Sidoti Csr Issues Positive Forecast for Steelcase Earnings

Steelcase Inc. (NYSE:SCS) – Investment analysts at Sidoti Csr boosted their Q1 2026 EPS estimates for shares of Steelcase in a research note issued to investors on Friday, March 28th. Sidoti Csr analyst G. Burns now expects that the business services provider will earn $0.15 per share for the quarter, up from their previous estimate of $0.10. The consensus estimate for Steelcase’s current full-year earnings is $1.00 per share. Sidoti Csr also issued estimates for Steelcase’s Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.30 EPS, Q4 2026 earnings at $0.26 EPS, FY2026 earnings at $1.14 EPS, Q1 2027 earnings at $0.17 EPS, Q2 2027 earnings at $0.53 EPS, Q3 2027 earnings at $0.34 EPS, Q4 2027 earnings at $0.30 EPS and FY2027 earnings at $1.34 EPS.

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

Steelcase Stock Performance

Shares of NYSE SCS opened at $11.33 on Monday. The company has a market cap of $1.29 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.25 and a beta of 1.33. The firm’s fifty day moving average is $11.57 and its two-hundred day moving average is $12.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.57. Steelcase has a 52-week low of $10.30 and a 52-week high of $14.74.

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

Steelcase Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, April 7th. Steelcase’s dividend payout ratio is currently 39.60%.

Insider Activity

In other news, VP Robert G. Krestakos sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total transaction of $58,700.00. Following the transaction, the vice president now owns 114,481 shares in the company, valued at approximately $1,344,006.94. This trade represents a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 12.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC bought a new stake in Steelcase during the 3rd quarter valued at $347,000. FMR LLC lifted its stake in shares of Steelcase by 3,862.6% during the third quarter. FMR LLC now owns 101,523 shares of the business services provider’s stock worth $1,370,000 after buying an additional 98,961 shares during the period. BNP Paribas Financial Markets lifted its position in Steelcase by 322.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 572,269 shares of the business services provider’s stock worth $7,720,000 after acquiring an additional 436,754 shares during the period. Centiva Capital LP acquired a new stake in shares of Steelcase during the third quarter worth about $181,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Steelcase in the 3rd quarter valued at $6,167,000. Hedge funds and other institutional investors own 92.42% 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.