Steelcase (NYSE:SCS) Releases Q4 Earnings Guidance

Steelcase (NYSE:SCS - Get Free Report) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.20-0.24 for the period, compared to the consensus earnings per share estimate of $0.22. The company issued revenue guidance of $770-795 million, compared to the consensus revenue estimate of $834.64 million. Steelcase also updated its Q4 2025 guidance to 0.200-0.240 EPS.

Wall Street Analysts Forecast Growth

Separately, Noble Financial started coverage on Steelcase in a research report on Wednesday, October 9th. They issued an "outperform" rating and a $16.00 target price on the stock.

Steelcase Stock Performance

NYSE:SCS traded down $0.59 during midday trading on Wednesday, hitting $12.46. The company's stock had a trading volume of 1,195,773 shares, compared to its average volume of 667,602. Steelcase has a fifty-two week low of $11.50 and a fifty-two week high of $14.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.62 and a quick ratio of 1.23. The firm has a market cap of $1.42 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.29 and a beta of 1.35. The firm's 50 day moving average is $13.03 and its 200-day moving average is $13.17.

Steelcase (NYSE:SCS - Get Free Report) last released its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.07. The firm had revenue of $794.90 million for the quarter, compared to analyst estimates of $796.58 million. Steelcase had a net margin of 4.02% and a return on equity of 14.41%. The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. Equities analysts anticipate that Steelcase will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling at Steelcase

In other Steelcase news, VP Robert G. Krestakos sold 4,000 shares of the company's 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 sale, the vice president now owns 119,481 shares in the company, valued at approximately $1,566,395.91. This represents a 3.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 12.96% of the company's stock.

About Steelcase

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.