Steelcase Inc. (NYSE:SCS - Free Report) - Research analysts at Sidoti Csr raised their Q1 2026 earnings per share (EPS) estimates for Steelcase in a research report issued on Friday, March 28th. Sidoti Csr analyst G. Burns now anticipates that the business services provider will earn $0.15 per share for the quarter, up from their prior forecast of $0.10. The consensus estimate for Steelcase's current full-year earnings is $1.00 per share. Sidoti Csr also issued estimates for Steelcase's Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.30 EPS, Q4 2026 earnings at $0.26 EPS, FY2026 earnings at $1.14 EPS, Q1 2027 earnings at $0.17 EPS, Q2 2027 earnings at $0.53 EPS, Q3 2027 earnings at $0.34 EPS, Q4 2027 earnings at $0.30 EPS and FY2027 earnings at $1.34 EPS.
Separately, Sidoti raised shares of Steelcase to a "hold" rating in a research note on Friday.
Read Our Latest Stock Report on Steelcase
Steelcase Trading Up 3.3 %
Shares of Steelcase stock traded up $0.37 on Monday, hitting $11.33. The stock had a trading volume of 914,947 shares, compared to its average volume of 642,656. Steelcase has a twelve month low of $10.30 and a twelve month high of $14.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.57. The firm has a market capitalization of $1.29 billion, a P/E ratio of 11.80, a PEG ratio of 1.25 and a beta of 1.33. The stock has a 50 day moving average of $11.58 and a 200 day moving average of $12.32.
Steelcase (NYSE:SCS - Get Free Report) last issued its earnings results on Wednesday, March 26th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. Steelcase had a return on equity of 14.20% and a net margin of 3.63%. The business had revenue of $788.00 million during the quarter, compared to analysts' expectations of $790.90 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The business's revenue for the quarter was up 1.7% compared to the same quarter last year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in SCS. R Squared Ltd bought a new stake in Steelcase in the fourth quarter worth approximately $36,000. Virtus Fund Advisers LLC lifted its position in shares of Steelcase by 228.9% during the 4th quarter. Virtus Fund Advisers LLC now owns 7,893 shares of the business services provider's stock valued at $93,000 after acquiring an additional 5,493 shares during the period. Quarry LP boosted its stake in Steelcase by 162.6% during the fourth quarter. Quarry LP now owns 8,344 shares of the business services provider's stock worth $99,000 after acquiring an additional 5,166 shares in the last quarter. Olympiad Research LP acquired a new stake in Steelcase in the fourth quarter worth $134,000. Finally, Boothbay Fund Management LLC bought a new stake in Steelcase in the fourth quarter valued at $135,000. 92.42% of the stock is owned by institutional investors.
Insider Transactions at Steelcase
In related news, VP Robert G. Krestakos sold 5,000 shares of Steelcase stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $11.74, for a total transaction of $58,700.00. Following the completion of the transaction, the vice president now owns 114,481 shares of the company's stock, valued at $1,344,006.94. This trade represents a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.96% of the company's stock.
Steelcase Announces Dividend
The company also recently declared 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. The ex-dividend date of this dividend is Monday, April 7th. This represents a $0.40 annualized dividend and a yield of 3.53%. Steelcase's payout ratio is 39.60%.
Steelcase Company Profile
(
Get Free Report)
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.
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