Noble Financial Estimates Steelcase’s Q3 Earnings (NYSE:SCS)

Steelcase Inc. (NYSE:SCS) – Noble Financial upped their Q3 2026 EPS estimates for Steelcase in a report issued on Friday, March 28th. Noble Financial analyst J. Gomes now expects that the business services provider will post earnings of $0.32 per share for the quarter, up from their previous forecast of $0.29. The consensus estimate for Steelcase’s current full-year earnings is $1.00 per share. Noble Financial also issued estimates for Steelcase’s Q4 2026 earnings at $0.20 EPS and FY2027 earnings at $1.30 EPS.

Steelcase (NYSE:SCS) last released its quarterly earnings data on Wednesday, March 26th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $788.00 million for the quarter, compared to analysts’ expectations of $790.90 million. Steelcase had a net margin of 3.63% and a return on equity of 14.20%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share.

Separately, Sidoti raised shares of Steelcase to a “hold” rating in a research note on Friday, March 28th.

Steelcase Price Performance

SCS opened at $11.33 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.57. The stock has a market capitalization of $1.29 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. The stock’s 50 day moving average price is $11.57 and its 200-day moving average price is $12.30. Steelcase has a 52-week low of $10.30 and a 52-week high of $14.74.

Steelcase Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be issued a $0.10 dividend. The ex-dividend date is Monday, April 7th. This represents a $0.40 dividend on an annualized basis and a yield of 3.53%. Steelcase’s dividend payout ratio (DPR) is 39.60%.

Insider Buying and Selling at Steelcase

In other Steelcase news, VP Robert G. Krestakos sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $11.74, for a total value of $58,700.00. Following the sale, the vice president now owns 114,481 shares in the company, valued at approximately $1,344,006.94. This represents a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.96% of the company’s stock.

Hedge Funds Weigh In On Steelcase

Several large investors have recently made changes to their positions in SCS. R Squared Ltd purchased a new stake in shares of Steelcase in the 4th quarter worth approximately $36,000. Virtus Fund Advisers LLC boosted its holdings in Steelcase by 228.9% in the fourth quarter. Virtus Fund Advisers LLC now owns 7,893 shares of the business services provider’s stock worth $93,000 after acquiring an additional 5,493 shares in the last quarter. Quarry LP grew its stake in shares of Steelcase by 162.6% in the fourth quarter. Quarry LP now owns 8,344 shares of the business services provider’s stock worth $99,000 after acquiring an additional 5,166 shares during the last quarter. Olympiad Research LP purchased a new stake in shares of Steelcase in the fourth quarter worth $134,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Steelcase during the fourth quarter valued at $135,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

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.