Steelcase (SCS) to Release Earnings on Wednesday

Steelcase (NYSE:SCS) is expected to be posting its quarterly earnings results 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Steelcase Stock Up 2.7 %

Shares of NYSE:SCS opened at $10.86 on Tuesday. The stock has a market capitalization of $1.24 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. The stock’s 50-day moving average price is $11.65 and its 200-day moving average price is $12.40. The company has a current ratio of 1.57, a quick ratio of 1.21 and a debt-to-equity ratio of 0.48. Steelcase has a 12-month low of $10.51 and a 12-month high of $14.74.

Insider Buying and Selling

In other news, VP Robert G. Krestakos sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $11.74, for a total value of $58,700.00. Following the transaction, the vice president now owns 114,481 shares in the company, valued at approximately $1,344,006.94. This trade represents a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.96% of the stock is owned by corporate insiders.

Steelcase Company Profile

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.