Steelcase Inc. (NYSE:SCS - Free Report) - Equities researchers at Noble Financial reduced their FY2025 earnings estimates for Steelcase in a research report issued on Friday, December 20th. Noble Financial analyst J. Gomes now expects that the business services provider will earn $0.94 per share for the year, down from their previous estimate of $0.99. Noble Financial has a "Outperform" rating and a $16.00 price target on the stock. The consensus estimate for Steelcase's current full-year earnings is $1.00 per share. Noble Financial also issued estimates for Steelcase's Q4 2025 earnings at $0.20 EPS, Q1 2026 earnings at $0.12 EPS, Q2 2026 earnings at $0.40 EPS, Q3 2026 earnings at $0.29 EPS, Q4 2026 earnings at $0.24 EPS and FY2026 earnings at $1.05 EPS.
Steelcase Price Performance
Shares of NYSE SCS traded down $0.09 during midday trading on Monday, reaching $11.65. The company's stock had a trading volume of 804,366 shares, compared to its average volume of 673,079. Steelcase has a one year low of $11.47 and a one year high of $14.74. The company has a 50 day moving average price of $13.00 and a 200 day moving average price of $13.15. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35. The company has a current ratio of 1.62, a quick ratio of 1.23 and a debt-to-equity ratio of 0.48.
Steelcase (NYSE:SCS - Get Free Report) last issued its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. Steelcase had a net margin of 4.02% and a return on equity of 14.41%. The firm had revenue of $794.90 million for the quarter, compared to the consensus estimate of $796.58 million. During the same period last year, the firm posted $0.30 EPS. Steelcase's quarterly revenue was up 2.2% compared to the same quarter last year.
Hedge Funds Weigh In On Steelcase
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. grew its stake in shares of Steelcase by 13.5% during the 2nd quarter. American Century Companies Inc. now owns 2,450,799 shares of the business services provider's stock worth $31,762,000 after acquiring an additional 291,070 shares in the last quarter. Renaissance Technologies LLC raised its stake in Steelcase by 380.2% in the 2nd quarter. Renaissance Technologies LLC now owns 133,500 shares of the business services provider's stock worth $1,730,000 after purchasing an additional 105,700 shares in the last quarter. State Street Corp boosted its stake in shares of Steelcase by 1.0% in the third quarter. State Street Corp now owns 2,260,310 shares of the business services provider's stock valued at $30,714,000 after buying an additional 22,226 shares during the period. Bank of New York Mellon Corp lifted its position in Steelcase by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 995,083 shares of the business services provider's stock worth $12,896,000 after purchasing an additional 60,951 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Steelcase by 129.9% in the 2nd quarter. Victory Capital Management Inc. now owns 522,956 shares of the business services provider's stock valued at $6,778,000 after purchasing an additional 295,482 shares in the last quarter. 92.42% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, VP Robert G. Krestakos sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $13.11, for a total value of $52,440.00. Following the completion of the transaction, the vice president now directly owns 119,481 shares of the company's stock, valued at approximately $1,566,395.91. This represents a 3.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 12.96% of the company's stock.
Steelcase Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.40 annualized dividend and a yield of 3.43%. Steelcase's dividend payout ratio (DPR) is presently 41.67%.
About Steelcase
(
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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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