Sidoti Csr Issues Optimistic Estimate for Steelcase Earnings

Steelcase Inc. (NYSE:SCS) – Sidoti Csr lifted their FY2025 EPS estimates for Steelcase in a research report issued to clients and investors on Friday, December 20th. Sidoti Csr analyst G. Burns now anticipates that the business services provider will earn $1.05 per share for the year, up from their previous estimate of $1.02. The consensus estimate for Steelcase’s current full-year earnings is $1.00 per share. Sidoti Csr also issued estimates for Steelcase’s Q1 2026 earnings at $0.10 EPS, Q3 2026 earnings at $0.29 EPS, Q4 2026 earnings at $0.25 EPS, FY2026 earnings at $1.07 EPS, Q1 2027 earnings at $0.14 EPS, Q2 2027 earnings at $0.51 EPS, Q3 2027 earnings at $0.33 EPS and FY2027 earnings at $1.27 EPS.

Separately, Noble Financial started coverage on Steelcase in a report on Wednesday, October 9th. They set an “outperform” rating and a $16.00 target price for the company.

Steelcase Stock Up 0.7 %

Shares of NYSE:SCS opened at $11.73 on Monday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.29 and a beta of 1.35. The stock’s 50-day moving average price is $12.95 and its two-hundred day moving average price is $13.14. Steelcase has a 12-month low of $11.47 and a 12-month high of $14.74. The company has a current ratio of 1.62, a quick ratio of 1.23 and a debt-to-equity ratio of 0.48.

Steelcase (NYSE:SCS) last issued its quarterly earnings data 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. The firm had revenue of $794.90 million during the quarter, compared to the consensus estimate of $796.58 million. Steelcase had a return on equity of 14.41% and a net margin of 4.02%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS.

Hedge Funds Weigh In On Steelcase

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCS. DekaBank Deutsche Girozentrale boosted its holdings in Steelcase by 8.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 12,017 shares of the business services provider’s stock worth $153,000 after buying an additional 897 shares in the last quarter. Creative Planning lifted its position in shares of Steelcase by 8.7% during the 3rd quarter. Creative Planning now owns 13,470 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 1,075 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Steelcase by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,292 shares of the business services provider’s stock worth $626,000 after acquiring an additional 1,426 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Steelcase by 4.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 40,938 shares of the business services provider’s stock worth $552,000 after acquiring an additional 1,561 shares during the last quarter. Finally, Arjuna Capital increased its stake in Steelcase by 1.1% in the 3rd quarter. Arjuna Capital now owns 152,400 shares of the business services provider’s stock worth $2,056,000 after purchasing an additional 1,674 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Robert G. Krestakos sold 4,000 shares of the business’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 transaction of $52,440.00. Following the completion of the transaction, the vice president now directly owns 119,481 shares in the company, valued at approximately $1,566,395.91. The trade was a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 12.96% of the stock is currently owned by corporate insiders.

Steelcase Dividend Announcement

The firm 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 dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.40 annualized dividend and a yield of 3.41%. Steelcase’s dividend payout ratio (DPR) is 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.