On day one as the 47th President of the United States, Donald Trump signed an executive order mandating all federal employees to return to the office for work “as soon as practicable.” Administration officials released more directives aimed at ending remote work.
- 02/02/2025
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Steelcase: Boring Value For A Hot Market
- The return to office and revenue growth in office furniture has yet to really play out. Steelcase has improved margins and its balance sheet considerably anyway, appears to be taking market share, and its stock is cheap. Should a return to growth materialize, the stock will do very well.
- 01/27/2025
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Steelcase: Trying To Position Away From Corporate Offices
- Steelcase reported stronger growth in Q3 due to stronger shipment timings, but expects to return back to weak organic growth in Q4. The company is trying to diversify its customer base away from corporate customers, as remote work seems to have taken share of Steelcase's market. SCS stock is priced with a fair margin of safety even with expectations of mediocre earnings growth.
- 12/28/2024
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Steelcase Inc. (SCS) Q3 2025 Earnings Call Transcript
- Steelcase Inc. (NYSE:SCS ) Q3 2025 Earnings Conference Call December 19, 2024 8:30 AM ET Company Participants Mike O'Meara - IR Sara Armbruster - President & CEO David Sylvester - SVP & CFO Conference Call Participants Reuben Garner - Benchmark Steven Ramsey - Thompson Research Group Gregory Burns - Sidoti Joseph Gomes - NOBLE Capital Markets Operator Good morning. My name is Rob, and I will be your conference operator today.
- 12/19/2024
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Steelcase (SCS) Q3 Earnings and Revenues Surpass Estimates
- Steelcase (SCS) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.30 per share a year ago.
- 12/18/2024
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Steelcase Reports Third Quarter Fiscal 2025 Results
- GRAND RAPIDS, Mich., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $794.9 million, net income of $19.1 million, or $0.16 per share, and adjusted earnings per share of $0.30. In the prior year, Steelcase reported revenue of $777.9 million and net income of $30.8 million, or $0.26 per share, and had adjusted earnings per share of $0.29.
- 12/18/2024
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Steelcase to Webcast Third Quarter Fiscal 2025 Conference Call
- GRAND RAPIDS, Mich., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its third quarter fiscal year 2025 financial results on Thursday, December 19, 2024 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, December 18, 2024, after the market closes.
- 11/27/2024
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SCS Technologies Saves Time, Reduces Carbon Footprint Using Microsoft RealWear Navigator Z1 for Factory Acceptable Tests
- HOUSTON--(BUSINESS WIRE)-- #CleanEnergy--SCS Technologies (SCS), a leading provider of CO2 measurement systems, methane vapor recovery units and petroleum LACT units, today announced the adoption of Microsoft RealWear Navigator Z1 for its Factory Acceptable Tests (FATs). Watch a demonstration of a virtual FAT inspection on the SCS Technologies YouTube Channel. As an early adopter of Microsoft's industrial wearable technology, SCS can now conduct FATs remotely, increasing productivity while saving the valuable.
- 11/18/2024
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Is Steelcase (SCS) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/31/2024
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Does Steelcase (SCS) Have the Potential to Rally 28.13% as Wall Street Analysts Expect?
- The average of price targets set by Wall Street analysts indicates a potential upside of 28.1% in Steelcase (SCS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 10/21/2024
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Is Steelcase (SCS) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/15/2024
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4 Solid Net Profit Margin Stocks Worth Buying to Boost Returns
- Here, we present four stocks ??? ESEA, QFIN, RCMT and SCS?
- 10/09/2024
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Ryder Systems: Riding The Long-Term Value Chain For Shareholders
- Ryder's share price is poised for growth, driven by the expanding service segments, particularly Supply Chain Solutions (SCS) and Dedicated Transportation Solutions (DTS). The service revenue segment is growing rapidly, now accounting for 66% of second-quarter revenue, with SCS and DTS projected to reach 60% of total revenue soon. Strategic acquisitions and technological advancements, such as Whiplash and RyderShare, enhance Ryder's capabilities in e-commerce and supply chain management, positioning it well for future growth.
- 09/29/2024
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Should Value Investors Buy Steelcase (SCS) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 09/26/2024
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5 Low-Leverage Stocks to Buy Following Fed Interest Rate Cut
- The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You can buy INGR, SCS, HG, ACGL and LMB.
- 09/24/2024
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Steelcase 2024 Impact Report Spotlights New Net-Zero Commitment, Building Community and Belonging
- "Our Work Toward Better Futures" Impact Report outlines goals and progress that demonstrate the organization's commitment to improving the wellbeing of people and the planet. GRAND RAPIDS, Mich.
- 09/23/2024
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Steelcase: A Value Play, Especially After Its Recent Dip
- Steelcase Inc.'s stock dropped 5.7% despite higher-than-expected earnings, due to revenue falling short and weak third-quarter guidance. Despite mixed financial results, Steelcase shares remain cheap on an absolute basis and relative to some peers, justifying a continued “buy” rating. Management expects modest revenue growth but lower earnings per share for the third quarter, yet remains optimistic about annual adjusted earnings.
- 09/19/2024
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Remote and Hybrid Work Are Still Popular. Just Ask This Furniture Maker
- Sure, Amazon.com (AMZN) wants its workers back in the office all week—but based on the latest forecast from Steelcase (SCS), the outlook for offices still is't great.
- 09/19/2024
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Steelcase Inc. (SCS) Q2 2025 Earnings Call Transcript
- Steelcase Inc. (NYSE:SCS ) Q2 2025 Results Conference Call September 19, 2024 8:30 AM ET Company Participants Mike O'Meara - Investor Relations Sara Armbruster - President & Chief Executive Officer Dave Sylvester - Senior Vice President & Chief Financial Officer Conference Call Participants Greg Burns - Sidoti Steven Ramsey - Thompson Research Group Reuben Garner - Benchmark Brian Gordon - Water Tower Research Operator Good morning. My name is Rob, and I will be your conference operator today.
- 09/19/2024
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Steelcase Reports Weak Sales, Joins American Healthcare REIT And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
- U.S. stock futures were higher this morning, with the Dow futures gaining over 1% on Thursday.
- 09/19/2024
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Steelcase (SCS) Q2 Earnings Surpass Estimates
- Steelcase (SCS) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.31 per share a year ago.
- 09/18/2024
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Steelcase says big corporate customers are ordering less office furniture
- Shares of Steelcase Inc. fell after hours on Wednesday after the office-furniture maker's third-quarter sales outlook came up short of Wall Street's estimates, amid weaker demand from big corporate customers and from China.
- 09/18/2024
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Steelcase Reports Second Quarter Fiscal 2025 Results
- GRAND RAPIDS, Mich., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $855.8 million, net income of $63.1 million, or $0.53 per share, and adjusted earnings per share of $0.39. In the prior year, Steelcase reported revenue of $854.6 million, net income of $27.5 million, or $0.23 per share, and adjusted earnings per share of $0.31.
