Home / Street Sector / Stocks Rallying on Glossy Earnings: Steelcase Inc. (NYSE:SCS), Unilever N.V. (NYSE:UN)

Stocks Rallying on Glossy Earnings: Steelcase Inc. (NYSE:SCS), Unilever N.V. (NYSE:UN)

Following previous ticker characteristics, Steelcase Inc. (NYSE:SCS) also run on active notice, stock price declined -1.83% after traded at $14.24 in most recent trading session. Steelcase Inc. (SCS) reported q2 income of $758 million and net income of $38.2 million, or diluted eps of $0.31.  Not Comprising restructuring costs, adjusted earnings were $0.32 per share.  In the previous year, Steelcase reported $819.0 million of income, diluted earnings of $0.30 per share and adjusted earnings of $0.35 per share.

The president and CEO, Jim Keane stated that July orders in the Americas were down 8 percent, which approximated the industry decline for that month, and that led to lower q2 income than they predictable. “While the domestic economic and political environments remain uncertain, Americas orders improved in August and early September on the strength of new products, our project prospects pipeline for the next twelve months has expanded, and we are expecting growth in the third quarter compared to the previous year. Our EMEA business also continues to improve, although Brexit and other political factors are contributing to persistent headwinds, impacting our expectations for the second half of the year.”

SCS has price to earnings ratio of 10.63 and the price to current year EPS stands at 99.00%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 20.55%. The earning yield also gives right direction to lure investment, as the co has 3.31% dividend yield. Moving toward ratio analysis, it has current ratio of 1.70 and quick ratio was calculated as 1.30. The debt to equity ratio appeared as 0.41 for seeing its liquidity position.

Taking notice on volatility measures, price volatility of stock was 4.52% for a week and 2.58% for a month. The price volatility’s Average True Range for 14 days was 0.43. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 2.00 out of 1-5 scale with week’s performance of 3.35%. SCS’s institutional ownership was registered as 92.10%, while insider ownership was 2.50%.

Unilever N.V. (NYSE:UN) persists its position slightly strong in context of buying side, while shares price reduced -0.47% during latest trading session as,

Analysts Practices; to watch unbiased undervalue securities, there is need to see following technical rations. UN holds price to earnings ratio of 23.91 that presents much better indication for a stock’s value than the market price alone. Based on historic views, the average P/E ratio in market fluctuates between 15 to 25, but alone low P/E ratio does not necessarily mean that a company is undervalue. With reference to all theories, earning yield also gives right direction to lure investment, as UN has 2.99% dividend yield.

Narrow down focus to other ratios, the co has current ratio of 0.70 that indicates if UN lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 0.50, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 1.13, sometimes its remain same with long term debt to equity ratio.


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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