Noble Financial Brokers Cut Earnings Estimates for Steelcase

Steelcase Inc. (NYSE:SCS) – Stock analysts at Noble Financial decreased their FY2025 earnings per share estimates for Steelcase in a report released on Friday, December 20th. Noble Financial analyst J. Gomes now forecasts that the business services provider will post earnings per share of $0.94 for the year, down from their previous forecast of $0.99. Noble Financial has a “Outperform” rating and a $16.00 price target on the stock. The consensus estimate for Steelcase’s current full-year earnings is $1.00 per share. Noble Financial also issued estimates for Steelcase’s Q4 2025 earnings at $0.20 EPS, Q1 2026 earnings at $0.12 EPS, Q2 2026 earnings at $0.40 EPS, Q3 2026 earnings at $0.29 EPS, Q4 2026 earnings at $0.24 EPS and FY2026 earnings at $1.05 EPS.

Steelcase (NYSE:SCS) last announced 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. 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 analysts’ expectations of $796.58 million. During the same period in the prior year, the company earned $0.30 EPS. Steelcase’s revenue was up 2.2% compared to the same quarter last year.

Steelcase Stock Up 0.7 %

NYSE:SCS opened at $11.73 on Monday. Steelcase has a one year low of $11.47 and a one year 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 company has a market cap of $1.34 billion, a PE ratio of 11.07, a P/E/G ratio of 1.29 and a beta of 1.35. The firm’s 50 day simple moving average is $12.95 and its 200 day simple moving average is $13.14.

Institutional Trading of Steelcase

Large investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of Steelcase by 13.5% during the 2nd quarter. American Century Companies Inc. now owns 2,450,799 shares of the business services provider’s stock worth $31,762,000 after purchasing an additional 291,070 shares in the last quarter. Renaissance Technologies LLC grew its stake in Steelcase by 380.2% in the second quarter. Renaissance Technologies LLC now owns 133,500 shares of the business services provider’s stock valued at $1,730,000 after acquiring an additional 105,700 shares during the period. State Street Corp increased its holdings in shares of Steelcase by 1.0% during the third quarter. State Street Corp now owns 2,260,310 shares of the business services provider’s stock valued at $30,714,000 after acquiring an additional 22,226 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Steelcase by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 995,083 shares of the business services provider’s stock worth $12,896,000 after purchasing an additional 60,951 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Steelcase by 129.9% during the second quarter. Victory Capital Management Inc. now owns 522,956 shares of the business services provider’s stock worth $6,778,000 after purchasing an additional 295,482 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insider Activity at Steelcase

In other Steelcase news, VP Robert G. Krestakos sold 4,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $13.11, for a total transaction of $52,440.00. Following the completion of the sale, the vice president now directly owns 119,481 shares in the company, valued at approximately $1,566,395.91. This trade represents a 3.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 12.96% of the stock is currently owned by company insiders.

Steelcase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Monday, December 30th. Steelcase’s dividend payout ratio is currently 41.67%.

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.