- 09/18/2024
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Steelcase to Webcast Second Quarter Fiscal 2025 Conference Call
- GRAND RAPIDS, Mich., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its second quarter fiscal year 2025 financial results on Thursday, September 19, 2024 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 18, 2024, after the market closes.
- 08/29/2024
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Should Value Investors Buy Steelcase (SCS) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/12/2024
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Steelcase and the Frank Lloyd Wright Foundation Launch Rockford and Galesburg Collections
- The collections reintroduce and reinterpret the architect's mid-century Usonian designs with fine modern furniture for home and the workplace. GRAND RAPIDS, Mich.
- 08/08/2024
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National Advertising Review Board Recommends AT&T Discontinue or Modify Supplemental-Coverage-from-Space Claim
- A panel of the National Advertising Review Board (NARB), the appellate advertising body of BBB National Programs, recommended that AT&T Services, Inc. discontinue or modify the claim that Supplemental Coverage from Space (SCS) is currently available to AT&T consumers. A panel of the National Advertising Review Board (NARB), the appellate advertising body of BBB National Programs, recommended that AT&T Services, Inc. discontinue or modify the claim that Supplemental Coverage from Space (SCS) is currently available to AT&T consumers.
- 08/08/2024
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Buy These 4 Stocks With Rising Cash Flows for Big Gains
- Cash indicates a company's true financial health. It is the key to its existence, development and success.
- 08/08/2024
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Steelcase Inc. (SCS) Hits Fresh High: Is There Still Room to Run?
- Steelcase (SCS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 08/01/2024
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Steelcase (SCS) is on the Move, Here's Why the Trend Could be Sustainable
- Steelcase (SCS) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
- 07/29/2024
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3 Value Stocks Set for Stratospheric Returns
- Even as the S&P 500 reaches new highs, some investors are fleeing to value stocks as their best option for long-term growth. Growing Concerns about the investment concentration in growth indices create cause for concern, as in the S&P 500's increased reliance on high-flying tech stocks like Nvidia (NASDAQ: NVDA ) to keep the party going.
- 07/13/2024
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Surging Earnings Estimates Signal Upside for Steelcase (SCS) Stock
- Steelcase (SCS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 07/12/2024
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Recent Price Trend in Steelcase (SCS) is Your Friend, Here's Why
- Steelcase (SCS) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
- 07/12/2024
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Buy These 4 Stocks With Rising Cash Flows Ahead of Q2 Earnings
- Cash holds the key to a company's existence, development and success, and can indeed be referred to as its lifeblood. So, companies with rising cash flows like SCS, GCT, GPRK and VIRC are worth buying.
- 07/09/2024
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5 Low-Leverage Stocks to Buy Following Key Labor Data Release
- The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy VITL, PHM, ATO, SCS and SKX.
- 07/08/2024
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4 Stocks Worth Buying Now on Solid Net Profit Margin
- Here, we present four stocks, SCS, SGRP, OSW and BRC, with solid net profit margins that can contribute toward making a strong portfolio.
- 07/05/2024
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Are Investors Undervaluing Steelcase (SCS) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/26/2024
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Steelcase to Webcast Presentation at Noble Investor Conference
- GRAND RAPIDS, Mich., June 25, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) announces that Dave Sylvester, Senior Vice President, Chief Financial Officer and Michael O'Meara, Director, Investor Relations and Financial Planning & Analysis, will be presenting at the Noble Capital Markets' Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on June 26, 2024. The presentation is scheduled for 3:00 p.m. ET and will be webcast. Scheduled 1x1 meetings are also available for registered, qualified investor attendees.
- 06/25/2024
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3 Top-Ranked Efficient Stocks to Increase Your Portfolio Returns
- Invest in companies like Veracyte (VCYT), Steelcase (SCS) and Applied Industrial Technologies (AIT), as they boast higher efficiency levels.
- 06/25/2024
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3 Cheap Stocks to Buy for Growth & Value
- Rising earnings estimates are helping to make the case that these highly ranked stocks are indeed cheap with now looking like an ideal time to buy considering their attractive growth trajectories and reasonable valuations.
- 06/24/2024
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What Makes Steelcase (SCS) a New Strong Buy Stock
- Steelcase (SCS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 06/24/2024
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Best Momentum Stock to Buy for June 24th
- SCS, BKNIY and RMD made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 24, 2024.
- 06/24/2024
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Steelcase (SCS) Is a Great Choice for 'Trend' Investors, Here's Why
- Steelcase (SCS) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
- 06/24/2024
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Why Fast-paced Mover Steelcase (SCS) Is a Great Choice for Value Investors
- Steelcase (SCS) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 06/24/2024
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New Strong Buy Stocks for June 24th
- LZB, SCS, EAT, APTV and ODP have been added to the Zacks Rank #1 (Strong Buy) List on June 24, 2024.
- 06/24/2024
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Steelcase Inc. (SCS) Q1 2025 Earnings Call Transcript
- Steelcase Inc. (NYSE:SCS ) Q1 2025 Earnings Conference Call June 20, 2024 8:30 AM ET Company Participants Mike O'Meara - Investor Relations Sara Armbruster - President & Chief Executive Officer Dave Sylvester - Senior Vice President & Chief Financial Officer Conference Call Participants Reuben Garner - Benchmark Greg Burns - Sidoti & Company Brian Gordon - Water Tower Research Chris White - Thompson Research Group Operator Good morning. My name is Sarah, and I will be your conference operator today.
- 06/20/2024
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Steelcase (SCS) Tops Q1 Earnings Estimates
- Steelcase (SCS) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.09 per share a year ago.
- 06/20/2024
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Steelcase Reports First Quarter Fiscal 2025 Results
- GRAND RAPIDS, Mich., June 20, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported first quarter revenue of $727.3 million, net income of $10.9 million, or $0.09 per share, and adjusted earnings per share of $0.16. In the prior year, Steelcase reported revenue of $751.9 million, net income of $1.5 million, or $0.01 per share, and adjusted earnings per share of $0.09.
- 06/20/2024
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Steelcase to Webcast First Quarter Fiscal 2025 Conference Call - Update
- GRAND RAPIDS, Mich., June 17, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its first quarter fiscal year 2025 financial results on Thursday, June 20, 2024 at 8:30 a.m. ET. A link to the webcast will be available at https://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued before the market opens on June 20, 2024, which is a change from the previously announced date of after the market closes on June 19, 2024.
- 06/17/2024
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How To Earn $500 A Month From Steelcase Stock Ahead Of Q1 Earnings Report
- Steelcase Inc. SCS is set to release earnings results for its first quarter, after the closing bell on Wednesday.
- 06/17/2024
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Dimon, Fraser and Moynihan will attend private Trump CEO meeting — some others will skip
- Jamie Dimon, Jane Fraser and several other major business leaders will attend a private meeting Thursday where Donald Trump is set to speak. Over a dozen others who were invited to the meeting say they are sitting it out.
