FY2025 Earnings Forecast for Steelcase Issued By Sidoti Csr

Steelcase Inc. (NYSE:SCS) – Equities researchers at Sidoti Csr raised their FY2025 EPS estimates for Steelcase in a report released on Friday, December 20th. Sidoti Csr analyst G. Burns now anticipates that the business services provider will post earnings of $1.05 per share for the year, up from their prior estimate of $1.02. The consensus estimate for Steelcase’s current full-year earnings is $1.00 per share. Sidoti Csr also issued estimates for Steelcase’s Q1 2026 earnings at $0.10 EPS, Q3 2026 earnings at $0.29 EPS, Q4 2026 earnings at $0.25 EPS, FY2026 earnings at $1.07 EPS, Q1 2027 earnings at $0.14 EPS, Q2 2027 earnings at $0.51 EPS, Q3 2027 earnings at $0.33 EPS and FY2027 earnings at $1.27 EPS.

Steelcase (NYSE:SCS) last posted its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Steelcase had a return on equity of 14.41% and a net margin of 4.02%. The company had revenue of $794.90 million for the quarter, compared to analyst estimates of $796.58 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis.

Separately, Noble Financial started coverage on shares of Steelcase in a research note on Wednesday, October 9th. They set an “outperform” rating and a $16.00 price target on the stock.

Steelcase Stock Down 4.7 %

Shares of NYSE:SCS opened at $11.74 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.62 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.34 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.29 and a beta of 1.35. Steelcase has a 12 month low of $11.50 and a 12 month high of $14.74. The company’s 50-day moving average price is $13.00 and its two-hundred day moving average price is $13.15.

Institutional Trading of Steelcase

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

Insider Activity

In other Steelcase news, VP Robert G. Krestakos sold 4,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was 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 of the company’s stock, valued at approximately $1,566,395.91. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 12.96% of the company’s stock.

Steelcase Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 30th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, December 30th. This represents a $0.40 dividend on an annualized basis and a yield of 3.41%. Steelcase’s payout ratio is presently 41.67%.

Steelcase Company Profile

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.