News stories about Steelcase (NYSE:SCS) have trended somewhat positive on Friday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Steelcase earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.8876724182929 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- IT Execs See Promise In IoT, Reinforcing Microsoft’s $5B Investment (finance.yahoo.com)
- The Morning Download: Steelcase CIO Bets Big on the Connected Office (finance.yahoo.com)
- Zacks: Analysts Expect Steelcase (SCS) Will Post Quarterly Sales of $756.45 Million (americanbankingnews.com)
- $0.15 Earnings Per Share Expected for Steelcase (SCS) This Quarter (americanbankingnews.com)
Shares of NYSE:SCS traded down $0.30 during trading on Friday, reaching $13.90. 345,608 shares of the company traded hands, compared to its average volume of 705,485. The company has a market cap of $1,625.89, a price-to-earnings ratio of 15.13 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.58. Steelcase has a 52 week low of $12.50 and a 52 week high of $18.15.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Steelcase’s previous quarterly dividend of $0.13. Steelcase’s dividend payout ratio is presently 59.34%.
SCS has been the topic of a number of recent research reports. Zacks Investment Research raised Steelcase from a “sell” rating to a “hold” rating in a research report on Wednesday, March 28th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Steelcase in a research report on Monday, March 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.00.
In other news, Director Peter M. Wege II sold 7,000 shares of the stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $13.46, for a total value of $94,220.00. Following the completion of the sale, the director now owns 246,391 shares of the company’s stock, valued at $3,316,422.86. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 18.87% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Steelcase (SCS) Getting Somewhat Positive News Coverage, Report Finds” was posted by BBNS and is owned by of BBNS. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://baseballnewssource.com/2018/04/06/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-steelcase-scs-share-price/2037681.html.
Steelcase Company Profile
Steelcase Inc manufactures and sells integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company operates through Americas, EMEA, and Other Category segments. Its furniture systems portfolio comprises panel-based and freestanding furniture systems, storage, desks, benches, tables, and complementary products, such as worktools.
Receive News & Ratings for Steelcase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steelcase and related companies with MarketBeat.com's FREE daily email newsletter.