- 06/12/2024
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7 Small-Cap Value Stocks Leaving the S&P 500 in the Dust
- Even as the S&P 500 reaches new highs, some investors view small-cap value stocks as the best option for long-term growth. Concerns are growing about the concentration of investments in index-based stocks.
- 06/12/2024
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Steelcase and Logitech Introduce Extended Reality Experience Ocular™ View
- Leaders in hybrid collaboration and technology create more realistic virtual connections for better meetings in the office. GRAND RAPIDS, MIich.
- 06/11/2024
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Steelcase Commits to a Net-Zero Future by 2050
- Company unveils its industry-first transition plan to cut carbon emissions over 90% throughout its value chain. GRAND RAPIDS, Mich.
- 06/10/2024
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Steelcase to Webcast First Quarter Fiscal 2025 Conference Call
- GRAND RAPIDS, Mich., May 30, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its first quarter fiscal year 2025 financial results on Thursday, June 20, 2024 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, June 19, 2024, after the market closes.
- 05/30/2024
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Clearside Biomedical Announces Publication of Consensus Guidelines for Drug Delivery via Suprachoroidal Space (SCS®) Injection in Leading Peer-Reviewed Industry Journal, RETINA®
- - Expert Panel of Ophthalmologists Developed Professional Guidelines in Using the Innovative Technique for Retinal Therapeutic Delivery -
- 05/21/2024
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Panagora Asset Management Inc. Has $3.28 Million Stock Position in Steelcase Inc. (NYSE:SCS)
- Panagora Asset Management Inc. raised its stake in Steelcase Inc. (NYSE:SCS – Free Report) by 80.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,690 shares of the business services provider’s stock after acquiring an additional 108,542 shares during the quarter. Panagora Asset Management Inc. owned about 0.21% of Steelcase worth $3,281,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors also recently modified their holdings of the company. USA Financial Formulas acquired a new stake in shares of Steelcase in the fourth quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC increased its stake in shares of Steelcase by 219.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,828 shares of the business services provider’s stock valued at $65,000 after buying an additional 4,006 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Steelcase during the third quarter worth $88,000. Strs Ohio acquired a new position in shares of Steelcase during the third quarter valued at $102,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Steelcase in the third quarter valued at about $111,000. 92.42% of the stock is owned by institutional investors. Insider Activity at Steelcase In other news, VP Robert G. Krestakos sold 4,000 shares of Steelcase stock in a transaction on Monday, March 25th. The shares were sold at an average price of $12.61, for a total transaction of $50,440.00. Following the transaction, the vice president now directly owns 108,081 shares of the company’s stock, valued at $1,362,901.41. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 12.72% of the company’s stock. Steelcase Price Performance SCS opened at $13.63 on Monday. The company has a fifty day moving average price of $12.62 and a two-hundred day moving average price of $12.65. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.58. The firm has a market capitalization of $1.56 billion, a PE ratio of 20.04, a P/E/G ratio of 1.48 and a beta of 1.32. Steelcase Inc. has a 52 week low of $6.39 and a 52 week high of $14.54. Steelcase (NYSE:SCS – Get Free Report) last released its quarterly earnings data on Wednesday, March 20th. The business services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Steelcase had a return on equity of 12.87% and a net margin of 2.57%. The business had revenue of $775.20 million during the quarter, compared to the consensus estimate of $780.25 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. As a group, analysts anticipate that Steelcase Inc. will post 0.92 earnings per share for the current year. Steelcase Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Tuesday, April 2nd. Steelcase’s dividend payout ratio is currently 58.82%. Analyst Upgrades and Downgrades Separately, StockNews.com raised Steelcase from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. Read Our Latest Stock Report on Steelcase About Steelcase (Free Report) Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.
- 05/20/2024
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Analyzing Ryder System (NYSE:R) and Zoomcar (NASDAQ:ZCAR)
- Ryder System (NYSE:R – Get Free Report) and Zoomcar (NASDAQ:ZCAR – Get Free Report) are both transportation companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, dividends, risk, analyst recommendations, profitability, valuation and earnings. Profitability This table compares Ryder System and Zoomcar’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Ryder System 2.95% 18.38% 3.62% Zoomcar N/A -13.53% 48.39% Analyst Recommendations This is a breakdown of current ratings and recommmendations for Ryder System and Zoomcar, as reported by MarketBeat. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Ryder System 0 5 2 0 2.29 Zoomcar 0 0 0 0 N/A Ryder System presently has a consensus target price of $126.83, indicating a potential upside of 0.88%. Given Ryder System’s higher possible upside, analysts plainly believe Ryder System is more favorable than Zoomcar. Institutional & Insider Ownership 87.5% of Ryder System shares are owned by institutional investors. Comparatively, 3.7% of Zoomcar shares are owned by institutional investors. 5.1% of Ryder System shares are owned by insiders. Comparatively, 2.2% of Zoomcar shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth. Risk and Volatility Ryder System has a beta of 1.38, suggesting that its share price is 38% more volatile than the S&P 500. Comparatively, Zoomcar has a beta of -0.31, suggesting that its share price is 131% less volatile than the S&P 500. Earnings & Valuation This table compares Ryder System and Zoomcar’s revenue, earnings per share and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Ryder System $12.07 billion 0.46 $406.00 million $7.68 16.37 Zoomcar $9.87 million 1.56 -$4.63 million N/A N/A Ryder System has higher revenue and earnings than Zoomcar. Summary Ryder System beats Zoomcar on 9 of the 11 factors compared between the two stocks. About Ryder System (Get Free Report) Ryder System, Inc. operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services. The DTS segment offers equipment, maintenance, drivers, administrative, and additional services, as well as routing and scheduling, fleet sizing, safety, regulatory compliance, risk management, and technology and communication systems support services. The SCS segment comprises distribution management services, such as designing and managing customer's distribution network and facilities; coordinating warehousing and transportation for inbound and outbound material flows; handling import and export for international shipments; coordinating just-in-time replenishment of component parts to manufacturing and final assembly; and offering shipments to customer distribution centers or end customer delivery points, as well as other value added services, such as light assembly of components. This segment also offers transportation management and brokerage services, such as shipment optimization, load scheduling, and delivery confirmation services; knowledge-based professional services; and e-commerce and last mile services. The company was founded in 1933 and is headquartered in Coral Gables, Florida. About Zoomcar (Get Free Report) Zoomcar Holdings, Inc. operates a marketplace for car sharing in India, Indonesia, and Egypt. It connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. The company was founded in 2013 and is based in Bronxville, New York.
