FY2025 Earnings Estimate for Steelcase Issued By Sidoti Csr

Steelcase Inc. (NYSE:SCS) – Research analysts at Sidoti Csr boosted their FY2025 earnings per share estimates for shares of Steelcase in a report released 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 started coverage on shares of Steelcase in a research report on Wednesday, October 9th. They set an “outperform” rating and a $16.00 price target on the stock.

Steelcase Trading Down 0.8 %

NYSE SCS opened at $11.65 on Monday. The firm’s 50-day moving average is $13.00 and its two-hundred day moving average is $13.15. Steelcase has a 12 month low of $11.47 and a 12 month 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. The stock has a market capitalization of $1.33 billion, a P/E ratio of 10.99, a PEG ratio of 1.29 and a beta of 1.35.

Steelcase (NYSE:SCS) last released its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.23 by $0.07. The firm had revenue of $794.90 million for the quarter, compared to analyst estimates of $796.58 million. Steelcase had a net margin of 4.02% and a return on equity of 14.41%. The business’s revenue for the quarter 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.

Institutional Investors Weigh In On Steelcase

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCS. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Steelcase in the third quarter valued at about $6,167,000. BNP Paribas Financial Markets boosted its position in shares of Steelcase by 322.3% in the third quarter. BNP Paribas Financial Markets now owns 572,269 shares of the business services provider’s stock worth $7,720,000 after buying an additional 436,754 shares during the period. Victory Capital Management Inc. increased its stake in Steelcase by 129.9% during the 2nd quarter. Victory Capital Management Inc. now owns 522,956 shares of the business services provider’s stock worth $6,778,000 after buying an additional 295,482 shares during the period. American Century Companies Inc. lifted its holdings in Steelcase by 13.5% in 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, Dimensional Fund Advisors LP boosted its position in 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 buying an additional 215,729 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Insider Activity at Steelcase

In other Steelcase news, VP Robert G. Krestakos sold 4,000 shares of the firm’s 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 sale, the vice president now owns 119,481 shares of the company’s stock, valued at approximately $1,566,395.91. This trade represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.96% of the stock is currently owned by corporate insiders.

Steelcase Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 3.43%. Steelcase’s dividend payout ratio (DPR) is 41.67%.

Steelcase Company Profile

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.