Searching For Real Value In Market Debris At Steelcase, Inc (NYSE: SCS)

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 Consumer Cyclical sector while operating within the Furnishings, Fixtures & Appliances industry segment. The current market capitalization of Steelcase, Inc is $1.49B. A total of 0.65 million shares were traded on the day, compared to an average of 574.05K shares.

In the most recent transaction, Krestakos Robert G sold 4,000 shares of SCS for 13.11 per share on Oct 15 ’24. After the transaction, the VP, Chief Operations Officer now owns 119,481 company shares. In a previous transaction on Oct 15 ’24, ROBERT KRESTAKOS bought 4,000 shares at 13.11 per share.

Among the insiders who sold shares, Sylvester David C disposed of 73,184 shares on Jul 24 ’24 at a per-share price of $13.84. This resulted in the SVP, Chief Financial Officer holding 551,592 shares of SCS after the transaction. In another insider transaction, Sylvester David C sold 1,816 shares at $13.76 per share on Jul 25 ’24. Company shares held by the SVP, Chief Financial Officer now total 549,776.

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 $0.40, resulting in a dividend yield of 3.07%, and it has a price to earnings (P/E) ratio of 12.41. SCS’s most recent ex-dividend date was 3.01% when it declared a $0.10 quarterly dividend that was paid in cash on 9/30/2024. Previously, the company paid the dividend on 7/3/2024 with an ex-dividend date of 3.28%. 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 $11.50.

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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