Steelcase (NYSE:SCS) Issues FY 2025 Earnings Guidance

Steelcase (NYSE:SCS) issued an update on its FY 2025 earnings guidance on Wednesday morning. 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.

Steelcase Price Performance

SCS stock traded up $0.10 during mid-day trading on Wednesday, reaching $14.11. 1,288,899 shares of the company’s stock were exchanged, compared to its average volume of 704,152. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.15. Steelcase has a 12-month low of $8.74 and a 12-month high of $14.74. The stock’s 50 day moving average is $13.51 and its 200 day moving average is $13.03. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.33.

Steelcase (NYSE:SCS) last announced its earnings results on Thursday, June 20th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. The business had revenue of $727.30 million for the quarter, compared to analyst estimates of $729.05 million. Steelcase had a net margin of 2.89% and a return on equity of 13.66%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. On average, research analysts expect that Steelcase will post 1 EPS for the current year.

Steelcase Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Wednesday, July 3rd were issued a $0.10 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.83%. Steelcase’s payout ratio is currently 52.63%.

Wall Street Analysts Forecast Growth

Separately, Benchmark upped their target price on shares of Steelcase from $17.00 to $18.00 and gave the stock a buy rating in a report on Friday, June 21st.

Insider Transactions at Steelcase

In other news, VP Donna K. Flynn sold 13,310 shares of Steelcase stock in a transaction on Monday, June 24th. The stock was sold at an average price of $13.72, for a total transaction of $182,613.20. Following the transaction, the vice president now owns 78,733 shares in the company, valued at approximately $1,080,216.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Steelcase news, VP Donna K. Flynn sold 13,310 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $13.72, for a total value of $182,613.20. Following the sale, the vice president now owns 78,733 shares of the company’s stock, valued at $1,080,216.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Nicole Cherie Mcgrath sold 15,749 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $13.94, for a total transaction of $219,541.06. Following the sale, the chief accounting officer now directly owns 18,453 shares in the company, valued at $257,234.82. The disclosure for this sale can be found here. Insiders have sold a total of 174,187 shares of company stock worth $2,410,861 in the last ninety days. 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.