Media coverage about Steelcase (NYSE:SCS) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Steelcase earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 45.8045827014304 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
SCS has been the topic of a number of research analyst reports. TheStreet cut shares of Steelcase from a “b-” rating to a “c+” rating in a report on Thursday, July 20th. BidaskClub cut shares of Steelcase from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Steelcase from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. ValuEngine cut shares of Steelcase from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Sidoti raised shares of Steelcase from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Steelcase presently has an average rating of “Hold” and a consensus price target of $16.00.
Shares of Steelcase (NYSE:SCS) opened at $14.60 on Friday. Steelcase has a fifty-two week low of $12.50 and a fifty-two week high of $18.15. The stock has a market cap of $1,612.87, a PE ratio of 13.63 and a beta of 1.22. The company has a quick ratio of 1.28, a current ratio of 1.63 and a debt-to-equity ratio of 0.37.
Steelcase (NYSE:SCS) last announced its quarterly earnings results on Monday, September 18th. The business services provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.08. Steelcase had a net margin of 3.98% and a return on equity of 15.72%. The business had revenue of $775.60 million for the quarter, compared to analyst estimates of $759.83 million. During the same quarter in the prior year, the business earned $0.32 EPS. Steelcase’s quarterly revenue was up 2.3% on a year-over-year basis. analysts predict that Steelcase will post 0.93 earnings per share for the current year.
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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.
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