- 05/20/2024
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Is Steelcase (SCS) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/15/2024
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Pocket-Sized Powerhouses: 7 Small-Cap Value Stocks Ready to Roar
- As the S&P 500 races toward new highs, some investors see small-cap value stocks as the best bet for long-term growth amid growing concerns about index-based stock concentration. As mega-caps like Nvidia (NASDAQ: NVDA ) disproportionately drive the S&P 500's performance, the index becomes more vulnerable to fluctuations—a few missteps could significantly impact your entire portfolio.
- 05/13/2024
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7 Diamond-in-the-Rough Stocks Worth Digging Up Now
- “Undervalued stocks” is a relative term — for some, it may mean a tech stock in a temporary dip; for others, it means deep value stock analysis involving obscure and esoteric multiples and calculations. These companies blend the best of undervalued stock objectives.
- 04/29/2024
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3 Stocks That Wall Street Is Quietly Snapping Up Right Now
- Seeing which stocks Wall Street is buying isn't a foolproof investment strategy. Still, retail investors should carefully watch how top analysts and “smart money” stakeholders navigate the current economic landscape.
- 04/24/2024
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7 Under $50 Stocks to Buy Now: Q2 Edition
- Fifty dollars doesn't go very far today—unless you're looking for under-$50 stocks to buy now and round out your portfolio. Although inflation growth may be declining, the current cost of goods and services remains significantly higher than two years ago.
- 04/17/2024
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The 3 Most Undervalued Stocks to Buy for Skyrocketing Riches
- As inflation gets hotter than expected, finding undervalued stocks is trickier than ever. Mega-cap market drivers like Nvidia (NASDAQ: NVDA ) may enter correction territory as shares in the specific stock dropped nearly 10% since March highs.
- 04/11/2024
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The 7 Most Undervalued Stocks Under $20 to Buy in April 2024
- Twenty dollars doesn't stretch very far today—except when investing in these most undervalued stocks under $20 to buy in April. While inflation growth may be on the decline, the current cost of goods and services is still significantly higher than it was just two years ago.
- 04/03/2024
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Thinking Small, Winning Big: 7 Small-Cap Stocks to Supercharge Your Portfolio
- If you're searching for the best small-cap stocks to buy right now, look no further. Small-cap stocks are set to continue their record run as indices like the S&P 600 begin building momentum in light of rate cutting expectations and an improved economic outlook.
- 04/02/2024
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April Showers Bring Market Powers: 7 Stocks to Snatch Up This Spring
- March remained a solid stock season, and all signs point to continued strength if you're looking for stocks to buy in April. Though inflation seems mildly stickier than previously planned, most expect the planned rate cuts to go into effect later this year, creating continued market momentum that's surprisingly hard to shake.
- 03/31/2024
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The Rate Drop Jackpot: 3 Stocks to Snag on the Next Fed Cut
- Though 2024's rate cut prospects remain somewhat uncertain, with Federal Reserve officials flip-flopping between “higher for longer” and planned drawdowns, preparing your portfolio for the inevitability is still a useful exercise. Remember that investors waiting on the sidelines and keeping cash in expectation of a massive market crash over the past year missed out on more than 30% gains in the S&P 500.
- 03/26/2024
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Steelcase Inc. (SCS) Q4 2024 Earnings Call Transcript
- Steelcase Inc. (SCS) Q4 2024 Earnings Call Transcript
- 03/21/2024
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Why Steelcase Stock Is Down Today
- Steelcase beat quarterly earnings expectations, but growth, especially outside North America, remains tepid. The company sees signs of employees returning to work.
- 03/21/2024
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Steelcase Reports Fourth Quarter and Fiscal 2024 Results
- GRAND RAPIDS, Mich., March 20, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $775.2 million, net income of $21.3 million, or $0.18 per share, and adjusted earnings per share of $0.23. In the prior year, Steelcase reported revenue of $801.7 million, net income of $15.7 million, or $0.13 per share, and adjusted earnings per share of $0.19.
- 03/20/2024
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The 3 Best-Kept Secrets on Wall Street to Invest In Now
- Finding the best-kept Wall Street secrets is tough because, well, if it were easy, they wouldn't be secrets. Today's top stocks tend to be large-cap tech names with rapid (and arguably unsustainable) growth that frustrates latecomer investors when that momentum slows.
- 03/09/2024
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Steelcase: A Challenging Turnaround Case
- Steelcase is undergoing a turnaround, with minimal revenue growth and declining returns over the past 11 years. The office furniture sector is not a high-growth industry, but Steelcase has managed to control its SGA margins and shows signs of improving its contribution margin. Apart from being financially sound, the company has a 30% margin of safety based on its EPV, making it a worthwhile investment opportunity.
- 03/08/2024
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The Top 7 Under-$15 Stocks to Buy in March 2024
- Fifteen bucks won't go too far these days – unless you want to invest in these under-$15 stocks to buy. Inflation growth may be falling, which obscures the real fact that pricing today for goods and services remains higher than just two years ago.
- 03/07/2024
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3 Work-From-Home Stocks Still Going Strong
- Despite experiencing ups and downs in 2023, work-from-home stocks continue to offer significant upside in our changing economy. The pandemic-induced remote work shift saw an average worker spending over 60% of their workdays from home in 2020.
- 03/02/2024
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Steelcase to Webcast Fourth Quarter and Fiscal 2024 Conference Call
- GRAND RAPIDS, Mich., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its fourth quarter and fiscal year 2024 financial results on Thursday, March 21, 2024 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, March 20, 2024, after the market closes.
- 02/29/2024
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Steelcase Earns Top Score in Industry for Climate Change Disclosure From CDP
- Ranking in the top 5% of 23,000+ participating companies, the organization has earned an A- for disclosing its best practice environmental strategy and actions. GRAND RAPIDS, Mich.
- 02/19/2024
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Best Value Stocks to Buy for February 13th
- GFF, AZZ and SCS made it to the Zacks Rank #1 (Strong Buy) value stocks list on February 13, 2023.
- 02/13/2024
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5 Low Leverage Stocks to Buy as U.S. Consumer Credit Falls
- The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy AIT, ARCH, HIG, PLAB and SCS.
- 02/08/2024
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3 Industrial Stocks Driving Manufacturing Forward
- Industrial stocks encompass a wide variety of industries. These include.s aerospace and defense, transportation services, logistics, agriculture, construction and engineering, building products and electrical components.
- 02/05/2024
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Best Value Stocks to Buy for January 31st
- YPF, AMWD and SCS made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 31, 2024.
- 01/31/2024
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Best Income Stocks to Buy for January 23rd
- SCS, HMC and AEO made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 23, 2023.
- 01/23/2024
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Best Value Stocks to Buy for January 23rd
- ICAGY, KGS and SCS made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 23, 2023.
- 01/23/2024
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Steelcase (SCS) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
- Steelcase (SCS) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
- 01/19/2024
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Despite Fast-paced Momentum, Steelcase (SCS) Is Still a Bargain Stock
- Steelcase (SCS) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 01/16/2024
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New Strong Buy Stocks for January 16th
- CPA, SCS, KOF, CLF and AIZ have been added to the Zacks Rank #1 (Strong Buy) List on January 16, 2024.
