Steelcase (NYSE:SCS) Updates Q4 Earnings Guidance

Steelcase (NYSE:SCS) issued an update on its fourth quarter earnings guidance on Wednesday morning. 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 initiated coverage on shares of Steelcase in a report on Wednesday, October 9th. They set an “outperform” rating and a $16.00 price objective on the stock.

Steelcase Stock Down 4.5 %

Shares of SCS traded down $0.59 during trading hours on Wednesday, reaching $12.46. 1,178,489 shares of the stock traded hands, compared to its average volume of 667,531. The company has a current ratio of 1.62, a quick ratio of 1.23 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.29 and a beta of 1.35. Steelcase has a 52 week low of $11.50 and a 52 week high of $14.74. The stock has a fifty day simple moving average of $13.04 and a 200 day simple moving average of $13.17.

Steelcase (NYSE:SCS) last issued its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The firm had revenue of $794.90 million for the quarter, compared to analysts’ expectations of $796.58 million. Steelcase had a return on equity of 14.41% and a net margin of 4.02%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, equities analysts forecast that Steelcase will post 1 EPS for the current year.

Insider Activity

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 completion of the sale, the vice president now owns 119,481 shares of the company’s stock, valued at $1,566,395.91. This represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.96% of the stock is owned by company insiders.

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.