Steelcase (NYSE:SCS) Issues Q1 Earnings Guidance

Steelcase (NYSE:SCS) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.13-0.17 for the period, compared to the consensus estimate of $0.11. The company issued revenue guidance of $760-785 million, compared to the consensus revenue estimate of $738.48 million. Steelcase also updated its Q1 2026 guidance to 0.130-0.170 EPS.

Steelcase Stock Up 0.3 %

SCS opened at $10.62 on Thursday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. 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 firm’s fifty day moving average is $11.61 and its 200 day moving average is $12.37. Steelcase has a fifty-two week low of $10.30 and a fifty-two week high of $14.74.

Steelcase (NYSE:SCS) last released its quarterly earnings data on Wednesday, March 26th. The business services provider reported $0.26 earnings per share for the quarter, topping 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 firm had revenue of $788.00 million during the quarter, compared to analyst estimates of $790.90 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts forecast that Steelcase will post 1 earnings per share for the current fiscal year.

Insider Activity at Steelcase

In other news, VP Robert G. Krestakos sold 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 114,481 shares in the company, valued at approximately $1,344,006.94. This represents a 4.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.96% of the stock is currently owned by corporate insiders.

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.