Steelcase (NYSE:SCS) released its quarterly earnings results on Friday. The business services provider reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.07, Briefing.com reports. Steelcase had a return on equity of 18.33% and a net margin of 3.80%. The company had revenue of $998.00 million during the quarter, compared to analyst estimates of $980.87 million. During the same quarter last year, the business posted $0.36 earnings per share. The firm’s revenue was up 14.0% on a year-over-year basis.
Shares of NYSE:SCS opened at $18.39 on Monday. Steelcase has a 1 year low of $13.96 and a 1 year high of $19.35. The business has a 50 day simple moving average of $15.98 and a two-hundred day simple moving average of $16.51. The firm has a market capitalization of $1.96 billion, a PE ratio of 15.33 and a beta of 1.35. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.57 and a quick ratio of 1.13.
The firm also recently announced a dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Friday, September 27th. Steelcase’s dividend payout ratio (DPR) is presently 48.33%.
Several research analysts have issued reports on the company. Zacks Investment Research lowered Steelcase from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. Seaport Global Securities lowered Steelcase from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 17th.
Steelcase Inc manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through Americas, EMEA, and Other Category segments. The company's furniture portfolio includes panel, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools.
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