- 01/16/2024
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3 Stocks Capitalizing on the Continued Popularity of Remote Work
- Though remote work trends got a little slippery in 2023, there's no doubt that remote work stocks retain an advantage in today's economy. In 2020, more than 60% of an average worker's days were at home, and the figure dropped to about 25% in 2023.
- 01/09/2024
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Steelcase (SCS) Is Attractively Priced Despite Fast-paced Momentum
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Steelcase (SCS) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 12/26/2023
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3 Stocks to Avoid This Week
- There are near-term concerns for Alibaba, Steelcase, and JD.com this week. Alibaba and JD.com are trading lower this year, making them tax-loss selling targets in a climate that's been unkind to Chinese growth stocks.
- 12/26/2023
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Steelcase: Improving Profits And Strong Cash Flow Generation (Rating Upgrade)
- Steelcase Inc. stock has increased by 105.69% in the past year but is still below historic levels. The company's Q3 earnings per share beat expectations by $0.70, but revenue fell short. Steelcase has seen a 15% year-over-year increase in orders and has shown improved gross profit margin and liquidity.
- 12/24/2023
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Earnings Estimates Rising for Steelcase (SCS): Will It Gain?
- Steelcase (SCS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 12/22/2023
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Steelcase (SCS) Q3 Earnings Surpass Estimates
- Steelcase (SCS) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.20 per share a year ago.
- 12/19/2023
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Steelcase Inc. (SCS) to Report Q3 Earnings: What's in the Offing?
- Steelcases (SCS) third-quarter fiscal 2024 earnings and revenues are expected to have decreased year over year.
- 12/14/2023
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Steelcase to Webcast Third Quarter Fiscal 2024 Conference Call
- GRAND RAPIDS, Mich., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its third quarter fiscal year 2024 financial results on Wednesday, December 20, 2023 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, December 19, 2023, after the market closes.
- 11/29/2023
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New Strong Buy Stocks for November 17th
- DDL, FINW, SCS, PGR and ITGR have been added to the Zacks Rank #1 (Strong Buy) List on November 17, 2023.
- 11/17/2023
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Best Value Stocks to Buy for November 17th
- FMN, SCS and ITGR made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 17, 2023.
- 11/17/2023
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Steelcase: Back To Office, Back On Growth
- With more workers expected to return to the office, Steelcase is likely to experience a favorable environment for revenue recovery. Margins are also expected to improve further due to lower raw material prices. Despite the absence of a specific triggering factor, the company appears to be undervalued and is likely to attract investors' attention.
- 10/15/2023
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3 Stocks Trading Near 52-Week High With More Upside Potential
- Investors target stocks that have been on a bullish run lately. Stocks like CWCO, FLR and SCS are seeing price strength and have a high chance of carrying the momentum forward.
- 10/10/2023
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New Strong Buy Stocks for October 10th
- CMPR, PARR, SCS, STLA and HLLY have been added to the Zacks Rank #1 (Strong Buy) List on October 10, 2023.
- 10/10/2023
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What Makes Steelcase (SCS) a Strong Momentum Stock: Buy Now?
- Does Steelcase (SCS) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 10/09/2023
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Steelcase (SCS) Shows Fast-paced Momentum But Is Still a Bargain Stock
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Steelcase (SCS) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 10/06/2023
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New Strong Buy Stocks for October 4th
- SCS, APA, BRLT, FLWS and NTES have been added to the Zacks Rank #1 (Strong Buy) List on October 4, 2023.
- 10/04/2023
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Bet on These 5 Low-Leverage Stocks as Oil Prices Dip
- The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy LNN, AMAL, GME, SCS and LMB.
- 09/29/2023
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Why Steelcase Stock Popped 21.3% This Week
- Steelcase delivered better-than-expected revenue and strong earnings growth with its latest quarter. Management credited the beat to pricing power and improved fulfillment patterns.
- 09/22/2023
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Steelcase (SCS) Is Up 4.25% in One Week: What You Should Know
- Does Steelcase (SCS) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 09/22/2023
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Why Steelcase (SCS) Might be Well Poised for a Surge
- Steelcase (SCS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 09/21/2023
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Why Steelcase Stock Jumped Today
- Steelcase beat estimates on the top and bottom lines. Revenue growth is still challenged, but it's raising prices and expanding margins.
- 09/20/2023
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Here Is Why Bargain Hunters Would Love Fast-paced Mover Steelcase (SCS)
- Steelcase (SCS) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 09/20/2023
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Steelcase stocks gains on office furniture brand positive guidance
- Steelcase Inc (NYSE:SCS) stock was up around 4% in Wednesday's early deals after the office furniture firm gave more upbeat outlook amidst the trend for ‘back to office' mandates across many business sectors in 2023. As more employers revert, either to full-time or hybrid office work, the company said it was “optimistic” of improving demand for its chairs, desk and office storage products.
- 09/20/2023
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Steelcase (SCS) Q2 Earnings and Revenues Beat Estimates
- Steelcase (SCS) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.21 per share a year ago.
- 09/19/2023
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Steelcase expects ‘significantly improved' profit, as more employees return to offices
- Shares of Steelcase Inc. rallied after hours on Tuesday, after the office-furniture maker said it expects “significantly improved” profit as more employers order their workers back to the office.
- 09/19/2023
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3 Stocks to Avoid This Week
- There are near-term concerns for Stitch Fix, Steelcase, and Carvana this week. Revenue declines continue at Stitch Fix, and it's still far from turning the corner of profitability.
- 09/18/2023
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Steelcase to Webcast Second Quarter Fiscal 2024 Conference Call
- GRAND RAPIDS, Mich., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its second quarter fiscal year 2024 financial results on Wednesday, September 20, 2023 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 19, 2023, after the market closes.
- 08/29/2023
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Steelcase to Participate in Midwest IDEAS Investor Conference
- GRAND RAPIDS, Mich., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) announces that Dave Sylvester, Senior Vice President and CFO, and Mike O'Meara, Director, Investor Relations, will present at the Midwest IDEAS Investor Conference on Wednesday, August 23, 2023, at 2:20 p.m. EDT via live webcast. A link to the webcast will be available at http://ir.steelcase.com.
- 08/16/2023
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Why Steelcase Stock Rocketed 8% Higher on Thursday
- The furniture maker unveiled its latest set of quarterly earnings. It beat analyst estimates on both the top and bottom lines.
- 06/22/2023
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Steelcase (SCS) Q1 Earnings and Revenues Top Estimates
- Steelcase (SCS) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.05 per share a year ago.
