$0.24 EPS Expected for Steelcase Inc. (SCS)

December 5, 2017 - By Richard Conner

 $0.24 EPS Expected for Steelcase Inc. (SCS)
Investors sentiment increased to 1.3 in 2017 Q2. 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.
Swiss Savings Bank owns 144,100 shares for 0% of their portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt accumulated 0.01% or 94,900 shares. Cantab Cap Prns Ltd Liability Partnership invested in 41,395 shares or 0% of the stock. Brown Brothers Harriman And accumulated 428,127 shares. Florida-based State Board Of Administration Of Florida Retirement System has invested 0.01% in Steelcase Inc. (NYSE:SCS). Comerica Savings Bank has 0.01% invested in Steelcase Inc. (NYSE:SCS) for 102,767 shares. Tiaa Cref Investment Mngmt Limited Liability stated it has 0% of its portfolio in Steelcase Inc. (NYSE:SCS). Pacad Limited stated it has 0.1% in Steelcase Inc. (NYSE:SCS). Pnc Group Inc Inc holds 855 shares or 0% of its portfolio. Moreover, Hsbc Hldg Pcl has 0% invested in Steelcase Inc. (NYSE:SCS) for 21,839 shares. Hodges Capital Mgmt owns 571,073 shares or 0.47% of their US portfolio. Greenleaf Trust stated it has 0.13% in Steelcase Inc. (NYSE:SCS). Vantage Investment Advisors Ltd has invested 0.01% in Steelcase Inc. (NYSE:SCS). 19,240 are held by Chicago Equity Prns Ltd Llc. Blackrock Inc has invested 0% in Steelcase Inc. (NYSE:SCS).

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 15.52 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 increased 0.34% or $0.05 during the last trading session, reaching $14.9. About 658,319 shares traded. Steelcase Inc. (NYSE:SCS) has risen 11.15% since December 5, 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. On Friday, November 4 the stock rating was initiated by Seaport Global with “Neutral”. Raymond James maintained Steelcase Inc. (NYSE:SCS) on Friday, June 23 with “Strong-Buy - Outperform” rating. The firm has “Buy” rating given on Tuesday, September 1 by Zacks. On Thursday, March 23 the stock rating was upgraded by Raymond James to “Strong Buy”. The stock of Steelcase Inc. (NYSE:SCS) earned “Mkt Perform” rating by Raymond James on Wednesday, December 23. The company was downgraded on Wednesday, September 20 by Sidoti. Sidoti upgraded the stock to “Buy” rating in Friday, September 1 report.

Steelcase Inc. manufactures and sells integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company has market cap of $1.73 billion. The firm operates through Americas, EMEA, and Other Category divisions. It has a 14.65 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 important 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 Globenewswire.com published article titled: “Steelcase Opens New Center in Munich Designed to Propel Global Growth”, Globenewswire.com published: “Steelcase to Webcast Third Quarter Conference Call” on November 30, 2017. More interesting news about Steelcase Inc. (NYSE:SCS) was released by: Seekingalpha.com and their article: “Steelcase announces definitive agreement to acquire AMQ Solutions” with publication date: November 28, 2017.

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