Steelcase (NYSE:SCS) Releases Earnings Results, Beats Expectations By $0.07 EPS

Steelcase (NYSE:SCS) announced its quarterly earnings results on Wednesday. The business services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07, Zacks reports. Steelcase had a net margin of 4.02% and a return on equity of 14.41%. The company had revenue of $794.90 million for the quarter, compared to analysts’ expectations of $796.58 million. During the same period in the prior year, the company posted $0.30 EPS. Steelcase’s revenue was up 2.2% compared to the same quarter last year. Steelcase updated its Q4 guidance to $0.20-0.24 EPS and its Q4 2025 guidance to 0.200-0.240 EPS.

Steelcase Stock Down 4.5 %

Shares of NYSE:SCS opened at $12.46 on Thursday. The firm has a fifty day moving average price of $13.03 and a two-hundred day moving average price of $13.17. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.29 and a beta of 1.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.62 and a quick ratio of 1.23. Steelcase has a one year low of $11.50 and a one year high of $14.74.

Analysts Set New Price Targets

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

Insider Transactions at Steelcase

In other news, VP Robert G. Krestakos sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $13.11, for a total transaction of $52,440.00. Following the sale, the vice president now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 12.96% of the company’s stock.

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.