Q3 Earnings Forecast for Steelcase Issued By Noble Financial

Steelcase Inc. (NYSE:SCS - Free Report) - Stock analysts at Noble Financial increased their Q3 2026 EPS estimates for Steelcase in a research note issued to investors on Friday, March 28th. Noble Financial analyst J. Gomes now anticipates that the business services provider will post earnings of $0.32 per share for the quarter, up from their prior estimate of $0.29. The consensus estimate for Steelcase's current full-year earnings is $1.00 per share. Noble Financial also issued estimates for Steelcase's Q4 2026 earnings at $0.20 EPS and FY2027 earnings at $1.30 EPS.

Separately, Sidoti raised Steelcase to a "hold" rating in a research report on Friday.

Steelcase Stock Performance

Shares of NYSE:SCS traded up $0.37 during trading on Monday, hitting $11.33. 914,947 shares of the stock were exchanged, compared to its average volume of 642,656. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.57. Steelcase has a 1-year low of $10.30 and a 1-year high of $14.74. The company's fifty day simple moving average is $11.58 and its 200-day simple moving average is $12.32.

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

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Steelcase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Monday, April 7th. Steelcase's payout ratio is 39.60%.

Insider Activity

In related news, VP Robert G. Krestakos sold 5,000 shares of the business's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total value of $58,700.00. Following the sale, the vice president now owns 114,481 shares of the company's stock, valued at $1,344,006.94. The trade was a 4.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.96% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SCS. Intech Investment Management LLC acquired a new stake in shares of Steelcase during the 3rd quarter worth about $347,000. FMR LLC raised its position in Steelcase by 3,862.6% in the 3rd quarter. FMR LLC now owns 101,523 shares of the business services provider's stock valued at $1,370,000 after purchasing an additional 98,961 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Steelcase by 322.3% in the third 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 in the last quarter. Centiva Capital LP bought a new stake in shares of Steelcase during the third quarter worth $181,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Steelcase in the third quarter valued at $6,167,000. 92.42% of the stock is owned by institutional investors.

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.