Steelcase (SCS) to Release Earnings on Wednesday

Steelcase (NYSE:SCS) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, March 26th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $790.90 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Steelcase (NYSE:SCS) last released its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. Steelcase had a return on equity of 14.20% and a net margin of 3.63%. The firm had revenue of $794.90 million during the quarter, compared to analysts’ expectations of $796.58 million. During the same period last year, the firm posted $0.30 EPS. The business’s revenue was up 2.2% on a year-over-year basis. On average, analysts expect Steelcase to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Steelcase Trading Down 0.9 %

SCS stock opened at $10.92 on Wednesday. The business has a fifty day moving average price of $11.67 and a 200 day moving average price of $12.49. Steelcase has a fifty-two week low of $10.78 and a fifty-two week high of $14.74. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 1.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.57 and a quick ratio of 1.21.

Insider Activity at Steelcase

In related news, VP Robert G. Krestakos sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total transaction of $58,700.00. Following the completion of the sale, the vice president now directly owns 114,481 shares of the company’s stock, valued at $1,344,006.94. This trade represents a 4.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 12.96% of the company’s stock.

About Steelcase

Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.