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.

ILLEGAL ACTIVITY NOTICE: “Steelcase (SCS) Set to Announce Earnings on Tuesday” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at

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)

Receive News & Stock Ratings for Steelcase Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steelcase Inc. and related stocks with our FREE daily email newsletter.