Steelcase (NYSE:SCS) Issues Q1 2026 Earnings Guidance

Steelcase (NYSE:SCS - Get Free Report) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.130-0.170 for the period, compared to the consensus earnings per share estimate of 0.120. The company issued revenue guidance of $760.0 million-$785.0 million, compared to the consensus revenue estimate of $745.3 million. Steelcase also updated its Q1 guidance to $0.13-0.17 EPS.

Steelcase Stock Down 1.6 %

SCS stock traded down $0.19 during trading hours on Friday, hitting $11.12. The company's stock had a trading volume of 1,049,713 shares, compared to its average volume of 640,638. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 0.48. Steelcase has a 12 month low of $10.30 and a 12 month high of $14.74. The stock has a 50 day moving average price of $11.60 and a two-hundred day moving average price of $12.33. The company has a market capitalization of $1.26 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33.

Steelcase (NYSE:SCS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The business services provider reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. The company had revenue of $788.00 million during the quarter, compared to analysts' expectations of $790.90 million. Steelcase had a return on equity of 14.20% and a net margin of 3.63%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, equities research analysts expect that Steelcase will post 1 earnings per share for the current year.

Remove Ads

Steelcase Announces Dividend

The business 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 3.60%. Steelcase's dividend payout ratio (DPR) is presently 41.67%.

Insider Transactions at Steelcase

In related news, VP Robert G. Krestakos sold 5,000 shares of the business's stock in a transaction dated Wednesday, January 22nd. The stock was 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 approximately $1,344,006.94. The trade was a 4.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.96% of the stock is owned by corporate insiders.

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.