Steelcase (SCS) Receiving Somewhat Favorable Media Coverage, Report Shows

Press coverage about Steelcase (NYSE:SCS) has trended somewhat positive recently, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steelcase earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.207550437868 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Several brokerages have recently commented on SCS. Zacks Investment Research upgraded shares of Steelcase from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Sidoti lowered shares of Steelcase from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Wednesday, September 20th. ValuEngine lowered shares of Steelcase from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, TheStreet raised shares of Steelcase from a “c+” rating to a “b-” rating in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.00.

Shares of Steelcase (NYSE:SCS) opened at $13.95 on Friday. Steelcase has a 52 week low of $12.50 and a 52 week high of $18.15. The firm has a market cap of $1,618.67, a P/E ratio of 13.68 and a beta of 1.25. The company has a current ratio of 1.63, a quick ratio of 1.28 and a debt-to-equity ratio of 0.37.

Steelcase (NYSE:SCS) last announced its earnings results on Monday, September 18th. The business services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.08. Steelcase had a net margin of 3.98% and a return on equity of 15.72%. The firm had revenue of $775.60 million for the quarter, compared to the consensus estimate of $759.83 million. During the same period in the prior year, the firm earned $0.32 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. analysts predict that Steelcase will post 0.93 earnings per share for the current year.

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Steelcase Company Profile

Steelcase Inc provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Company’s segments include Americas, EMEA and Other Category. The Company’s furniture portfolio includes panel-based and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools.

Insider Buying and Selling by Quarter for Steelcase (NYSE:SCS)

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