Steelcase (NYSE:SCS) Updates Q4 Earnings Guidance

Steelcase (NYSE:SCS) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.20-0.24 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

Separately, Noble Financial initiated coverage on shares of Steelcase in a research report on Wednesday, October 9th. They set an “outperform” rating and a $16.00 price objective on the stock.

Steelcase Stock Down 4.5 %

SCS stock opened at $12.46 on Thursday. 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 firm has a market cap of $1.42 billion, a PE ratio of 11.75, a PEG ratio of 1.29 and a beta of 1.35. Steelcase has a 1 year low of $11.50 and a 1 year high of $14.74. The company has a fifty day simple moving average of $13.03 and a 200 day simple moving average of $13.17.

Steelcase (NYSE:SCS) last released its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.07. Steelcase had a return on equity of 14.41% and a net margin of 4.02%. The company had revenue of $794.90 million during the quarter, compared to the consensus estimate of $796.58 million. During the same quarter in the prior year, the company posted $0.30 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. Sell-side analysts anticipate that Steelcase will post 1 EPS 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 business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $13.11, for a total transaction of $52,440.00. Following the completion of the transaction, the vice president now owns 119,481 shares of the company’s stock, valued at $1,566,395.91. The trade was a 3.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.