Steelcase (SCS) Expected to Announce Earnings on Wednesday

Steelcase (NYSE:SCS) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, March 26th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $790.90 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Steelcase Price Performance

NYSE:SCS opened at $10.86 on Tuesday. Steelcase has a 52-week low of $10.51 and a 52-week high of $14.74. The stock has a fifty day moving average of $11.65 and a 200 day moving average of $12.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.57. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 1.25 and a beta of 1.33.

Insiders Place Their Bets

In related news, VP Robert G. Krestakos sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total transaction of $58,700.00. Following the transaction, the vice president now directly owns 114,481 shares of the company’s stock, valued at approximately $1,344,006.94. This trade represents a 4.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 12.96% of the company’s stock.

About Steelcase

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.