Steelcase (NYSE:SCS) Issues Q4 Earnings Guidance

Steelcase (NYSE:SCS) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.20-0.24 for the period, compared to the consensus earnings per share estimate of $0.22. The company issued revenue guidance of $770-795 million, compared to the consensus revenue estimate of $834.64 million. Steelcase also updated its Q4 2025 guidance to 0.200-0.240 EPS.

Wall Street Analyst Weigh In

Separately, Noble Financial began 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 Performance

Steelcase stock traded down $0.59 during trading hours on Wednesday, hitting $12.46. The stock had a trading volume of 1,178,489 shares, compared to its average volume of 667,531. Steelcase has a fifty-two week low of $11.50 and a fifty-two week high of $14.74. The company has a market cap of $1.42 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35. The company has a 50-day moving average of $13.04 and a two-hundred day moving average of $13.17. The company has a quick ratio of 1.23, a current ratio of 1.62 and a debt-to-equity ratio of 0.48.

Steelcase (NYSE:SCS) last announced its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $794.90 million during 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 business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 EPS. On average, equities research analysts anticipate that Steelcase will post 1 EPS for the current fiscal year.

Insider Activity

In related news, VP Robert G. Krestakos sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $13.11, for a total value of $52,440.00. Following the completion of the sale, the vice president now owns 119,481 shares in the company, valued at $1,566,395.91. This represents a 3.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.96% of the stock is currently owned by corporate 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.