Steelcase (SCS) Given Daily News Sentiment Rating of 0.15
News headlines about Steelcase (NYSE:SCS) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Steelcase earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 45.9738435784785 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research analysts have recently weighed in on the stock. TheStreet upgraded shares of Steelcase from a “c+” rating to a “b-” rating in a report on Tuesday, October 3rd. Sidoti cut shares of Steelcase from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Wednesday, September 20th. ValuEngine cut shares of Steelcase from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Steelcase from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Finally, BidaskClub cut shares of Steelcase from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Steelcase presently has an average rating of “Hold” and a consensus target price of $16.00.
Steelcase (NYSE:SCS) traded down $0.10 during trading on Friday, hitting $14.10. 329,716 shares of the stock traded hands, compared to its average volume of 485,798. The firm has a market capitalization of $1,692.00, a PE ratio of 13.82 and a beta of 1.22. Steelcase has a 12 month low of $12.50 and a 12 month high of $18.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.63 and a quick ratio of 1.28.
Steelcase (NYSE:SCS) last released its quarterly earnings results on Monday, September 18th. The business services provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.08. The company had revenue of $775.60 million during the quarter, compared to analysts’ expectations of $759.83 million. Steelcase had a net margin of 3.98% and a return on equity of 15.72%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share. equities research analysts forecast that Steelcase will post 0.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Thursday, September 28th were issued a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Wednesday, September 27th. Steelcase’s payout ratio is 50.50%.
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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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