Steelcase FY2025 EPS Estimate Lowered by Noble Financial

Steelcase Inc. (NYSE:SCS) – Stock analysts at Noble Financial lowered their FY2025 earnings per share estimates for Steelcase in a research note issued to investors on Friday, December 20th. Noble Financial analyst J. Gomes now forecasts that the business services provider will post earnings of $0.94 per share for the year, down from their previous forecast of $0.99. Noble Financial currently 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 announced its earnings results on Wednesday, December 18th. The business services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The firm 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 company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS.

Steelcase Trading Down 4.7 %

NYSE:SCS opened at $11.74 on Monday. Steelcase has a one year low of $11.50 and a one year high of $14.74. The company’s 50-day simple moving average is $13.00 and its 200 day simple moving average is $13.15. The firm has a market capitalization of $1.34 billion, a P/E ratio of 11.08, a PEG ratio of 1.29 and a beta of 1.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.62 and a quick ratio of 1.23.

Institutional Trading of Steelcase

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Steelcase during the second quarter valued at approximately $93,000. DekaBank Deutsche Girozentrale boosted its stake in Steelcase by 8.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 12,017 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 897 shares during the last quarter. Centiva Capital LP bought a new stake in shares of Steelcase in the 3rd quarter worth $181,000. Creative Planning raised its stake in shares of Steelcase by 8.7% in the third quarter. Creative Planning now owns 13,470 shares of the business services provider’s stock worth $182,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Cannon Global Investment Management LLC bought a new position in shares of Steelcase during the second quarter valued at $259,000. 92.42% of the stock is currently owned by institutional investors.

Insider Activity at Steelcase

In related news, VP Robert G. Krestakos sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $13.11, for a total value of $52,440.00. Following the transaction, the vice president now owns 119,481 shares in the company, valued at $1,566,395.91. The trade was a 3.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.96% of the stock is owned by corporate insiders.

Steelcase Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.40 annualized dividend and a dividend yield of 3.41%. Steelcase’s payout ratio is currently 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.