Analysts See $0.24 EPS for Steelcase Inc. (SCS)

December 8, 2017 - By Migdalia James

 Analysts See $0.24 EPS 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.
Seabridge Investment Advsr Llc accumulated 0.61% or 180,970 shares. Jpmorgan Chase holds 0% or 258,960 shares. Nationwide Fund has 0.01% invested in Steelcase Inc. (NYSE:SCS) for 190,940 shares. Pacad Invest Limited holds 0.1% or 48,852 shares. D E Shaw Communication Inc holds 362,374 shares. Royal National Bank Of Canada has invested 0% in Steelcase Inc. (NYSE:SCS). Federated Inc Pa invested in 0% or 55,329 shares. Goldman Sachs Grp, New York-based fund reported 370,870 shares. Kennedy Capital Mgmt accumulated 375,884 shares. Sg Americas Secs Limited Liability Company has 0% invested in Steelcase Inc. (NYSE:SCS) for 29,913 shares. Principal Grp Inc reported 55,087 shares. Shelton Cap accumulated 26,000 shares. Swiss Financial Bank stated it has 144,100 shares. State Street Corporation holds 0% or 1.86M shares in its portfolio. Ameritas Investment Prtn holds 7,435 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 $27.86M giving it 15.10 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 0.35% or $0.05 during the last trading session, reaching $14.5. About 350,935 shares traded. Steelcase Inc. (NYSE:SCS) has risen 11.15% since December 8, 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 company was maintained on Friday, June 23 by Raymond James. The firm earned “Buy” rating on Friday, September 1 by Sidoti. The rating was upgraded by Raymond James on Thursday, March 23 to “Strong Buy”. Zacks downgraded the shares of SCS in report on Tuesday, September 1 to “Buy” rating. The firm has “Neutral” rating given on Friday, November 4 by Seaport Global. The rating was downgraded by Raymond James to “Mkt Perform” on Wednesday, December 23. The stock of Steelcase Inc. (NYSE:SCS) earned “Hold” rating by Sidoti on Wednesday, September 20.

Steelcase Inc. manufactures and sells integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company has market cap of $1.68 billion. The firm operates through Americas, EMEA, and Other Category divisions. It has a 14.26 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 Globenewswire.com with their article: “Steelcase Opens New Center in Munich Designed to Propel Global Growth” published on November 09, 2017, Globenewswire.com published: “Steelcase to Webcast Third Quarter Conference Call” on November 30, 2017. More interesting news about Steelcase Inc. (NYSE:SCS) were released by: Globenewswire.com and their article: “Steelcase Reports Preliminary Third Quarter Results” published on December 07, 2017 as well as Seekingalpha.com‘s news article titled: “Steelcase announces definitive agreement to acquire AMQ Solutions” with publication date: November 28, 2017.

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