Noble Financial Reduces Earnings Estimates for Steelcase

Steelcase Inc. (NYSE:SCS) – Equities research analysts at Noble Financial reduced their FY2025 EPS estimates for Steelcase in a research note issued to investors on Friday, December 20th. Noble Financial analyst J. Gomes now anticipates that the business services provider will post earnings per share of $0.94 for the year, down from their previous estimate 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 (NYSE:SCS) last issued its quarterly earnings data 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 company had revenue of $794.90 million during the quarter, compared to analyst estimates of $796.58 million. Steelcase had a return on equity of 14.41% and a net margin of 4.02%. Steelcase’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share.

Steelcase Trading Down 4.7 %

Shares of NYSE:SCS opened at $11.74 on Monday. The stock’s 50-day simple moving average is $13.00 and its two-hundred day simple moving average is $13.15. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.29 and a beta of 1.35. Steelcase has a 52-week low of $11.50 and a 52-week high of $14.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.23 and a current ratio of 1.62.

Institutional Investors Weigh In On Steelcase

Several hedge funds and other institutional investors have recently modified their holdings of SCS. Innealta Capital LLC purchased a new position in Steelcase during the second quarter valued at $93,000. DekaBank Deutsche Girozentrale raised its stake in shares of Steelcase by 8.1% in 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 purchased a new position in shares of Steelcase during the 3rd quarter valued at about $181,000. Creative Planning grew its stake in shares of Steelcase by 8.7% during the 3rd quarter. Creative Planning now owns 13,470 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 1,075 shares during the period. Finally, Cannon Global Investment Management LLC purchased a new stake in Steelcase in the 2nd quarter worth approximately $259,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Steelcase

In other news, VP Robert G. Krestakos sold 4,000 shares of Steelcase stock in a transaction 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 owns 119,481 shares in the company, valued at $1,566,395.91. This trade represents a 3.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.96% of the stock is currently owned by company insiders.

Steelcase Announces Dividend

The firm also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Monday, December 30th. Steelcase’s payout ratio is 41.67%.

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.