At the time of writing, Steelcase, Inc. [SCS] stock is trading at $13.06, up 0.08%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SCS shares have gain 2.83% over the last week, with a monthly amount drifted -2.61%, and not seem to be holding up well over a long-time horizon.
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On 19, February 2024, Steelcase Earns Top Score in Industry for Climate Change Disclosure From CDP. In a post published today on Yahoo Finance, 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.
From an analyst’s perspective:
Steelcase, Inc. [NYSE: SCS] stock has seen the most recent analyst activity on November 30, 2022, when The Benchmark Company downgraded its rating to a Hold. Previously, Sidoti upgraded its rating to Buy on October 04, 2022, and kept the price target unchanged to $11. On September 15, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $12 on the stock. Berenberg started tracking the stock assigning a Buy rating and suggested a price target of $17 on May 11, 2021. The Benchmark Company upgraded its rating to a Buy but $17 remained the price target by the analyst firm on May 07, 2021. Sidoti upgraded its rating to Buy for this stock on September 15, 2020. In a note dated August 24, 2020, The Benchmark Company downgraded an Hold rating on this stock.
For the past year, the stock price of Steelcase, Inc. fluctuated between $6.39 and $14.54. Steelcase, Inc. [NYSE: SCS] shares were valued at $13.06 at the most recent close of the market.
Analyzing the SCS fundamentals
According to Steelcase, Inc. [NYSE:SCS], the company’s sales were 3.19B for trailing twelve months, which represents an -5.93% plunge. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.72.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.90 points at the first support level, and at 12.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.21, and for the 2nd resistance point, it is at 13.35.
Steelcase, Inc. [SCS] reported earnings per share of $0.3 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.22/share, meaning a difference of $0.08 and a surprise factor of 36.40%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $0.31 per share as compared to estimates of $0.2 per share, a difference of $0.11 representing a surprise of 55.00%.
Ratios To Look Out For
It is important to note that Steelcase, Inc. [NYSE:SCS] has a current ratio of 1.54. As well, the Quick Ratio is 1.12, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 0.47, the price to book ratio is 1.70 and price to earnings (TTM) ratio is 20.74.
Transactions by insiders
Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 2 selling 88,800 shares in the past 3 months. Recent insider trading involved McGrath Nicole Cherie, VP, Corp Controller and CAO, that happened on Dec 27 when 1792.0 shares were sold. VP, Global Operations, Krestakos Robert G completed a deal on Dec 26 to sell 3800.0 shares. Meanwhile, SVP, Chief Financial Officer Sylvester David C sold 85000.0 shares on Dec 22.
