Steelcase (NYSE:SCS) is scheduled to post its quarterly earnings results after the market closes on Tuesday, December 19th. Analysts expect Steelcase to post earnings of $0.28 per share for the quarter. Steelcase has set its Q3 guidance at $0.21-0.25 EPS.

Steelcase (NYSE:SCS) last released its quarterly earnings results on Monday, September 18th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.08. Steelcase had a net margin of 3.98% and a return on equity of 15.72%. The firm had revenue of $775.60 million for the quarter, compared to the consensus estimate of $759.83 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 2.3% 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.

Shares of Steelcase (SCS) opened at $13.95 on Tuesday. Steelcase has a one year low of $12.50 and a one year high of $18.15. The stock has a market cap of $1,618.67, a price-to-earnings ratio of 13.68 and a beta of 1.25. The company has a current ratio of 1.63, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37.

Several equities research analysts recently issued reports on the stock. Sidoti downgraded shares of Steelcase from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Wednesday, September 20th. ValuEngine downgraded shares of Steelcase from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet raised shares of Steelcase from a “c+” rating to a “b-” rating in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research raised shares of Steelcase from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.

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Steelcase Company Profile

Steelcase Inc provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Company’s segments include Americas, EMEA and Other Category. The Company’s furniture portfolio includes panel-based and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools.

Earnings History for Steelcase (NYSE:SCS)

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