The closing price of Steelcase, Inc. (NYSE: SCS) was $12.15 for the day, down -4.48% from the previous closing price of $12.72. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 906552 shares were traded.
Ratios:
Our analysis of SCS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.30. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 25 ’24 when Krestakos Robert G sold 4,000 shares for $12.61 per share. The transaction valued at 50,453 led to the insider holds 108,081 shares of the business.
McGrath Nicole Cherie sold 1,792 shares of SCS for $24,998 on Dec 27 ’23. The VP, Corp Controller and CAO now owns 33,899 shares after completing the transaction at $13.95 per share. On Dec 26 ’23, another insider, Krestakos Robert G, who serves as the VP, Global Operations of the company, sold 3,800 shares for $13.83 each. As a result, the insider received 52,560 and left with 110,489 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 1.45B and an Enterprise Value of 1.82B. As of this moment, Steelcase,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.90, and their Forward P/E ratio for the next fiscal year is 11.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.79. 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 1.58. Its current Enterprise Value per Revenue stands at 0.57 whereas that against EBITDA is 8.39.
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 12.88, while the 200-Day Moving Average is calculated to be 11.09.
Shares Statistics:
SCS traded an average of 818.64K shares per day over the past three months and 1.06M shares per day over the past ten days. A total of 92.57M shares are outstanding, with a floating share count of 84.73M. Insiders hold about 25.82% of the company’s shares, while institutions hold 72.59% stake in the company. Shares short for SCS as of Mar 28, 2024 were 2.53M with a Short Ratio of 3.09, compared to 3.16M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.22% and a Short% of Float of 3.11%.
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 3.14%, it implies a Forward Annual Dividend Yield of 3.14%. The stock’s 5-year Average Dividend Yield is 4.23. The current Payout Ratio is 58.75% for SCS, which recently paid a dividend on Apr 15, 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
The firm’s stock currently is rated by 4 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 $0.32 and low estimates of $0.27.
Analysts are recommending an EPS of between $0.92 and $0.9 for the fiscal current year, implying an average EPS of $0.91. EPS for the following year is $1.07, with 4 analysts recommending between $1.12 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 $3.29B, while the lowest revenue estimate was $3.25B, resulting in an average revenue estimate of $3.27B. In the same quarter a year ago, actual revenue was $3.16B, up 3.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $3.37B in the next fiscal year. The high estimate is $3.42B and the low estimate is $3.35B. The average revenue growth estimate for next year is up 3.30% from the average revenue estimate for this year.
