Steelcase (NYSE:SCS) Updates FY25 Earnings Guidance

Steelcase (NYSE:SCS) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.85-1.00 for the period, compared to the consensus estimate of $0.98. Steelcase also updated its FY 2025 guidance to 1.000-1.000 EPS.

Steelcase Trading Up 0.8 %

Shares of NYSE SCS opened at $14.12 on Thursday. The business’s 50 day moving average price is $13.51 and its 200-day moving average price is $13.03. Steelcase has a fifty-two week low of $8.74 and a fifty-two week high of $14.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.15 and a current ratio of 1.61. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.34 and a beta of 1.33.

Steelcase (NYSE:SCS) last released its earnings results on Wednesday, September 18th. The business services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $855.80 million during the quarter, compared to the consensus estimate of $864.17 million. Steelcase had a return on equity of 13.66% and a net margin of 2.89%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. On average, sell-side analysts expect that Steelcase will post 1 earnings per share for the current year.

Analyst Ratings Changes

Separately, Benchmark boosted their price objective on shares of Steelcase from $17.00 to $18.00 and gave the company a buy rating in a research report on Friday, June 21st.

Insiders Place Their Bets

In other Steelcase news, VP Donna K. Flynn sold 13,310 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $13.72, for a total value of $182,613.20. Following the completion of the sale, the vice president now directly owns 78,733 shares in the company, valued at approximately $1,080,216.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Steelcase news, SVP Allan W. Smith, Jr. sold 70,444 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $13.84, for a total transaction of $974,944.96. Following the transaction, the senior vice president now owns 184,743 shares of the company’s stock, valued at approximately $2,556,843.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Donna K. Flynn sold 13,310 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $13.72, for a total transaction of $182,613.20. Following the completion of the sale, the vice president now owns 78,733 shares of the company’s stock, valued at approximately $1,080,216.76. The disclosure for this sale can be found here. Insiders have sold 174,187 shares of company stock worth $2,410,861 in the last ninety days. 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.