Steelcase (NYSE:SCS) Announces Earnings Results, Beats Estimates By $0.07 EPS

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

Steelcase Stock Performance

Shares of SCS opened at $12.32 on Friday. Steelcase has a 12 month low of $11.50 and a 12 month high of $14.74. The stock has a fifty day moving average price of $13.03 and a 200-day moving average price of $13.16. The company has a current ratio of 1.62, a quick ratio of 1.23 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.40 billion, a PE ratio of 11.62, a P/E/G ratio of 1.29 and a beta of 1.35.

Steelcase Announces Dividend

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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Monday, December 30th. Steelcase’s dividend payout ratio (DPR) is 37.74%.

Analysts Set New Price Targets

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

Insider Activity at Steelcase

In other news, VP Robert G. Krestakos sold 4,000 shares of Steelcase stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $13.11, for a total value of $52,440.00. Following the sale, the vice president now directly owns 119,481 shares of the company’s stock, valued at $1,566,395.91. The trade was a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.96% of the stock is owned by insiders.

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.