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Steelcase Earnings Preview

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Steelcase Inc.  (SCS) 

Background: We design and manufacture architecture, furniture and technology products, including, office chairs, desks, storage, and space divisions. As workplace experts, we help people to have a better work experience, by providing products, services and insights into the ways they work.

Steelcase is forecast to report WEAK fourth-quarter earnings after the market closes on March 25, 2014.

The consensus estimate is currently 17 cents a share, falling 24 cents (58.5%) from 41 cents during the same period last year. Estimates from analysts range from a low of 16 cents per share, up to the highest estimate of 17 cents per share.

Steelcase pays 40 cents annually in dividend payments. The yield based on a recent price is 2.8%.

The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.2~% of the average trading float.

 

(SCS)

(MLHR)

(HNI)

Strong Buy

2

2

0

Moderate Buy

2

1

0

Avg Analyst Price Target

$18.50

$32.33

$35.50

Revenue

$2.98 billion

$1.88 billion

$2.15 billion

Est Low EPS

0.16

0.33

0.08

Est High EPS

0.17

0.36

0.12

1 Year Stock Price Change

-7.01%

12.05%

1.38%


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Stock Tickers: SCS MLHR HNI Author Disclosure: n/a
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