1 day Ago By ABMN Staff
Steelcase ( NYSE:SCS – Get Free Report ) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.000-1.
000 for the period, compared to the consensus estimate of 0.980. The company issued revenue guidance of -.
Steelcase also updated its FY25 guidance to $0.85-1.00 EPS.
Steelcase Stock Up 0.7 % Shares of Steelcase stock traded up $0.10 during trading on Wednesday, reaching $14.
11. The company’s stock had a trading volume of 1,288,899 shares, compared to its average volume of 704,152. Steelcase has a 1-year low of $8.
74 and a 1-year high of $14.74. The company has a 50-day simple moving average of $13.
51 and a two-hundred day simple moving average of $13.03. The company has a quick ratio of 1.
15, a current ratio of 1.61 and a debt-to-equity ratio of 0.51.
The company has a market cap of $1.61 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 1.
34 and a beta of 1.33. Steelcase ( NYSE:SCS – Get Free Report ) last issued its quarterly earnings results on Thursday, June 20th.
The business services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.
06. Steelcase had a return on equity of 13.66% and a net margin of 2.
89%. The business had revenue of $727.30 million during the quarter, compared to the consensus estimate of $729.
05 million. During the same quarter last year, the company earned $0.09 earnings per share.
The company’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities analysts forecast that Steelcase will post 1 earnings per share for the current year.
Steelcase Announces Dividend Wall Street Analysts Forecast Growth Separately, Benchmark lifted their price objective on shares of Steelcase from $17.00 to $18.00 and gave the stock a buy rating in a research note on Friday, June 21st.
View Our Latest Report on SCS Insider Buying and Selling In related news, CFO David C. Sylvester sold 73,184 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $13.
84, for a total value of $1,012,866.56. Following the transaction, the chief financial officer now owns 551,592 shares in the company, valued at approximately $7,634,033.
28. The sale was disclosed in a filing with the SEC, which is available through this link . In related news, SVP Allan W.
Smith, Jr. sold 70,444 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $13.
84, for a total transaction of $974,944.96. Following the sale, the senior vice president now directly owns 184,743 shares of the company’s stock, valued at $2,556,843.
12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Also, CFO David C.
Sylvester sold 73,184 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $13.84, for a total value of $1,012,866.
56. Following the completion of the transaction, the chief financial officer now directly owns 551,592 shares of the company’s stock, valued at $7,634,033.28.
The disclosure for this sale can be found here . Insiders sold 174,187 shares of company stock valued at $2,410,861 over the last quarter. 12.
96% of the stock is currently owned by company insiders. 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. Recommended Stories Receive News & Ratings for Steelcase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steelcase and related companies with MarketBeat.com's FREE daily email newsletter .
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