$0.24 EPS Expected for Steelcase Inc. (SCS)

November 15, 2017 - By Marie Mckinney

 $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.
Raymond James Advsr reported 0% in Steelcase Inc. (NYSE:SCS). 428,127 are held by Brown Brothers Harriman &. Prudential Public Limited Company owns 2.03M shares. Manufacturers Life Insur The holds 0% or 66,097 shares in its portfolio. State Of New Jersey Common Pension Fund D accumulated 67,000 shares. Mufg Americas Holdg reported 2,690 shares stake. The Minnesota-based Gradient Invests Ltd Liability Company has invested 0% in Steelcase Inc. (NYSE:SCS). Victory Capital Management Inc has 30,809 shares. Putnam Invests Ltd Liability Company holds 0.01% in Steelcase Inc. (NYSE:SCS) or 154,000 shares. Credit Suisse Ag reported 67,000 shares. Bowling Portfolio Mngmt Limited Liability Company owns 13,517 shares. 37,588 are held by Voya Investment Ltd Limited Liability Company. Comerica Commercial Bank has 0.01% invested in Steelcase Inc. (NYSE:SCS) for 102,767 shares. Metropolitan Life Insur New York reported 60,981 shares or 0.01% of all its holdings. Price T Rowe Assocs Md accumulated 26,903 shares.

Analysts await Steelcase Inc. (NYSE:SCS) to report earnings on December, 19. They expect $0.24 earnings per share, down 29.41 % or $0.10 from last year’s $0.34 per share. SCS’s profit will be $27.80 million for 14.48 P/E if the $0.24 EPS becomes a reality. After $0.31 actual earnings per share reported by Steelcase Inc. for the previous quarter, Wall Street now forecasts -22.58 % negative EPS growth. The stock decreased 0.18% or $0.03 during the last trading session, reaching $13.9. About 355,524 shares traded. Steelcase Inc. (NYSE:SCS) has risen 11.15% since November 15, 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. Raymond James downgraded the stock to “Mkt Perform” rating in Wednesday, December 23 report. As per Friday, June 23, the company rating was maintained by Raymond James. Raymond James upgraded the shares of SCS in report on Thursday, March 23 to “Strong Buy” rating. On Friday, September 1 the stock rating was upgraded by Sidoti to “Buy”. The firm has “Hold” rating given on Wednesday, September 20 by Sidoti. Seaport Global initiated Steelcase Inc. (NYSE:SCS) on Friday, November 4 with “Neutral” rating. Zacks downgraded Steelcase Inc. (NYSE:SCS) on Tuesday, September 1 to “Buy” rating.

Steelcase Inc. provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The company has market cap of $1.61 billion. The Company’s divisions include Americas, EMEA and Other Category. It has a 13.7 P/E ratio. The Company’s furniture portfolio includes panel and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools.

More important recent Steelcase Inc. (NYSE:SCS) news were published by: Globenewswire.com which released: “Steelcase Opens New Center in Munich Designed to Propel Global Growth” on November 09, 2017, also Globenewswire.com published article titled: “Steelcase Earns Perfect Score in Corporate Equality Index for Fourth …”, Gurufocus.com published: “SeaBridge Investment Advisors LLC Buys Seagate Technology PLC, , Steelcase Inc …” on October 19, 2017. More interesting news about Steelcase Inc. (NYSE:SCS) was released by: Seekingalpha.com and their article: “Steelcase: Come For The Growth, Stay For The Value” with publication date: October 30, 2017.

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