Steelcase (SCS) to Release Earnings on Wednesday

Steelcase (NYSE:SCS) is anticipated to post its quarterly earnings results after the market closes on Wednesday, March 26th. Analysts expect Steelcase to post earnings of $0.20 per share and revenue of $790.90 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Steelcase (NYSE:SCS) last posted its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. The firm had revenue of $794.90 million during the quarter, compared to analysts’ expectations of $796.58 million. Steelcase had a return on equity of 14.20% and a net margin of 3.63%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. 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 %

Steelcase stock opened at $10.92 on Wednesday. Steelcase has a 12 month low of $10.78 and a 12 month high of $14.74. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of $11.67 and a two-hundred day moving average price of $12.49. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33.

Insider Transactions at Steelcase

In other news, VP Robert G. Krestakos sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total value of $58,700.00. Following the completion of the transaction, the vice president now directly owns 114,481 shares of the company’s stock, valued at approximately $1,344,006.94. This represents a 4.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 12.96% of the stock is currently owned by insiders.

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.