Steelcase (SCS) to Release Earnings on Tuesday

Steelcase (NYSE:SCS) will be announcing its earnings results after the market closes on Tuesday, September 22nd. Investors that wish to register for the company’s conference call can do so using this link.

Steelcase (NYSE:SCS) last released its quarterly earnings results on Tuesday, June 30th. The business services provider reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). Steelcase had a return on equity of 15.48% and a net margin of 4.25%. The firm had revenue of $482.80 million for the quarter, compared to analysts’ expectations of $530.33 million. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was down 41.4% on a year-over-year basis.

Steelcase stock opened at $12.34 on Monday. Steelcase has a 12-month low of $7.02 and a 12-month high of $23.02. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 10.46 and a beta of 1.58. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.56 and a quick ratio of 1.24. The firm’s fifty day moving average price is $10.73 and its 200 day moving average price is $11.05.

Several research firms recently issued reports on SCS. Benchmark downgraded shares of Steelcase from a “buy” rating to a “hold” rating in a research note on Monday, August 24th. Sidoti raised shares of Steelcase from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.67.

About Steelcase

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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Earnings History for Steelcase (NYSE:SCS)

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