Steelcase (NYSE:SCS) Releases FY 2025 Earnings Guidance

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

Analyst Ratings Changes

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

Steelcase Price Performance

Shares of SCS stock opened at $12.91 on Friday. The firm’s 50 day moving average price is $13.52 and its two-hundred day moving average price is $13.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.15 and a current ratio of 1.61. Steelcase has a 52-week low of $10.29 and a 52-week high of $14.74. The stock has a market cap of $1.47 billion, a PE ratio of 16.99, a PEG ratio of 1.39 and a beta of 1.33.

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

Steelcase Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.40 annualized dividend and a dividend yield of 3.10%. Steelcase’s payout ratio is currently 52.63%.

Insider Activity at Steelcase

In related news, SVP Allan W. Smith, Jr. sold 70,444 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $13.84, for a total transaction of $974,944.96. Following the completion of the transaction, the senior vice president now owns 184,743 shares in the company, valued at $2,556,843.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Steelcase news, SVP Allan W. Smith, Jr. sold 70,444 shares of Steelcase stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $13.84, for a total transaction of $974,944.96. Following the transaction, the senior vice president now directly owns 184,743 shares in the company, valued at $2,556,843.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David C. Sylvester sold 73,184 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $13.84, for a total value of $1,012,866.56. Following the completion of the sale, the chief financial officer now 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 ninety days. Company 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.