Steelcase (NYSE:SCS) Updates FY 2025 Earnings Guidance

Steelcase (NYSE:SCS) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.000-1.000 for the period, compared to the consensus estimate of 0.980. The company issued revenue guidance of -. Steelcase also updated its FY25 guidance to $0.85-1.00 EPS.

Wall Street Analyst Weigh In

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

Steelcase Trading Up 0.8 %

NYSE SCS opened at $14.12 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.15 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $13.51 and a 200 day simple moving average of $13.03. Steelcase has a 12 month low of $8.74 and a 12 month high of $14.74. The firm has a market capitalization of $1.61 billion, a P/E ratio of 18.58, a PEG ratio of 1.34 and a beta of 1.33.

Steelcase (NYSE:SCS) last announced its earnings results on Wednesday, September 18th. The business services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Steelcase had a net margin of 2.89% and a return on equity of 13.66%. The company had revenue of $855.80 million during the quarter, compared to the consensus estimate of $864.17 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts predict that Steelcase will post 1 EPS for the current fiscal year.

Insider Transactions at Steelcase

In related news, VP Donna K. Flynn sold 13,310 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was 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 directly owns 78,733 shares of the company’s stock, valued at $1,080,216.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Steelcase news, VP Donna K. Flynn sold 13,310 shares of the business’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 transaction, the vice president now owns 78,733 shares of the company’s stock, valued at $1,080,216.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO David C. Sylvester sold 73,184 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $13.84, for a total value of $1,012,866.56. Following the sale, the chief financial officer now directly owns 551,592 shares of the company’s stock, valued at $7,634,033.28. 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 90 days. 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.