EPS for Steelcase Inc. (SCS) Expected At $0.16

February 24, 2018 - By Migdalia James

 EPS for Steelcase Inc. (SCS) Expected At $0.16
Investors sentiment increased to 1.32 in Q3 2017. Its up 0.02, from 1.3 in 2017Q2. It improved, as 22 investors sold Steelcase Inc. shares while 46 reduced holdings. 32 funds opened positions while 58 raised stakes. 70.58 million shares or 2.23% less from 72.19 million shares in 2017Q2 were reported.
Envestnet Asset Mgmt has invested 0% in Steelcase Inc. (NYSE:SCS). Vanguard owns 7.55 million shares or 0.01% of their US portfolio. Teton reported 22,780 shares. Hbk Invests L P invested in 130,900 shares or 0.02% of the stock. Meeder Asset holds 0% or 2,718 shares. Citadel Advsr Ltd Liability Company has invested 0% of its portfolio in Steelcase Inc. (NYSE:SCS). Pub Employees Retirement Association Of Colorado accumulated 19,151 shares or 0% of the stock. Aviance Ltd Limited Liability Company holds 399 shares. United Kingdom-based Hsbc Public Llc has invested 0% in Steelcase Inc. (NYSE:SCS). Jane Street Grp Inc Limited Liability Corp has 0% invested in Steelcase Inc. (NYSE:SCS). Schwab Charles Investment Management Inc has 859,471 shares. Moreover, Tiaa Cref Invest Mgmt Limited Com has 0% invested in Steelcase Inc. (NYSE:SCS) for 224,165 shares. Jpmorgan Chase & Company, a New York-based fund reported 255,422 shares. Moreover, Greenleaf has 0.2% invested in Steelcase Inc. (NYSE:SCS) for 580,977 shares. Bancshares Of Montreal Can owns 0% invested in Steelcase Inc. (NYSE:SCS) for 39,822 shares.

Since January 4, 2018, it had 0 insider purchases, and 1 insider sale for $201,296 activity.

Analysts expect Steelcase Inc. (NYSE:SCS) to report $0.16 EPS on March, 20.They anticipate $0.06 EPS change or 27.27 % from last quarter’s $0.22 EPS. SCS’s profit would be $18.58M giving it 22.89 P/E if the $0.16 EPS is correct. After having $0.22 EPS previously, Steelcase Inc.’s analysts see -27.27 % EPS growth. The stock increased 0.69% or $0.1 during the last trading session, reaching $14.65. About 458,035 shares traded. Steelcase Inc. (NYSE:SCS) has risen 11.15% since February 24, 2017 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, September 1 the stock rating was upgraded by Sidoti to “Buy”. The stock of Steelcase Inc. (NYSE:SCS) earned “Mkt Perform” rating by Raymond James on Wednesday, December 23. The stock of Steelcase Inc. (NYSE:SCS) has “Strong-Buy – Outperform” rating given on Friday, June 23 by Raymond James. The firm has “Hold” rating given on Wednesday, September 20 by Sidoti. Zacks downgraded the shares of SCS in report on Tuesday, September 1 to “Buy” rating. The stock has “Strong Buy” rating by Raymond James on Thursday, March 23. The rating was initiated by Seaport Global with “Neutral” on Friday, November 4.

Steelcase Inc. manufactures and sells integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company has market cap of $1.70 billion. The firm operates through Americas, EMEA, and Other Category divisions. It has a 16.46 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 recent Steelcase Inc. (NYSE:SCS) news were published by: Globenewswire.com which released: “Steelcase Introduces SILQ: An Innovation in Seating Design” on January 30, 2018. Also Globenewswire.com published the news titled: “Steelcase Updates Fourth Quarter Guidance For US Tax Reform and Other Items” on February 05, 2018. Globenewswire.com‘s news article titled: “Steelcase Recognized as Multinational Finalist in The Circulars” with publication date: January 25, 2018 was also an interesting one.

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