Media headlines about Steelcase (NYSE:SCS) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Steelcase earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 45.5751388155319 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Steelcase traded down $0.05, reaching $14.00, during trading on Friday, reports. The company had a trading volume of 819,983 shares, compared to its average volume of 425,327. The firm has a market cap of $1.64 billion, a PE ratio of 15.38 and a beta of 1.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.61. Steelcase has a fifty-two week low of $12.50 and a fifty-two week high of $15.90.

Steelcase (NYSE:SCS) last issued its earnings results on Wednesday, June 20th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $754.00 million for the quarter, compared to analyst estimates of $754.17 million. Steelcase had a net margin of 2.59% and a return on equity of 13.38%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 EPS. equities analysts predict that Steelcase will post 0.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 17th. Stockholders of record on Monday, July 2nd were paid a $0.135 dividend. The ex-dividend date was Friday, June 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.86%. Steelcase’s dividend payout ratio (DPR) is presently 59.34%.

A number of equities research analysts have recently issued reports on SCS shares. TheStreet lowered shares of Steelcase from a “b-” rating to a “c+” rating in a research note on Monday, June 25th. Zacks Investment Research upgraded shares of Steelcase from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Tuesday, June 26th. Finally, ValuEngine upgraded shares of Steelcase from a “sell” rating to a “hold” rating in a research note on Friday, July 6th. Four analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $16.00.

In related news, Director Jennifer C. Niemann sold 3,400 shares of the stock in a transaction dated Friday, July 6th. The shares were sold at an average price of $14.17, for a total transaction of $48,178.00. Following the sale, the director now owns 3,838 shares in the company, valued at $54,384.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Sara E. Armbruster sold 10,000 shares of the stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $13.75, for a total transaction of $137,500.00. Following the sale, the vice president now owns 67,474 shares in the company, valued at approximately $927,767.50. The disclosure for this sale can be found here. Corporate insiders own 17.58% of the company’s stock.

Steelcase Company Profile

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-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as other products, including worktools.

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