Sidoti Csr Has Optimistic Outlook of Steelcase Q1 Earnings

Steelcase Inc. (NYSE:SCS) – Analysts at Sidoti Csr increased their Q1 2026 EPS estimates for Steelcase in a research note issued to investors on Friday, March 28th. Sidoti Csr analyst G. Burns now anticipates that the business services provider will post earnings of $0.15 per share for the quarter, up from their prior forecast 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 raised shares of Steelcase to a “hold” rating in a report on Friday, March 28th.

Steelcase Price Performance

SCS stock opened at $11.33 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.57 and a quick ratio of 1.21. The business has a 50 day simple moving average of $11.57 and a 200-day simple moving average of $12.30. The firm 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. Steelcase has a 1 year low of $10.30 and a 1 year high of $14.74.

Steelcase (NYSE:SCS) last announced its quarterly earnings data on Wednesday, March 26th. The business services provider reported $0.26 earnings per share 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 company had revenue of $788.00 million for the quarter, compared to analyst estimates of $790.90 million. During the same quarter last year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis.

Institutional Inflows and Outflows

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

Insider Activity at Steelcase

In other Steelcase news, VP Robert G. Krestakos sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $11.74, for a total transaction of $58,700.00. Following the sale, the vice president now directly owns 114,481 shares in the company, valued at $1,344,006.94. This represents a 4.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.96% of the company’s stock.

Steelcase Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors 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 annualized dividend and a yield of 3.53%. Steelcase’s dividend payout ratio (DPR) is presently 39.60%.

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.