- 06/21/2023
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Steelcase stock rises after earnings, although executives warn of ‘challenging' environment for workplace furniture
- Shares of office-furniture supplier Steelcase Inc. SCS, -1.90% rose on Wednesday reported first-quarter results that beat estimates, but its second-quarter sales forecast came up short of Wall Street's expectations, as demand remains in flux even as more corporate staff return to offices. The company reported first-quarter net income of $1.5 million, or 1 cent per share, contrasting with a loss of $11.4 million, or 10 cents a share, in the same quarter last year.
- 06/21/2023
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Steelcase to Webcast First Quarter Fiscal 2024 Conference Call
- GRAND RAPIDS, Mich., June 01, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its first quarter fiscal year 2024 financial results on Thursday, June 22, 2023 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, June 21, 2023, after the market closes.
- 06/01/2023
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New Strong Buy Stocks for May 17th
- EPM, SCS, TGS, IFNNY and SWRAY have been added to the Zacks Rank #1 (Strong Buy) List on May 17, 2023.
- 05/17/2023
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Best Value Stocks to Buy for May 17th
- EPM and SCS made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 17, 2023.
- 05/17/2023
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Best Income Stocks to Buy for May 17th
- SWRAY, EPM and SCS made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 17, 2023.
- 05/17/2023
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New Strong Buy Stocks for May 2nd
- SCS, MHO, GFI, SLCA and TNET have been added to the Zacks Rank #1 (Strong Buy) List on May 2nd, 2023.
- 05/02/2023
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Steelcase: A Turnaround Story (Rating Upgrade)
- Steelcase: A Turnaround Story (Rating Upgrade).
- 04/19/2023
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Steelcase to Host, Webcast Investor Day May 4
- GRAND RAPIDS, Mich., April 17, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will hold an Investor Day event Thursday, May 4, 2023, at the Steelcase WorkLife Center, 4 Columbus Circle, New York, NY. The event will also be available by live webcast. Presentations by Sara Armbruster, President and CEO, and other Steelcase management will begin at 9:00 a.m. ET.
- 04/17/2023
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Steelcase Makes the Case for the Taking Longs
- Office furniture maker Steelcase Inc. (NYSE:SCS) stock may be staging a turnaround as it attempts to break out of a weekly descending triangle price pattern. Steelcase manufactures and sells office furniture to large corporations, hospitals, schools, and the government and sells its products through an extensive dealer network.
- 04/06/2023
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Why Steelcase Stock Popped Today
- Price hikes led to an increase in profits. Management expects earnings to continue to rise in the new fiscal year.
- 03/24/2023
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Steelcase stock jumps 12% as quarterly orders grow on return-to-work trends
- Shares of Steelcase Inc. SCS, -1.78% rallied 12% in the extended session Wednesday after the office furniture maker reported adjusted quarterly earnings and sales above Wall Street expectations, saying that orders in its Americas region were stronger than it expected as workers were back at offices. Steelcase earned $15.7 million, or 13 cents a share, in the quarter, contrasting with a loss of $2.2 million, or 2 cents a share, in the year-ago period.
- 03/22/2023
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Steelcase to Webcast Fourth Quarter and Fiscal 2023 Conference Call
- GRAND RAPIDS, Mich., March 02, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its fourth quarter and fiscal year 2023 financial results on Thursday, March 23, 2023 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, March 22, 2023, after the market closes.
- 03/02/2023
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Steelcase Inc. (SCS) Q3 2023 Earnings Call Transcript
- Steelcase Inc. (NYSE:SCS ) Q3 2023 Results Earnings Conference Call December 20, 2022 8:30 AM ET Company Participants Mike O'Meara - Director, Investor Relations and Financial Planning and Analysis Sara Armbruster - President and Chief Executive Officer David Sylvester - Senior Vice President and Chief Financial Officer Conference Call Participants Reuben Garner - The Benchmark Company Greg Burns - Sidoti & Company Steven Ramsey - Thompson Research Group Budd Bugatch - Water Tower Research Operator Good morning. My name is Rob and I will be your conference operator today.
- 12/20/2022
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3 Stocks to Avoid This Week
- These investments seem pretty vulnerable right now.
- 12/19/2022
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Steelcase to Webcast Third Quarter Conference Call
- GRAND RAPIDS, Mich., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its third quarter fiscal year 2023 financial results on Tuesday, December 20, 2022 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, December 19, 2022, after the market closes.
- 11/30/2022
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Why Steelcase Stock Swooned by 10% Today
- A bottom-line beat was convincing, but guidance for the current quarter fell short.
- 09/22/2022
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Steelcase (SCS) Q2 2023 Earnings Call Transcript
- Steelcase Inc. (NYSE:SCS ) Q2 2023 Earnings Conference Call September 22, 2022 8:30 AM ET Company Participants Sara Armbruster - President, Chief Executive Officer David Sylvester - Senior Vice President, Chief Financial Officer Mike O'Meara - Director, Investor Relations Conference Call Participants Reuben Garner - Benchmark Company Bud Bugatch - Water Tower Research Steven Ramsey - Thompson Research Operator Good morning. My name is Rex and I will be your conference Operator today.
- 09/22/2022
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What Steelcase's Earnings Say About the Return to the Office?
- This article looks at what Steelcase said in its earnings report and why it could be a leading indicator of what is coming for the next several quarters.
- 09/22/2022
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Steelcase plans job cuts on 'lower than expected return-to-office trends'
- Steelcase SCS, -1.28% on Wednesday said it planned to cut up to 180 salaried positions in the third quarter, citing a "recent volume decline in our incoming orders and lower than expected return-to-office trends in the Americas." The maker of furniture and other supplies for offices, hospitals and classrooms said the move, intended to cut expenses, targeted around $20 million of annualized spending.
- 09/21/2022
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Steelcase: Expect Management To Continue To Deliver
- Steelcase has had an interesting couple of quarters, with revenue and profits both improving in the latest timeframe. Management currently has high expectations for this year and, on a forward basis, shares look quite cheap.
- 09/07/2022
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Steelcase to Webcast Second Quarter Conference Call
- GRAND RAPIDS, Mich., Sept. 01, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its second quarter fiscal year 2023 financial results on Thursday, September 22, 2022 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 21, 2022, after the market closes.
- 09/01/2022
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The 7 Best Dividend Stocks Under $25 for July
- Investors searching for the next great investment idea generally want to spread a wide net. If they're interested in dividend stocks, the price might not be as important as the payment's yield or growth.
- 07/14/2022
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Steelcase: Strong Forward Earnings Growth To Finally Move The Share-Price
- Steelcase sales and earnings come in well ahead of expectations in Q1. Momentum is set to continue in the second quarter.
- 06/24/2022
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Steelcase Inc. (SCS) CEO Sara Armbruster on Q1 2023 Results - Earnings Call Transcript
- Steelcase Inc. (NYSE:SCS ) Q1 2023 Earnings Conference Call June 23, 2022 8:30 AM ET Company Participants Michael O'Meara - Director, Investor Relations and Financial Planning and Analysis Sara Armbruster - President and Chief Executive Officer David Sylvester - Senior Vice President and Chief Financial Officer Conference Call Participants Greg Burns - Sidoti Kathryn Thompson - Thompson Research Group Budd Bugatch - Water Tower Research Operator Good morning. My name is Rob and I will be your conference operator today.
