Steelcase (SCS) to Release Earnings on Wednesday

Steelcase (NYSE:SCS - Get Free Report) will likely be releasing its earnings data after the market closes on Wednesday, March 26th. Analysts expect Steelcase to post earnings of $0.20 per share and revenue of $790.90 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Steelcase (NYSE:SCS - Get Free Report) last released its earnings results on Wednesday, December 18th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.07. Steelcase had a return on equity of 14.20% and a net margin of 3.63%. The firm had revenue of $794.90 million for the quarter, compared to analyst estimates of $796.58 million. During the same quarter last year, the firm posted $0.30 EPS. The company's revenue was up 2.2% on a year-over-year basis. On average, analysts expect Steelcase to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Steelcase Stock Performance

SCS stock traded down $0.45 on Friday, reaching $10.55. 2,745,386 shares of the company were exchanged, compared to its average volume of 612,281. The firm has a market capitalization of $1.20 billion, a PE ratio of 10.98, a PEG ratio of 1.25 and a beta of 1.33. Steelcase has a 12 month low of $10.51 and a 12 month high of $14.74. The stock's fifty day moving average price is $11.65 and its 200 day moving average price is $12.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.57 and a quick ratio of 1.21.

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Insider Transactions at Steelcase

In other news, VP Robert G. Krestakos sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total transaction of $58,700.00. Following the sale, the vice president now directly owns 114,481 shares in the company, valued at approximately $1,344,006.94. The trade was a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.96% of the company's stock.

About Steelcase

Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.