Steelcase (NYSE:SCS) Updates Q1 Earnings Guidance

Steelcase (NYSE:SCS - Get Free Report) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.13-0.17 for the period, compared to the consensus EPS estimate of $0.11. The company issued revenue guidance of $760-785 million, compared to the consensus revenue estimate of $738.48 million. Steelcase also updated its Q1 2026 guidance to 0.130-0.170 EPS.

Steelcase Price Performance

Shares of NYSE:SCS traded down $0.19 during midday trading on Friday, reaching $11.12. 1,049,713 shares of the company's stock traded hands, compared to its average volume of 640,638. The company has a market cap of $1.26 billion, a P/E ratio of 11.58, a PEG ratio of 1.25 and a beta of 1.33. The company has a fifty day simple moving average of $11.60 and a two-hundred day simple moving average of $12.33. 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.

Steelcase (NYSE:SCS - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $790.90 million. During the same quarter last year, the business earned $0.23 earnings per share. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts predict that Steelcase will post 1 EPS for the current fiscal year.

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Steelcase Announces Dividend

The company also recently announced 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 is Monday, April 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.60%. Steelcase's payout ratio is currently 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 shares were sold at an average price of $11.74, for a total transaction of $58,700.00. Following the transaction, the vice president now directly owns 114,481 shares in the company, valued at approximately $1,344,006.94. The trade was a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.96% of the company's stock.

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.