- 06/23/2022
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It's A Comfortable Time To Buy Steelcase
- Steelcase (NYSE: SCS), a maker of office and industrial purpose furniture, has been struggling over the past few years but those times are changing. Postponed demand and a return to in-person operations at many businesses have reinvigorated the company and have it set up to outperform in 2022.
- 06/23/2022
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5 Stocks To Watch For June 23, 2022: FedEx, Accenture And More
- Some of the stocks that may grab investor focus today are: Wall Street expects Accenture plc (NYSE: ACN) to report quarterly earnings at $2.74 per share on revenue of $15.35 billion before the opening bell. Accenture shares fell 0.7% to $284.35 in after-hours trading.
- 06/23/2022
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Steelcase Shares Surge On Solid Q1 Results, Clocks 33% Revenue Growth
- Steelcase Inc. (NYSE: SCS) reported first-quarter revenue growth of 33% year-over-year to $740.70 million, +35% on an organic basis, beating the consensus of $690.94 million. Adjusted EPS was $(0.05), beating the consensus of $(0.18).
- 06/22/2022
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5 Dividend Stocks Gurus Are Building Positions In
- As investors continue to contend with market volatility, five high dividend yield stocks with a high number of guru buys as of the first-quarter 13F filing date are Verizon Communications Inc. ( VZ , Financial), 3M Co. ( MMM , Financial), AT&T Inc. ( T , Financial), Gilead Sciences Inc. ( GILD , Financial) and Steelchase Inc. ( SCS , Financial) according to the Dividend Stocks Screen, a Premium feature of GuruFocus.
- 06/07/2022
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Steelcase Inc. (SCS) CEO Sara Armbruster on Q4 2022 Results - Earnings Call Transcript
- Steelcase Inc. (SCS) CEO Sara Armbruster on Q4 2022 Results - Earnings Call Transcript
- 03/24/2022
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Steelcase to Webcast Fourth Quarter and Fiscal 2022 Conference Call
- GRAND RAPIDS, Mich., March 03, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its fourth quarter and fiscal year 2022 financial results on Thursday, March 24, 2022 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, March 23, 2022, after the market closes.
- 03/03/2022
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Steelcase Inc. (SCS) CEO Sara Armbruster on Q3 2022 Results - Earnings Call Transcript
- Steelcase Inc. (SCS) CEO Sara Armbruster on Q3 2022 Results - Earnings Call Transcript
- 12/17/2021
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Recap: Steelcase Q3 Earnings
- Steelcase (NYSE:SCS) reported its Q3 earnings results on Thursday, December 16, 2021 at 04:05 PM. Here's what investors need to know about the announcement.
- 12/16/2021
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Steelcase Earnings Preview
- Steelcase (NYSE:SCS) is set to give its latest quarterly earnings report on Thursday, 2021-12-16. Here's what investors need to know before the announcement.
- 12/15/2021
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Steelcase: When Returns Justify Trying To Catch A Falling Knife
- Steelcase had a robust operating history in the years leading up to the COVID-19 pandemic, but the crisis proved to be painful for shareholders. This year, the picture is continuing to show signs of decline, but this doesn't mean the company is a bad prospect.
- 11/25/2021
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Steelcase to Webcast Third Quarter Conference Call
- GRAND RAPIDS, Mich., Nov. 24, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its third quarter fiscal year 2022 financial results on Friday, December 17, 2021 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, December 16, 2021, after the market closes.
- 11/24/2021
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What's Next For Steelcase Stock?
- We believe that Steelcase stock (NYSE: SCS), a designer, marketer, and manufacturer of office furniture and complementary products and services, is a good buying opportunity at the present time. SCS stock trades near $13 currently and it is, in fact, down 35% from its pre-Covid high of around $19.
- 10/04/2021
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Sara Armbruster becomes Steelcase President and Chief Executive Officer
- Armbruster is the 10th CEO in the 109-year history of Steelcase Armbruster is the 10th CEO in the 109-year history of Steelcase
- 10/04/2021
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Steelcase Inc. (SCS) CEO Jim Keane on Q2 2022 Results - Earnings Call Transcript
- Steelcase Inc. (SCS) CEO Jim Keane on Q2 2022 Results - Earnings Call Transcript
- 09/23/2021
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Steelcase Reports Second Quarter Fiscal 2022 Results
- GRAND RAPIDS, Mich., Sept. 22, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $724.8 million and net income of $24.7 million, or $0.21 per share. In the prior year, Steelcase reported revenue of $818.8 million and net income of $55.5 million, or $0.47 per share and adjusted earnings of $0.55 per share. In the prior year, revenue benefited from a stronger beginning backlog due to pandemic-related restrictions on manufacturing and delivery activities during the previous quarter, and net income benefited from significant temporary cost reduction actions.
- 09/22/2021
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Preview: Steelcase's Earnings
- SCS is set to give its latest quarterly earnings report on Wednesday , 2021-09-22. Here's what investors need to know before the announcement.
- 09/21/2021
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Steelcase: Good Time To Start Averaging Down
- Sales still didn't recover from the coronavirus pandemic crisis. Prices for raw materials are declining again after skyrocketing during the first half of calendar 2021.
- 09/10/2021
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Steelcase to Webcast Second Quarter Conference Call
- GRAND RAPIDS, Mich., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its second quarter fiscal year 2022 financial results on Thursday, September 23, 2021 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 22, 2021, after the market closes.
- 09/01/2021
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Steelcase to Participate in Water Tower Research Fireside Chat Series
- GRAND RAPIDS, Mich., Aug. 25, 2021 (GLOBE NEWSWIRE) -- Steelcase, Inc. (NYSE: SCS) announces that Jim Keane, President and CEO, will participate in the Water Tower Research Fireside Chat Series on Tuesday, August 31, 2021, at 11:30 a.m. ET via live webcast. A link to the webcast and registration will be available at http://ir.steelcase.com . A replay will be available shortly after the webcast concludes.
- 08/25/2021
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Is Steelcase Stock A Buy?
- 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.
- 07/29/2021
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Steelcase to Participate in Water Tower Research Fireside Chat Series
- GRAND RAPIDS, Mich., July 19, 2021 (GLOBE NEWSWIRE) -- Steelcase, Inc. (NYSE: SCS) announces that David Sylvester, Senior Vice President and Chief Financial Officer and Allan Smith, Vice President, Global Marketing will participate in the Water Tower Research Fireside Chat Series tomorrow, Tuesday, July 20, 2021, at 3:30 p.m. ET via live webcast. A link to the webcast and registration will be available at http://ir.steelcase.com . A replay will be available shortly after the webcast concludes.
