Benchmark Upgrades Steelcase to Buy, Announces $17 Price Target
$SCS
Office Equipment/Supplies/Services
Consumer Discretionary
Benchmark analyst Reuben Garner upgrades Steelcase (NYSE:SCS) from Hold to Buy and announces $17 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | Outperform | Noble Capital Markets | |
| 11/30/2022 | Buy → Hold | The Benchmark Company | |
| 10/4/2022 | $11.00 | Neutral → Buy | Sidoti |
| 9/15/2022 | $12.00 | Buy → Neutral | Sidoti |
Strong results compared to prior year including: Operating income increased $49 millionAdjusted operating income increased $15 millionGross margin improved 130 basis pointsTotal liquidity strengthened by $193 million Americas posted order growth of 3% compared to prior yearThird quarter outlook projects 1 to 4% revenue growth compared to prior year GRAND RAPIDS, Mich., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $855.8 million, net income of $63.1 million, or $0.53 per share, and adjusted earnings per share of $0.39. In the prior year, Steelcase reported revenue of $854.6 million, net income of $27.5 million, or $0.23 per share, an
GRAND RAPIDS, Mich., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its second quarter fiscal year 2025 financial results on Thursday, September 19, 2024 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 18, 2024, after the market closes. About Steelcase Inc. Established in 1912, Steelcase is a global design, research and thought leader in the world of work. We help people do their best work by creating places that work better. Along with mor
GRAND RAPIDS, Mich., June 25, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) announces that Dave Sylvester, Senior Vice President, Chief Financial Officer and Michael O'Meara, Director, Investor Relations and Financial Planning & Analysis, will be presenting at the Noble Capital Markets' Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on June 26, 2024. The presentation is scheduled for 3:00 p.m. ET and will be webcast. Scheduled 1x1 meetings are also available for registered, qualified investor attendees. Attendees interested in viewing the live presentation can register for this event, at no cost, here: Virtual Equity Conference Registratio
Benchmark analyst Reuben Garner maintains Steelcase (NYSE:SCS) with a Buy and raises the price target from $17 to $18.
Benchmark analyst Reuben Garner maintains Steelcase (NYSE:SCS) with a Buy and raises the price target from $17 to $18.
Orders (adjusted for the impact of a divestiture and currency translation effects) grew 8 percent in the first quarter compared to the prior year, including 10 percent growth in the Americas and 2 percent growth in International. The order growth in the Americas was primarily driven by project business with large corporate customers and our education business.
SC 13G/A - STEELCASE INC (0001050825) (Subject)
SC 13G/A - STEELCASE INC (0001050825) (Subject)
SC 13G/A - STEELCASE INC (0001050825) (Subject)
Strong results compared to prior year including: Operating income increased $49 millionAdjusted operating income increased $15 millionGross margin improved 130 basis pointsTotal liquidity strengthened by $193 million Americas posted order growth of 3% compared to prior yearThird quarter outlook projects 1 to 4% revenue growth compared to prior year GRAND RAPIDS, Mich., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $855.8 million, net income of $63.1 million, or $0.53 per share, and adjusted earnings per share of $0.39. In the prior year, Steelcase reported revenue of $854.6 million, net income of $27.5 million, or $0.23 per share, an
GRAND RAPIDS, Mich., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its second quarter fiscal year 2025 financial results on Thursday, September 19, 2024 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 18, 2024, after the market closes. About Steelcase Inc. Established in 1912, Steelcase is a global design, research and thought leader in the world of work. We help people do their best work by creating places that work better. Along with mor
Orders grew 8% compared to prior year with 10% growth in the AmericasOperating income improved by $10 million compared to prior year driven by InternationalStrong second quarter outlook driven by education and large corporate customersFirst half outlook reflects pace towards higher end of full year income targets GRAND RAPIDS, Mich., June 20, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported first quarter revenue of $727.3 million, net income of $10.9 million, or $0.09 per share, and adjusted earnings per share of $0.16. In the prior year, Steelcase reported revenue of $751.9 million, net income of $1.5 million, or $0.01 per share, and adjusted earnings per share of $0.09.
4 - STEELCASE INC (0001050825) (Issuer)
4 - STEELCASE INC (0001050825) (Issuer)
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8-K - STEELCASE INC (0001050825) (Filer)
8-K - STEELCASE INC (0001050825) (Filer)
Leaders in hybrid collaboration and technology create more realistic virtual connections for better meetings in the office. GRAND RAPIDS, MIich., June 11, 2024 /PRNewswire/ -- Steelcase, a global design, research and thought leader in the world of work, and Logitech, a multinational software-enabled hardware solutions provider, today introduce Ocular™ View – an extended reality experience that immerses people in virtual conversations that make them feel like they're sitting across from one another even when they're miles apart. Ocular View is designed to enhance individual connections by integrating Steelcase hybrid collaboration insights and design with Logitech's video collaboration tech
GRAND RAPIDS, Mich., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE:SCS) announced today Sanjay Gupta has been appointed to its board of directors. Gupta is a digital marketing and business leader who is currently serving as the chief marketing officer and chief digital officer at Guaranteed Rate, a leader in mortgage lending and digital financial services. The Steelcase board continuously evaluates its composition to ensure the board of directors encompasses the requisite and complementary knowledge, expertise, skills and diversity. "We are incredibly pleased to welcome Sanjay to our board of directors," said Rob Pew, chair of the Steelcase board of directors. "Sanjay is a successful
Noble Capital Markets initiated coverage of Steelcase with a rating of Outperform
The Benchmark Company downgraded Steelcase from Buy to Hold
Sidoti upgraded Steelcase from Neutral to Buy and set a new price target of $11.00