$0.24 EPS Expected for Steelcase Inc. (SCS)

December 4, 2017 – By Max Morgan

 $0.24 EPS Expected for Steelcase Inc. (SCS)
Investors sentiment increased to 1.3 in Q2 2017. Its up 0.28, from 1.02 in 2017Q1. It increased, as 23 investors sold Steelcase Inc. shares while 47 reduced holdings. 27 funds opened positions while 64 raised stakes. 72.19 million shares or 4.26% less from 75.40 million shares in 2017Q1 were reported.
Hightower Advsr Limited Company owns 0.01% invested in Steelcase Inc. (NYSE:SCS) for 121,626 shares. Kbc Gru Nv, a Belgium-based fund reported 98,711 shares. Metropolitan Life Ins New York reported 60,981 shares. Zebra Management Ltd Liability Company holds 127,758 shares or 0.55% of its portfolio. Guggenheim Ltd Liability Co owns 158,854 shares for 0.01% of their portfolio. Nationwide Fund Advsrs has 0.01% invested in Steelcase Inc. (NYSE:SCS). Channing Mngmt Ltd Com holds 1.22% or 2.22M shares. Renaissance Technologies Limited Liability Com invested 0% of its portfolio in Steelcase Inc. (NYSE:SCS). Cornerstone Capital Mngmt Holdg Ltd Co holds 96,654 shares. Hbk Invs L P, Texas-based fund reported 40,100 shares. Ameriprise Fincl Incorporated stated it has 16,040 shares. Wedge Capital Mngmt L Lp Nc stated it has 565,484 shares. Raymond James Financial Advsrs stated it has 38,022 shares or 0% of all its holdings. Spark Invest Management Limited Co accumulated 182,800 shares or 0.16% of the stock. Gotham Asset Ltd Liability Corporation, a New York-based fund reported 318,151 shares.

Analysts expect Steelcase Inc. (NYSE:SCS) to report $0.24 EPS on December, 19.They anticipate $0.10 EPS change or 29.41 % from last quarter’s $0.34 EPS. SCS’s profit would be $27.85M giving it 15.47 P/E if the $0.24 EPS is correct. After having $0.31 EPS previously, Steelcase Inc.’s analysts see -22.58 % EPS growth. The stock decreased 2.30% or $0.35 during the last trading session, reaching $14.85. About 583,035 shares traded. Steelcase Inc. (NYSE:SCS) has risen 11.15% since December 4, 2016 and is uptrending. It has underperformed by 5.55% the S&P500.

Steelcase Inc. (NYSE:SCS) Ratings Coverage

Among 2 analysts covering Steelcase (NYSE:SCS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Steelcase had 7 analyst reports since September 1, 2015 according to SRatingsIntel. The firm has “Strong-Buy – Outperform” rating given on Friday, June 23 by Raymond James. On Wednesday, December 23 the stock rating was downgraded by Raymond James to “Mkt Perform”. As per Thursday, March 23, the company rating was upgraded by Raymond James. Sidoti downgraded Steelcase Inc. (NYSE:SCS) rating on Wednesday, September 20. Sidoti has “Hold” rating and $16.0 target. Zacks downgraded the shares of SCS in report on Tuesday, September 1 to “Buy” rating. Sidoti upgraded Steelcase Inc. (NYSE:SCS) rating on Friday, September 1. Sidoti has “Buy” rating and $16.0 target. Seaport Global initiated the shares of SCS in report on Friday, November 4 with “Neutral” rating.

Steelcase Inc. manufactures and sells integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company has market cap of $1.72 billion. The firm operates through Americas, EMEA, and Other Category divisions. It has a 14.6 P/E ratio. The Company’s furniture systems portfolio comprises panel and freestanding furniture systems, storage, desks, benches, tables, and complementary products, such as worktools.

More notable recent Steelcase Inc. (NYSE:SCS) news were published by: Globenewswire.com which released: “Steelcase Earns Perfect Score in Corporate Equality Index for Fourth …” on November 13, 2017, also Seekingalpha.com with their article: “Steelcase announces definitive agreement to acquire AMQ Solutions” published on November 28, 2017, Mlive.com published: “Steelcase buying maker of height adjustable furniture” on December 02, 2017. More interesting news about Steelcase Inc. (NYSE:SCS) were released by: Globenewswire.com and their article: “Steelcase to Webcast Third Quarter Conference Call” published on November 30, 2017 as well as Globenewswire.com‘s news article titled: “Steelcase Opens New Center in Munich Designed to Propel Global Growth” with publication date: November 09, 2017.

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