- 07/19/2021
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Top Piotroski-Graham Long-Term Value Stocks: July 2021 Semi-Annual Selections
- These value picks mark the 21st portfolio formed since 2017 to evaluate the top-rated one-year buy/hold models of the Joseph Piotroski & Benjamin Graham value algorithms. The past 6 value portfolios have returned: Jan 2021 +42.4%, Jul 2020 +50.4%, Mar 2020 +22.2%, Jan 2020 +2.8%, Nov 2019 -7.2%, and Sep 2019 +39.8%.
- 07/05/2021
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3 Stocks to Avoid This Week
- These investments seem pretty vulnerable right now.
- 06/28/2021
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Steelcase Inc. (SCS) CEO Jim Keane on Q1 2022 Results - Earnings Call Transcript
- Steelcase Inc. (SCS) CEO Jim Keane on Q1 2022 Results - Earnings Call Transcript
- 06/24/2021
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Recap: Steelcase Q1 Earnings
- Shares of Steelcase (NYSE:SCS) rose in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 33.33% over the past year to ($0.24), which beat the estimate of ($0.31).
- 06/23/2021
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Steelcase Reports First Quarter Fiscal 2022 Results
- GRAND RAPIDS, Mich., June 23, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported first quarter revenue of $556.6 million and a net loss of $28.1 million, or $0.24 per share. In the prior year, Steelcase reported revenue of $482.8 million and a net loss of $38.1 million, or $0.33 per share and an adjusted loss of $0.18 per share.
- 06/23/2021
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Earnings Preview for Steelcase
- On Wednesday, June 23, Steelcase (NYSE:SCS) will release its latest earnings report. Here is Benzinga's outlook for the company.
- 06/22/2021
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Steelcase Recognized as One of America's 50 Most Community-Minded Companies
- GRAND RAPIDS, Mich., June 16, 2021 (GLOBE NEWSWIRE) -- Today, Steelcase has been named a 2021 honoree of The Civic 50, an initiative of Points of Light. The company's expansive involvement in community programs – including a mix of volunteered time, product/service donations and financial gifts, as well as the integration of community commitment into business policies and practices – led to the recognition.
- 06/16/2021
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Steelcase to Webcast First Quarter Conference Call
- GRAND RAPIDS, Mich., June 02, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its first quarter fiscal year 2022 financial results on Thursday, June 24, 2021 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, June 23, 2021, after the market closes.
- 06/02/2021
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Steelcase: The Workspace Comeback Play
- Steelcase: The Workspace Comeback Play
- 05/17/2021
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Steelcase CEO on rising material costs as remote work continues
- CEO Jim Keane discusses Steelcase's at-home office business surging since the beginning of the pandemic. Subscribe to Fox Business!
- 05/03/2021
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Jim Keane, President and CEO of Steelcase Inc., Announces Retirement
- Sara Armbruster to Become President and Chief Executive Officer, Effective October 4, 2021 Sara Armbruster to Become President and Chief Executive Officer, Effective October 4, 2021
- 04/19/2021
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Steelcase: Q4 Earnings Insights
- Shares of Steelcase (NYSE:SCS) decreased in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 84.62% year over year to $0.06, which beat the estimate of ($0.01).
- 03/23/2021
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Steelcase Reports Fourth Quarter and Fiscal 2021 Results
- GRAND RAPIDS, Mich., March 23, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $677.1 million and net income of $6.6 million, or diluted earnings of $0.06 per share, which included $1.6 million of pre-tax restructuring costs. In the prior year, Steelcase reported $946.2 million of revenue and net income of $66.5 million, or diluted earnings of $0.55 per share and adjusted earnings of $0.39 per share.
- 03/23/2021
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Earnings Outlook For Steelcase
- Steelcase (NYSE:SCS) unveils its next round of earnings this Tuesday, March 23. Get prepared with Benzinga's ultimate preview for Steelcase's Q4 earnings.
- 03/22/2021
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Steelcase to Webcast Fourth Quarter and Fiscal 2021 Conference Call
- GRAND RAPIDS, Mich., March 03, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its fourth quarter and fiscal year 2021 financial results on Wednesday, March 24, 2021 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, March 23, 2021, after the market closes.
- 03/03/2021
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Steelcase Named One of the World's Most Admired Companies
- For the 15th time, the company earned a place on Fortune Magazine's prestigious list and this year, secured the number one spot in the Home Equipment and Furnishings industry sector For the 15th time, the company earned a place on Fortune Magazine's prestigious list and this year, secured the number one spot in the Home Equipment and Furnishings industry sector
- 02/01/2021
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Steelcase Foundation Appoints Daniel Williams as New President
- GRAND RAPIDS, Mich., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Steelcase Foundation today announced Daniel Williams, EdD will serve as its next president. Williams will officially start in his new role effective February 22, 2021. He most recently served as the President and CEO of the West Michigan Center for Arts and Technology (WMCAT).
- 01/26/2021
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Steelcase Named One of America's Most Responsible Companies by Newsweek
- Steelcase recognized among top 400 U.S. companies for giving to communities in which they operate Steelcase recognized among top 400 U.S. companies for giving to communities in which they operate
- 01/06/2021
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Steelcase Inc. (SCS) CEO Jim Keane on Q3 2021 Results - Earnings Call Transcript
- Steelcase Inc. (SCS) CEO Jim Keane on Q3 2021 Results - Earnings Call Transcript
- 12/18/2020
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Recap: Steelcase Q3 Earnings
- Shares of Steelcase (NYSE:SCS) fell 7.29% after the company reported Q3 results. Quarterly Results Earnings per share fell 82.61% over the past year to $0.08, which beat the estimate of $0.03.
- 12/17/2020
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Steelcase Reports Third Quarter Fiscal 2021 Results
- GRAND RAPIDS, Mich., Dec. 17, 2020 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $617.5 million and net income of $2.1 million, or diluted earnings of $0.02 per share, which included $11.4 million of pre-tax restructuring costs related to previously announced workforce reductions. Excluding those charges, net of related income tax benefits, adjusted earnings were $0.08 per share. The results also reflected a delay of approximately $60 million of revenue to the fourth quarter due to a temporary global operations shutdown implemented to protect the company's systems during a cyberattack. In the prior year, Steelcase reported $955.2 million of revenue and net income of $54.9 million, or diluted earnings of $0.46 per share.
- 12/17/2020
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Steelcase to Webcast Third Quarter Conference Call
- GRAND RAPIDS, Mich., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its third quarter fiscal year 2021 financial results on Friday, December 18, 2020 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, December 17, 2020, after the market closes.
- 12/01/2020
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20% Upside For Steelcase?
- We believe that Steelcase Inc stock may be a decent opportunity at the present time. Steelcase is a US-based furniture company producing office furniture, architectural, and technology products for office environments, and to some extent in the education, health care, and retail industries.
- 11/20/2020
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