1 week Ago By ABMN Staff
Steelcase Inc. ( NYSE:SCS – Free Report ) – Equities researchers at Noble Financial dropped their FY2025 earnings estimates for shares of Steelcase in a note issued to investors on Friday, December 20th. Noble Financial analyst J.
Gomes now expects that the business services provider will post earnings per share of $0.94 for the year, down from their previous forecast of $0.99.
Noble Financial has a “Outperform” rating and a $16.00 price target on the stock. The consensus estimate for Steelcase’s current full-year earnings is $1.
00 per share. Noble Financial also issued estimates for Steelcase’s Q4 2025 earnings at $0.20 EPS, Q1 2026 earnings at $0.
12 EPS, Q2 2026 earnings at $0.40 EPS, Q3 2026 earnings at $0.29 EPS, Q4 2026 earnings at $0.
24 EPS and FY2026 earnings at $1.05 EPS. Steelcase Stock Performance SCS opened at $11.
65 on Monday. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 10.
99, a P/E/G ratio of 1.29 and a beta of 1.35.
The business’s 50-day moving average price is $13.00 and its two-hundred day moving average price is $13.15.
Steelcase has a 1 year low of $11.47 and a 1 year high of $14.74.
The company has a debt-to-equity ratio of 0.48, a current ratio of 1.62 and a quick ratio of 1.
23. Steelcase Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 30th will be paid a $0.
10 dividend. The ex-dividend date is Monday, December 30th. This represents a $0.
40 annualized dividend and a yield of 3.43%. Steelcase’s payout ratio is currently 41.
67%. Insiders Place Their Bets In other news, VP Robert G. Krestakos sold 4,000 shares of Steelcase stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 119,481 shares in the company, valued at approximately $1,566,395.91. The trade was a 3.
24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Insiders own 12.
96% of the company’s stock. Institutional Investors Weigh In On Steelcase Institutional investors have recently modified their holdings of the business. Pzena Investment Management LLC raised its position in shares of Steelcase by 0.
5% in the 2nd quarter. Pzena Investment Management LLC now owns 7,092,675 shares of the business services provider’s stock valued at $91,921,000 after buying an additional 33,024 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Steelcase by 4.
2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,297,183 shares of the business services provider’s stock valued at $68,652,000 after purchasing an additional 215,729 shares in the last quarter. Cooke & Bieler LP boosted its holdings in shares of Steelcase by 4.
9% in the 2nd quarter. Cooke & Bieler LP now owns 4,002,442 shares of the business services provider’s stock valued at $51,872,000 after purchasing an additional 186,596 shares in the last quarter. American Century Companies Inc.
raised its holdings in shares of Steelcase by 13.5% during the 2nd quarter. American Century Companies Inc.
now owns 2,450,799 shares of the business services provider’s stock worth $31,762,000 after buying an additional 291,070 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Steelcase by 1.0% during the 3rd quarter.
State Street Corp now owns 2,260,310 shares of the business services provider’s stock worth $30,714,000 after buying an additional 22,226 shares during the last quarter. Institutional investors own 92.42% of the company’s stock.
Steelcase Company Profile ( Get Free Report ) 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.
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