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

March 15, 2018 - By Nellie Frank

 EPS for Steelcase Inc. (SCS) Expected At $0.16
Investors sentiment increased to 1.32 in 2017 Q3. 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.
Palouse Capital Mgmt Inc holds 0.43% or 84,148 shares. Barclays Public Ltd holds 0% of its portfolio in Steelcase Inc. (NYSE:SCS) for 21,284 shares. Brandywine Global Inv Mgmt Ltd Liability Company holds 0.03% or 294,468 shares. Dreman Value Mngmt L L C holds 0.02% or 1,952 shares in its portfolio. The New York-based Jpmorgan Chase And has invested 0% in Steelcase Inc. (NYSE:SCS). Strs Ohio accumulated 59,200 shares. Kbc Group Inc Nv has invested 0.02% in Steelcase Inc. (NYSE:SCS). Price T Rowe Assocs Incorporated Md, Maryland-based fund reported 26,903 shares. Us Fincl Bank De reported 5,925 shares or 0% of all its holdings. Brown Brothers Harriman stated it has 428,127 shares. Aviance Limited Liability Corporation holds 0% of its portfolio in Steelcase Inc. (NYSE:SCS) for 399 shares. Spark Inv Management Ltd Liability Com reported 0.15% in Steelcase Inc. (NYSE:SCS). Legal General Group Public Ltd holds 44,983 shares. Amalgamated Commercial Bank accumulated 10,862 shares. Spitfire Ltd Limited Liability Company invested in 464,808 shares.

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

Analysts expect Steelcase Inc. (NYSE:SCS) to report $0.16 EPS on March, 20 after the close.They anticipate $0.06 EPS change or 27.27 % from last quarter’s $0.22 EPS. SCS’s profit would be $18.59 million giving it 22.42 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 decreased 1.37% or $0.2 during the last trading session, reaching $14.35. About 397,124 shares traded. Steelcase Inc. (NYSE:SCS) has risen 11.15% since March 15, 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. The company was initiated on Friday, November 4 by Seaport Global. The company was downgraded on Tuesday, September 1 by Zacks. The rating was upgraded by Raymond James to “Strong Buy” on Thursday, March 23. Sidoti upgraded Steelcase Inc. (NYSE:SCS) rating on Friday, September 1. Sidoti has “Buy” rating and $16.0 target. Raymond James downgraded Steelcase Inc. (NYSE:SCS) on Wednesday, December 23 to “Mkt Perform” rating. Raymond James maintained the shares of SCS in report on Friday, June 23 with “Strong-Buy – Outperform” rating. Sidoti downgraded the stock to “Hold” rating in Wednesday, September 20 report.

Steelcase Inc. manufactures and sells integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company has market cap of $1.67 billion. The firm operates through Americas, EMEA, and Other Category divisions. It has a 16.12 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.

Another recent and important Steelcase Inc. (NYSE:SCS) news was published by Globenewswire.com which published an article titled: “Steelcase Inc. to Webcast Presentation at Raymond James Investor Conference …” on February 28, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.