As of close of business last night, Steelcase, Inc.’s stock clocked out at $12.89, up 0.47% from its previous closing price of $12.83. In other words, the price has increased by $+0.06 from its previous closing price. On the day, 678152 shares were traded. SCS stock price reached its highest trading level at $13.09 during the session, while it also had its lowest trading level at $12.81.
Ratios:
To gain a deeper understanding of SCS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.16. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.54. In the meantime, Its Debt-to-Equity ratio is 0.72 whereas as Long-Term Debt/Eq ratio is at 0.67.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 1.47B and an Enterprise Value of 1.84B. As of this moment, Steelcase,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.47, and their Forward P/E ratio for the next fiscal year is 13.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 1.68. Its current Enterprise Value per Revenue stands at 0.58 whereas that against EBITDA is 8.48.
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 12.96, while the 200-Day Moving Average is calculated to be 10.44.
Shares Statistics:
It appears that SCS traded 864.75K shares on average per day over the past three months and 683.01k shares per day over the past ten days. A total of 92.57M shares are outstanding, with a floating share count of 84.82M. Insiders hold about 25.74% of the company’s shares, while institutions hold 72.75% stake in the company. Shares short for SCS as of Feb 15, 2024 were 2.73M with a Short Ratio of 3.16, compared to 3.37M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.39% and a Short% of Float of 3.35%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.40, SCS has a forward annual dividend rate of 0.40. Against a Trailing Annual Dividend Yield of 3.12%, it implies a Forward Annual Dividend Yield of 3.10%. The stock’s 5-year Average Dividend Yield is 4.24. The current Payout Ratio is 163.12% for SCS, which recently paid a dividend on Jan 16, 2024 with an ex-dividend date of Jan 03, 2024. Stock splits for the company last occurred on Aug 11, 2006 when the company split stock in a 1:5 ratio.
Earnings Estimates
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.22 and a low estimate of $0.2, while EPS last year was $0.19. The consensus estimate for the next quarter is $0.11, with high estimates of $0.11 and low estimates of $0.1.
Analysts are recommending an EPS of between $0.92 and $0.91 for the fiscal current year, implying an average EPS of $0.91. EPS for the following year is $0.98, with 4 analysts recommending between $1.05 and $0.91.
Revenue Estimates
In the current quarter, 4 analysts expect revenue to total $780.25M. It ranges from a high estimate of $784M to a low estimate of $777.1M. As of the current estimate, Steelcase, Inc.’s year-ago sales were $801.7M, an estimated decrease of -2.70% from the year-ago figure.
A total of 4 analysts have provided revenue estimates for SCS’s current fiscal year. The highest revenue estimate was $3.17B, while the lowest revenue estimate was $3.16B, resulting in an average revenue estimate of $3.16B. In the same quarter a year ago, actual revenue was $3.23B, down -2.10% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $3.25B in the next fiscal year. The high estimate is $3.27B and the low estimate is $3.23B. The average revenue growth estimate for next year is up 2.80% from the average revenue estimate for this year.
