Steelcase Inc. (NYSE: SCS) has reported E.P.S. of $0.09 for its first fiscal quarter (ending May 31) versus $0.01 for the same period a year ago. E.P.S. were $0.76 for the latest four quarters through May 31 versus $0.41 for the same period a year ago.
Recent Price Action
On 6/20/24, Steelcase Inc. (NYSE: SCS) stock declined by -3.3%, closing at $12.18. Moreover, exceptionally high trading volume at 281% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -1.1% during the last week.
Current PriceTarget Research Rating
SCS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Steelcase has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Steelcase has a slightly negative Appreciation Score of 38 but a good Power Rating of 74, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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