1 week Ago By ABMN Staff
Steelcase Inc. ( NYSE:SCS – Free Report ) – Equities research analysts at Sidoti Csr lifted their FY2025 earnings per share (EPS) estimates for Steelcase in a note issued to investors on Friday, December 20th. Sidoti Csr analyst G.
Burns now anticipates that the business services provider will post earnings of $1.05 per share for the year, up from their previous forecast of $1.02.
The consensus estimate for Steelcase’s current full-year earnings is $1.00 per share. Sidoti Csr also issued estimates for Steelcase’s Q1 2026 earnings at $0.
10 EPS, Q3 2026 earnings at $0.29 EPS, Q4 2026 earnings at $0.25 EPS, FY2026 earnings at $1.
07 EPS, Q1 2027 earnings at $0.14 EPS, Q2 2027 earnings at $0.51 EPS, Q3 2027 earnings at $0.
33 EPS and FY2027 earnings at $1.27 EPS. Separately, Noble Financial began coverage on Steelcase in a research report on Wednesday, October 9th.
They issued an “outperform” rating and a $16.00 price objective on the stock. Steelcase Stock Down 0.
8 % Shares of NYSE:SCS opened at $11.65 on Monday. The company has a market cap of $1.
33 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.29 and a beta of 1.
35. Steelcase has a 12 month low of $11.47 and a 12 month high of $14.
74. The company has a current ratio of 1.62, a quick ratio of 1.
23 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $13.
00 and a 200 day moving average price of $13.15. Steelcase ( NYSE:SCS – Get Free Report ) last announced its quarterly earnings results on Wednesday, December 18th.
The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.
07. The business had revenue of $794.90 million for the quarter, compared to analysts’ expectations of $796.
58 million. Steelcase had a net margin of 4.02% and a return on equity of 14.
41%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year.
During the same quarter in the previous year, the company earned $0.30 EPS. Steelcase Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th.
Investors of record on Monday, December 30th will be issued a $0.10 dividend. The ex-dividend date is Monday, December 30th.
This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.43%.
Steelcase’s payout ratio is 41.67%. Insider Buying and Selling In related news, VP Robert G.
Krestakos sold 4,000 shares of Steelcase stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $13.11, for a total transaction of $52,440.
00. Following the transaction, the vice president now directly owns 119,481 shares of the company’s stock, valued at $1,566,395.91.
This trade represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link .
12.96% of the stock is owned by insiders. Institutional Trading of Steelcase A number of hedge funds have recently bought and sold shares of the stock.
Innealta Capital LLC acquired a new position in shares of Steelcase during the second quarter valued at about $93,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Steelcase by 8.1% during the second quarter.
DekaBank Deutsche Girozentrale now owns 12,017 shares of the business services provider’s stock worth $153,000 after buying an additional 897 shares during the period. Centiva Capital LP acquired a new position in shares of Steelcase in the third quarter valued at about $181,000. Creative Planning raised its position in Steelcase by 8.
7% during the 3rd quarter. Creative Planning now owns 13,470 shares of the business services provider’s stock worth $182,000 after buying an additional 1,075 shares during the last quarter. Finally, Cannon Global Investment Management LLC acquired a new stake in Steelcase during the 2nd quarter valued at approximately $259,000.
Hedge funds and other 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. Featured Articles 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.
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