Analysts Estimate Report : What to Look Out for Steelcase (NYSE:SCS)

Earnings results for Steelcase (NYSE:SCS)

Steelcase Inc. is expected* to report earnings on 09/22/2020 after market close. The report will be for the fiscal Quarter ending Aug 2020. The reported EPS for the same quarter last year was $0.5.

Steelcase last announced its quarterly earnings data on June 30th, 2020. The business services provider reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.04. The business had revenue of $482.80 million for the quarter, compared to analysts’ expectations of $530.33 million. Its revenue was down 41.4% on a year-over-year basis. Steelcase has generated $0.00 earnings per share over the last year and currently has a price-to-earnings ratio of 10.0. Steelcase has confirmed that its next quarterly earnings report will be published on Tuesday, September 22nd, 2020.

Analyst Opinion on Steelcase (NYSE:SCS)

3 Wall Street analysts have issued ratings and price targets for Steelcase in the last 12 months. Their average twelve-month price target is $17.50, predicting that the stock has a possible upside of 47.93%. The high price target for SCS is $23.00 and the low price target for SCS is $12.00. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

Steelcase has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $17.50, Steelcase has a forecasted upside of 47.9% from its current price of $11.83. Steelcase has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Steelcase (NYSE:SCS)

Steelcase pays a meaningful dividend of 3.24%, higher than the bottom 25% of all stocks that pay dividends. Steelcase has only been increasing its dividend for 1 years.

Insiders buying/selling: Steelcase (NYSE:SCS)

In the past three months, Steelcase insiders have not sold or bought any company stock. Only 12.97% of the stock of Steelcase is held by insiders. 68.65% of the stock of Steelcase is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Steelcase (NYSE:SCS

The P/E ratio of Steelcase is 10.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.51. The P/E ratio of Steelcase is 10.03, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 38.29. Steelcase has a P/B Ratio of 1.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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