|Bid||12.57 x 1200|
|Ask||13.25 x 800|
|Day's Range||11.98 - 13.20|
|52 Week Range||7.02 - 23.02|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||7.73|
|Earnings Date||Jun 22, 2020 - Jun 29, 2020|
|Forward Dividend & Yield||0.28 (2.43%)|
|Ex-Dividend Date||Apr 02, 2020|
|1y Target Est||10.00|
Steelcase Inc said on Tuesday that it recalled most of its manufacturing employees globally who were furloughed due to restrictions imposed to curb the spread of the COVID-19 pandemic. "In the U.S., the company has eased the pay and hour reductions for most of its salaried employees from 50% to 20%," Steelcase said. The company also eased reductions in base pay for its chief executive officer from a $1 annual salary to a 50% base pay reduction and for its other executives to 20% cut from 60%.
Steelcase Inc. said Tuesday it was recalling most of its manufacturing employees that were furloughed, as government restrictions related to the COVID-19 pandemic have begun to ease. The maker of furniture settings and interior architectural products said all of its manufacturing and distribution locations are currently open, and many showrooms are beginning to reopen. Steelcase said it was easing the reductions in pay and work hours for employees that were implemented in March and April. The company said revenue for the March-April period fell 39% from a year ago, with March revenue down 21% and April revenue down 60%. The FactSet consensus for fiscal first-quarter revenue, which runs through May, of $546 million implies a 34% decline. The stock, which was still inactive in premarket trading, has tumbled 43.7% year to date, while the S&P 500 has lost 8.5%.
Steelcase Inc. (SCS) announced today it has called back most of its manufacturing workforce from temporary layoffs as government restrictions related to the COVID-19 pandemic are beginning to ease. All of the company’s manufacturing and distribution locations around the world are open, with some locations in the process of scaling up capacity levels and a few locations continuing to be subject to government restrictions that prevent them from operating at normal capacity. As of May 1, 2020, the company’s backlog of customer orders was approximately $700 million, or approximately 23% higher than the prior year, as government mandates significantly limited the company’s ability to manufacture products and fulfill orders throughout much of the world over the last two months.
Steelcase today announced it has already started and continues to manufacture and deploy critical equipment supplies for healthcare providers on the frontlines of the battle against the COVID-19 global pandemic. Among the supplies Steelcase is producing are masks for use in clinical environments; facial shields for clinicians in direct contact with patients; and social screens, desktop and floor mounted, for screening and communicating with visitors at safe social distances. Steelcase is using its plants, model shop and innovation center to rapidly develop solutions that will be built to scale and distributed to medical facilities.
The investors in Steelcase Inc.'s (NYSE:SCS) will be rubbing their hands together with glee today, after the share...
NEW YORK, NY / ACCESSWIRE / March 25, 2020 / Steelcase, Inc. (NYSE:SCS) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 25, 2020 at 8:30 AM Eastern ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Steelcase Inc. New York, March 09, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Steelcase Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Today we will run through one way of estimating the intrinsic value of Steelcase Inc. (NYSE:SCS) by taking the...
Steelcase soared past a buy point Wednesday after topping Q3 estimates late Tuesday. Rival Herman Miller reported mixed results after the close.
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GRAND RAPIDS, Mich., Nov. 26, 2019 -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its third quarter fiscal year 2020 financial results on Wednesday, December 18,.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
With the Q3 reporting cycle gaining steam, investors must be looking for solid growth stocks. However, not considering their debt level might not be a wise move.
Steelcase Inc. (SCS) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Today Steelcase and Uhuru, a Brooklyn-based furniture design firm, announce plans to expand their relationship in North America. This offering builds on Uhuru’s successful offering on Steelcase Marketplace, the online marketplace for designers to discover, create and collaborate with ease. Steelcase will now offer customers the full Uhuru product portfolio, inclusive of Uhuru’s line of contract furniture solutions.