Q3 Earnings Forecast for Steelcase Issued By Noble Financial

Steelcase Inc. (NYSE:SCS) – Equities researchers at Noble Financial lifted their Q3 2026 EPS estimates for Steelcase in a research note issued to investors on Friday, March 28th. Noble Financial analyst J. Gomes now forecasts that the business services provider will post earnings per share of $0.32 for the quarter, up from their previous estimate of $0.29. The consensus estimate for Steelcase’s current full-year earnings is $1.00 per share. Noble Financial also issued estimates for Steelcase’s Q4 2026 earnings at $0.20 EPS and FY2027 earnings at $1.30 EPS.

Steelcase Trading Down 1.6 %

SCS opened at $11.12 on Monday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.25 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 0.48. Steelcase has a twelve month low of $10.30 and a twelve month high of $14.74. The company has a 50-day simple moving average of $11.60 and a 200 day simple moving average of $12.33.

Steelcase (NYSE:SCS) last announced its quarterly earnings data on Wednesday, March 26th. The business services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The firm had revenue of $788.00 million during the quarter, compared to analysts’ expectations of $790.90 million. Steelcase had a return on equity of 14.20% and a net margin of 3.63%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SCS. R Squared Ltd acquired a new stake in shares of Steelcase in the 4th quarter valued at approximately $36,000. Virtus Fund Advisers LLC lifted its stake in Steelcase by 228.9% in the 4th quarter. Virtus Fund Advisers LLC now owns 7,893 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 5,493 shares during the last quarter. Quarry LP boosted its position in Steelcase by 162.6% in the fourth quarter. Quarry LP now owns 8,344 shares of the business services provider’s stock valued at $99,000 after buying an additional 5,166 shares in the last quarter. Olympiad Research LP acquired a new stake in Steelcase in the fourth quarter valued at approximately $134,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Steelcase during the fourth quarter worth $135,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Buying and Selling

In related news, VP Robert G. Krestakos sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total transaction of $58,700.00. Following the completion of the sale, the vice president now directly owns 114,481 shares in the company, valued at $1,344,006.94. This represents a 4.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.96% of the stock is currently owned by company insiders.

Steelcase Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Monday, April 7th. Steelcase’s dividend payout ratio (DPR) is presently 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.