Momentum Is Strong For Steelcase, Inc (NYSE: SCS)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

Stocks Info

This NYSE-listed company operates within the Furnishings, Fixtures & Appliances industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Steelcase, Inc is $1.36B. A total of 0.69 million shares were traded on the day, compared to an average of 574.12K shares.

In the most recent transaction, Krestakos Robert G sold 5,000 shares of SCS for 11.74 per share on Jan 22 ’25. After the transaction, the VP, Chief Operations Officer now owns 114,481 company shares. In a previous transaction on Jan 22 ’25, ROBERT KRESTAKOS bought 5,000 shares at 11.74 per share.

Among the insiders who sold shares, Krestakos Robert G disposed of 4,000 shares on Oct 15 ’24 at a per-share price of $13.11. This resulted in the VP, Chief Operations Officer holding 119,481 shares of SCS after the transaction. In another insider transaction, ROBERT KRESTAKOS bought 4,000 shares at $13.11 per share on Oct 15 ’24.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Steelcase, Inc pays an annual dividend of $0.40, resulting in a dividend yield of 3.35%, and it has a price to earnings (P/E) ratio of 12.49. SCS’s most recent ex-dividend date was 3.2% when it declared a $0.10 quarterly dividend that was paid in cash on 12/30/2024. Previously, the company paid the dividend on 9/30/2024 with an ex-dividend date of 3.01%. The SCS stock dividend was $0.10 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SCS has a high of $14.74 and a low of $10.90.

As of this writing, SCS has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 5.0 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.2.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $8.20, 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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