Sidoti Csr Has Bullish Forecast for Steelcase Q1 Earnings

Steelcase Inc. (NYSE:SCS) – Sidoti Csr increased their Q1 2026 EPS estimates for shares of Steelcase in a research note issued on Friday, March 28th. Sidoti Csr analyst G. Burns now expects that the business services provider will earn $0.15 per share for the quarter, up from their prior estimate of $0.10. The consensus estimate for Steelcase’s current full-year earnings is $1.00 per share. Sidoti Csr also issued estimates for Steelcase’s Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.30 EPS, Q4 2026 earnings at $0.26 EPS, FY2026 earnings at $1.14 EPS, Q1 2027 earnings at $0.17 EPS, Q2 2027 earnings at $0.53 EPS, Q3 2027 earnings at $0.34 EPS, Q4 2027 earnings at $0.30 EPS and FY2027 earnings at $1.34 EPS.

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

Steelcase Price Performance

Steelcase stock opened at $11.12 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.21 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $11.60 and a 200 day moving average price of $12.33. Steelcase has a 12-month low of $10.30 and a 12-month high of $14.74. The stock has a market cap of $1.26 billion, a P/E ratio of 11.58, a PEG ratio of 1.25 and a beta of 1.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SCS. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Steelcase during the third quarter worth $6,167,000. BNP Paribas Financial Markets lifted its position in shares of Steelcase by 322.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 572,269 shares of the business services provider’s stock worth $7,720,000 after purchasing an additional 436,754 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Steelcase by 109.8% during the fourth quarter. Teacher Retirement System of Texas now owns 775,177 shares of the business services provider’s stock worth $9,163,000 after purchasing an additional 405,614 shares in the last quarter. Millennium Management LLC grew its stake in shares of Steelcase by 93.6% during the fourth quarter. Millennium Management LLC now owns 694,625 shares of the business services provider’s stock worth $8,210,000 after purchasing an additional 335,889 shares in the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new position in Steelcase in the fourth quarter valued at $3,769,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Steelcase

In other Steelcase news, VP Robert G. Krestakos sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $11.74, for a total value of $58,700.00. Following the transaction, the vice president now owns 114,481 shares of the company’s stock, valued at $1,344,006.94. This represents a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 12.96% of the stock is currently owned by 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 given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Monday, April 7th. Steelcase’s payout ratio 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.