Steelcase (NYSE:SCS) Releases FY 2025 Earnings Guidance

Steelcase (NYSE:SCS) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.000-1.000 for the period, compared to the consensus EPS estimate of 0.980. The company issued revenue guidance of -. Steelcase also updated its Q3 2025 guidance to 0.210-0.250 EPS.

Analysts Set New Price Targets

Separately, Benchmark upped their price target on Steelcase from $17.00 to $18.00 and gave the stock a buy rating in a report on Friday, June 21st.

Steelcase Stock Up 0.4 %

Steelcase stock traded up $0.06 during midday trading on Wednesday, reaching $14.07. The company’s stock had a trading volume of 997,631 shares, compared to its average volume of 702,534. The business has a 50-day simple moving average of $13.51 and a 200-day simple moving average of $13.03. The company has a market cap of $1.61 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.34 and a beta of 1.33. Steelcase has a fifty-two week low of $8.74 and a fifty-two week high of $14.74. The company has a quick ratio of 1.15, a current ratio of 1.61 and a debt-to-equity ratio of 0.51.

Steelcase (NYSE:SCS) last announced its quarterly earnings results on Thursday, June 20th. The business services provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. The company had revenue of $727.30 million for the quarter, compared to analyst estimates of $729.05 million. Steelcase had a net margin of 2.89% and a return on equity of 13.66%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 earnings per share. On average, research analysts expect that Steelcase will post 1 earnings per share for the current fiscal year.

Steelcase Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Wednesday, July 3rd were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.84%. Steelcase’s dividend payout ratio (DPR) is presently 52.63%.

Insiders Place Their Bets

In related news, CAO Nicole Cherie Mcgrath sold 15,749 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $13.94, for a total transaction of $219,541.06. Following the transaction, the chief accounting officer now owns 18,453 shares in the company, valued at approximately $257,234.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Steelcase news, SVP Allan W. Smith, Jr. sold 70,444 shares of Steelcase stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $13.84, for a total transaction of $974,944.96. Following the completion of the transaction, the senior vice president now owns 184,743 shares in the company, valued at $2,556,843.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Nicole Cherie Mcgrath sold 15,749 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $13.94, for a total transaction of $219,541.06. Following the completion of the sale, the chief accounting officer now owns 18,453 shares in the company, valued at $257,234.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,187 shares of company stock valued at $2,410,861. 12.96% of the stock is currently owned by insiders.

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.