After finishing at $13.05 in the prior trading day, Steelcase, Inc. (NYSE: SCS) closed at $12.30, down -5.75%. In other words, the price has decreased by -$0.75 from its previous closing price. On the day, 2887069 shares were traded. SCS stock price reached its highest trading level at $12.31 during the session, while it also had its lowest trading level at $11.50.
Ratios:
Our goal is to gain a better understanding of SCS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.66.
On October 04, 2022, Sidoti Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $11.
Sidoti Downgraded its Buy to Neutral on September 15, 2022, while the target price for the stock was maintained at $12.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 27 ’23 when McGrath Nicole Cherie sold 1,792 shares for $13.95 per share. The transaction valued at 24,998 led to the insider holds 33,899 shares of the business.
Krestakos Robert G sold 3,800 shares of SCS for $52,560 on Dec 26 ’23. The VP, Global Operations now owns 110,489 shares after completing the transaction at $13.83 per share. On Dec 22 ’23, another insider, Sylvester David C, who serves as the SVP, Chief Financial Officer of the company, sold 85,000 shares for $13.87 each. As a result, the insider received 1,179,154 and left with 570,809 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SCS now has a Market Capitalization of 1.40B and an Enterprise Value of 1.78B. As of this moment, Steelcase,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.13, and their Forward P/E ratio for the next fiscal year is 10.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 1.60. Its current Enterprise Value per Revenue stands at 0.56 whereas that against EBITDA is 8.17.
Stock Price History:
Over the past 52 weeks, SCS has reached a high of $14.54, while it has fallen to a 52-week low of $6.39. The 50-Day Moving Average of the stock is 12.84, while the 200-Day Moving Average is calculated to be 10.76.
Shares Statistics:
The stock has traded on average 751.06K shares per day over the past 3-months and 999.48k shares per day over the last 10 days, according to various share statistics. A total of 92.57M shares are outstanding, with a floating share count of 84.83M. Insiders hold about 25.74% of the company’s shares, while institutions hold 72.76% stake in the company. Shares short for SCS as of Feb 29, 2024 were 3.16M with a Short Ratio of 4.20, compared to 3.46M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.76% and a Short% of Float of 3.88%.
Dividends & Splits
In the trailing 12 months, SCS’s forward annual dividend rate was 0.40, compared to 0.40 this year. Against a Trailing Annual Dividend Yield of 3.07%, it implies a Forward Annual Dividend Yield of 3.25%. The stock’s 5-year Average Dividend Yield is 4.24. The current Payout Ratio is 58.75% for SCS, which recently paid a dividend on Jan 16, 2024 with an ex-dividend date of Apr 02, 2024. Stock splits for the company last occurred on Aug 11, 2006 when the company split stock in a 1:5 ratio.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.09, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.3, with high estimates of $0.34 and low estimates of $0.27.
Analysts are recommending an EPS of between $0.97 and $0.9 for the fiscal current year, implying an average EPS of $0.92. EPS for the following year is $1.09, with 3 analysts recommending between $1.13 and $1.05.
Revenue Estimates
A total of 4 analysts have provided revenue estimates for SCS’s current fiscal year. The highest revenue estimate was $3.26B, while the lowest revenue estimate was $3.18B, resulting in an average revenue estimate of $3.23B. In the same quarter a year ago, actual revenue was $3.16B, up 2.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $3.31B in the next fiscal year. The high estimate is $3.32B and the low estimate is $3.29B. The average revenue growth estimate for next year is up 2.30% from the average revenue estimate for this year.
