Steelcase (NYSE:SCS) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Steelcase (NYSE:SCS - Get Free Report) released its quarterly earnings data on Wednesday. The business services provider reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.06, Zacks reports. Steelcase had a return on equity of 14.20% and a net margin of 3.63%. The company had revenue of $788.00 million for the quarter, compared to the consensus estimate of $790.90 million. During the same period in the previous year, the business earned $0.23 earnings per share. The company's quarterly revenue was up 1.7% on a year-over-year basis. Steelcase updated its Q1 guidance to $0.13-0.17 EPS and its Q1 2026 guidance to 0.130-0.170 EPS.

Steelcase Price Performance

SCS stock traded down $0.19 during trading on Friday, hitting $11.12. 1,049,713 shares of the stock traded hands, compared to its average volume of 640,638. The company has a current ratio of 1.57, a quick ratio of 1.21 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.25 and a beta of 1.33. Steelcase has a one year low of $10.30 and a one year high of $14.74. The company has a 50 day simple moving average of $11.60 and a 200 day simple moving average of $12.33.

Steelcase Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Monday, April 7th. Steelcase's payout ratio is 41.67%.

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Insider Transactions at Steelcase

In related news, VP Robert G. Krestakos sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $11.74, for a total value of $58,700.00. Following the completion of the transaction, the vice president now owns 114,481 shares in the company, valued at $1,344,006.94. The trade was a 4.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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.