Earnings

Stock Earnings on Trader’s Radar: Steelcase Inc. (NYSE:SCS)

Shares of Steelcase Inc. (NYSE:SCS) reached at $15.70 during previous trading session. The company has experienced volume of 1,303,276 shares.

Steelcase Inc. (NYSE:SCS) on March 22, 2017 reported fourth quarter revenue of $769.1 million and net income of $25.8 million, or diluted earnings of $0.21 per share.  During the quarter, as a result of a change in the French corporate tax rate, the company reduced the value of its net deferred tax assets by approximately $8 million, which reduced diluted earnings per share by approximately $0.06, net of related variable compensation effects.  In the prior year, Steelcase reported $747.9 million of revenue, diluted earnings of $0.62 per share and adjusted earnings of $0.64 per share.  Prior year results included significant items related to the reversal of a valuation allowance recorded against net deferred tax assets in France and a gain from the partial sale of an investment in an unconsolidated affiliate, which had a combined favorable impact on diluted earnings per share of approximately $0.42, net of related variable compensation expense.

Revenue increased 3 percent in the fourth quarter compared to the prior year, while orders increased by 6 percent. The Americas posted revenue growth of 3 percent, which was negatively impacted by continued year-over-year declines in the energy sector. Orders in the Americas grew 5 percent over the prior year.  EMEA revenue declined 5 percent, or less than 1 percent on an organic basis, and orders declined 3 percent, reflecting mixed results across the region.  The Other category posted revenue growth of 13 percent and order growth of 24 percent in the fourth quarter compared to prior year, driven by continued strength in Asia Pacific.

Steelcase Inc. (NYSE:SCS) holds the market capitalization of $1.87B along with 85.90M outstanding shares. During the last trade, stock’s minimum price has been reached out at $15.45 while the maximum trading price moved at $16.25. Currently the stock price is moving -9.59% off from the highest level of twelve months and +31.46% above from twelve months low. Steelcase Inc. (NYSE:SCS) marked 52-week highest price level of $18.14 on 12/30/16 and 52-week lowest price level of $12.48 on 09/21/16. For the stock, price target value has been calculated at $18.00 based on calls of 1 experts. Stock’s minimum price target estimates has been figured out at $18.00 while the maximum price target forecast is established at $18.00.

As of current trade, Steelcase Inc. (NYSE:SCS) has shown weekly downbeat performance of -5.42%. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 9.27%. Year-to-date (YTD) performance of the stock illustrate downbeat trend of -12.29%. Shares of Steelcase Inc. (NYSE:SCS) currently have an ABR of 3.00, derived from a total of 3 opinions. The company’s price sits 0.06% above from its 50-day moving average of $16.34 and 8.97% above from the stock’s 200-day moving average of $15.48. The company has Relative Strength Index (RSI 14) of 51.41 along with Average True Range (ATR 14) of 0.44. Its weekly and monthly volatility is 3.18%, 2.62% respectively. The company’s beta value is at 1.07.

Steelcase Inc. (NYSE:SCS) currently has a PEG ratio of 1.16 where as its P/E ratio is 10.89. The company’s price to sales ratio for trailing twelve months is 0.61 and price to book ratio for most recent quarter is 2.49, whereas price to cash per share for the most recent quarter is 7.81. Steelcase Inc. (NYSE:SCS)’s price to free cash flow for trailing twelve months is 48.34. Its quick ratio for most recent quarter is 1.20 along with current ratio for most recent quarter of 1.50. Total debt to equity ratio of the company for most recent quarter is 0.40 whereas long term debt to equity ratio for most recent quarter is 0.40. Steelcase Inc. (NYSE:SCS) has a Return on Assets of 9.90%. The company currently has a Return on Equity of 23.30% and Return on Investment of 16.40%.

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