Steelcase (NYSE:SCS) Updates Q4 Earnings Guidance

Steelcase (NYSE:SCS) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.20-0.24 for the period, compared to the consensus earnings per share estimate of $0.22. The company issued revenue guidance of $770-795 million, compared to the consensus revenue estimate of $834.64 million. Steelcase also updated its Q4 2025 guidance to 0.200-0.240 EPS.

Steelcase Stock Down 1.1 %

SCS opened at $12.32 on Friday. Steelcase has a 52 week low of $11.50 and a 52 week high of $14.74. The company has a quick ratio of 1.23, a current ratio of 1.62 and a debt-to-equity ratio of 0.48. The firm has a 50-day simple moving average of $13.03 and a two-hundred day simple moving average of $13.16. The company has a market capitalization of $1.40 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35.

Steelcase (NYSE:SCS) last posted its earnings results on Wednesday, December 18th. The business services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. Steelcase had a net margin of 4.02% and a return on equity of 14.41%. The firm had revenue of $794.90 million during the quarter, compared to analyst estimates of $796.58 million. During the same period last year, the firm posted $0.30 earnings per share. Steelcase’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts forecast that Steelcase will post 1 earnings per share for the current fiscal year.

Steelcase Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.40 dividend on an annualized basis and a yield of 3.25%. Steelcase’s dividend payout ratio (DPR) is presently 37.74%.

Wall Street Analysts Forecast Growth

Separately, Noble Financial initiated coverage on shares of Steelcase in a research note on Wednesday, October 9th. They set an “outperform” rating and a $16.00 price objective for the company.

Insider Buying and Selling

In other news, VP Robert G. Krestakos sold 4,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $13.11, for a total transaction of $52,440.00. Following the transaction, the vice president now owns 119,481 shares of the company’s stock, valued at approximately $1,566,395.91. This represents a 3.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.96% of the stock is currently owned by insiders.

About Steelcase

Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.