Sidoti Csr Has Strong Estimate for Steelcase FY2025 Earnings

Steelcase Inc. (NYSE:SCS - Free Report) - Equities research analysts at Sidoti Csr raised their FY2025 earnings per share (EPS) estimates for Steelcase in a report issued on Friday, December 20th. Sidoti Csr analyst G. Burns now forecasts that the business services provider will post earnings per share of $1.05 for the year, up from their previous forecast 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.

Separately, Noble Financial assumed coverage on shares of Steelcase in a research note on Wednesday, October 9th. They set an "outperform" rating and a $16.00 target price for the company.

Steelcase Stock Performance

Shares of Steelcase stock traded down $0.09 during trading on Monday, hitting $11.65. 804,366 shares of the company's stock traded hands, compared to its average volume of 673,079. The business has a 50-day simple moving average of $13.00 and a 200-day simple moving average of $13.15. Steelcase has a 1 year low of $11.47 and a 1 year high of $14.74. The stock has a market capitalization of $1.33 billion, a P/E ratio of 10.99, a PEG ratio of 1.29 and a beta of 1.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.62 and a quick ratio of 1.23.

Steelcase (NYSE:SCS - Get Free Report) last issued its earnings results on Wednesday, December 18th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.07. The business 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 for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share.

Institutional Trading of Steelcase

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new stake in Steelcase in the 2nd quarter worth $93,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Steelcase by 8.1% in the second 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 during the last quarter. Centiva Capital LP purchased a new stake in shares of Steelcase in the third quarter worth about $181,000. Creative Planning boosted its stake in Steelcase by 8.7% during 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 during the last quarter. Finally, Cannon Global Investment Management LLC purchased a new position in Steelcase during the 2nd quarter valued at approximately $259,000. Institutional investors own 92.42% of the company's stock.

Insider Buying and Selling

In other news, VP Robert G. Krestakos sold 4,000 shares of the business's 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 directly owns 119,481 shares in the company, valued at $1,566,395.91. The trade was a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.96% of the stock is owned by insiders.

Steelcase Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Monday, December 30th. Steelcase's payout ratio is 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.