Steelcase Stock News

Stocks, Yields Tumble As Quad-Witching Fears Add To Broader Market Slide US futures tumbled after hitting an all time high less than 24 hour ago, as the favorable if paradoxical bounce in risk from the hawkish FOMC pivot faded from memory and as investors questioned whether global stocks are due for a rough ride on the backdrop of growing risks from inflation and the omicron virus variant. S&P 500 futures slumped about 0.5% Friday morning, while the U.S. 10-year Treasury yield fell for a second straight day to 1.394%, the lowest since Dec. 6. Futures were dragged down by tech stocks as volatility surged amid mounting concerns about monetary tightening and the omicron coronavirus variant. Rates hikes do not end bull markets, but reversal of central banks liquidity means less speculative froth and more volatility, said Barclays strategist Emmanuel Cau. Policy angst may be here to stay, but following months of unclear guidances and conflicting signals, the direction of travel is clear now. Investors are also bracing for the quarterly rebalancing of the S&P 500 Index after the market close and the triple witching expiration of equity derivatives that could magnify market moves.

Pre-open movers U.S. stock futures traded mostly lower in early pre-market trade after the Nasdaq index dipped around 2.5% in the previous session. The Federal Reserve maintained its target fed funds

Some of the stocks that may grab investor focus today are: Wall Street expects Darden Restaurants, Inc. (NYSE: DRI) to report quarterly earnings at $1.44 per share on revenue of $2.23 billion befor

GRAND RAPIDS, Mich., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $738.2 million and net income of $9.6 million, or $0.08 per share. In the pr

Steelcase (NYSE:SCS) reported its Q3 earnings results on Thursday, December 16, 2021 at 04:05 PM. Here's what investors need to know about the announcement.

Steelcase will be releasing earnings Q3 on December 16. Analysts expect Steelcase will report earnings per share of $0.090. Go here to track Steelcase stock price in real-time on Markets Insider. On December 16, Steelcase

Steelcase (NYSE:SCS) is set to give its latest quarterly earnings report on Thursday, 2021-12-16. Here's what investors need to know before the announcement.

Over the past three months, shares of Steelcase (NYSE: SCS ) fell by 13.74%. Before we understand the importance of debt, let us look at how much debt Steelcase has. Steelcase''s Debt According to the Steelcase''s most recent balance sheet as reported on September 24, 2021, total debt is at $484.50 million, with $478.40 million in long-term debt and $6.10 million in current debt. Adjusting for $360.70 million in cash-equivalents, the company has a net debt of $123.80 million. Let''s define some of the terms we used in the paragraph above. Current debt is the portion of a company''s debt which is due within 1 year, while long-term debt is Full story available on Benzinga.com

These investments seem pretty vulnerable right now.

Parametric Portfolio Associates LLC decreased its holdings in shares of Steelcase Inc. (NYSE:SCS) by 29.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 133,827 shares of the business services providers stock after selling 56,697 shares during the period. Parametric Portfolio Associates LLCs holdings in Steelcase were worth $2,022,000 at the end of the []

Steelcase Inc. with ticker code (SCS) now have 4 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 19 and 12 with the average target price sitting at 16. With the stocks previous close at 11.93 this indicates there is a potential upside of 34.1%. The 50 day MA is 12.24 while the 200 day moving average is 13.77. The company has a market cap of $1,338m. Company Website: https://www.steelcase.com [stock_market_widget type="chart" symbol="SCS" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company''s furniture portfolio includes panels, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools and screens.

Steelcase Inc. with ticker code (SCS) now have 4 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 19 and 12 and has a mean target at 16. Now with the previous closing price of 11.46 this would imply there is a potential upside of 39.6%. The 50 day moving average now sits at 12.33 and the 200 moving average now moves to 13.82. The company has a market capitalisation of $1,298m. Find out more information at: https://www.steelcase.com [stock_market_widget type="chart" symbol="SCS" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company''s furniture portfolio includes panels, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools and screens.

Frontier Capital Management Co. LLC reduced its position in Steelcase Inc. (NYSE:SCS) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 729,419 shares of the business services providers stock after selling 20,888 shares during the quarter. Frontier Capital Management []