This Is Too Hot For Steelcase, Inc. (NYSE: SCS), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, SCS falls under the Industrials sector while operating within the Business Equipment & Supplies industry segment. The current market capitalization of Steelcase, Inc. is $1.54B. A total of 0.67 million shares were traded on the day, compared to an average of 644.53K shares.

In the most recent transaction, Sylvester David C sold 73,184 shares of SCS for 13.84 per share on Jul 24 ’24. After the transaction, the SVP, Chief Financial Officer now owns 551,592 company shares. In a previous transaction on Jul 25 ’24, Sylvester David C sold 1,816 shares at 13.76 per share. SCS shares that SVP, Chief Financial Officer owns now total 549,776.

Among the insiders who sold shares, McGrath Nicole Cherie disposed of 15,749 shares on Jul 23 ’24 at a per-share price of $13.94. This resulted in the VP, Corp Controller and CAO holding 18,453 shares of SCS after the transaction. In another insider transaction, Smith Allan W JR sold 70,444 shares at $13.84 per share on Jul 22 ’24. Company shares held by the SVP, Pres, Americas and CPO now total 184,743.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Steelcase, Inc. pays an annual dividend of $0.50, resulting in a dividend yield of 3.71%, and it has a price to earnings (P/E) ratio of 12.82. SCS’s most recent ex-dividend date was 9/30/2024 when it declared a $0.10 quarterly dividend that was paid in cash on 10/15/2024. Previously, the company paid the dividend on 7/15/2024 with an ex-dividend date of 7/3/2024. The SCS stock dividend was $0.10 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, SCS has a high of $14.74 and a low of $10.29.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SCS’s latest balance sheet shows that the firm has $200.90M in Cash & Short Term Investments as of fiscal 2022. There were $708.90M in debt and $567.20M in liabilities at the time. Its Book Value Per Share was $8.19, while its Total Shareholder’s Equity was $852.20M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SCS is Buy with a score of 5.00.

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