Steelcase (NYSE:SCS) Releases FY 2025 Earnings Guidance

Steelcase (NYSE:SCS) updated its FY 2025 earnings guidance on Wednesday. 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

Shares of NYSE SCS opened at $13.31 on Friday. The company has a market capitalization of $1.52 billion, a PE ratio of 17.51, a PEG ratio of 1.39 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. Steelcase has a twelve month low of $9.63 and a twelve month high of $14.74. The stock’s 50 day moving average price is $13.53 and its 200-day moving average price is $13.03.

Steelcase (NYSE:SCS) last announced its quarterly earnings results on Wednesday, September 18th. The business services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Steelcase had a return on equity of 13.66% and a net margin of 2.89%. The company had revenue of $855.80 million during the quarter, compared to analysts’ expectations of $864.17 million. During the same period in the previous year, the business earned $0.31 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Steelcase will post 1 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity

In related news, CAO Nicole Cherie Mcgrath sold 15,749 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $13.94, for a total value of $219,541.06. Following the transaction, the chief accounting officer now owns 18,453 shares in the company, valued at approximately $257,234.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO David C. Sylvester sold 73,184 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $13.84, for a total transaction of $1,012,866.56. Following the completion of the sale, the chief financial officer now owns 551,592 shares in the company, valued at $7,634,033.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Nicole Cherie Mcgrath sold 15,749 shares of Steelcase stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $13.94, for a total transaction of $219,541.06. Following the sale, the chief accounting officer now owns 18,453 shares in the company, valued at approximately $257,234.82. The disclosure for this sale can be found here. Insiders sold a total of 174,187 shares of company stock worth $2,410,861 in the last quarter. 12.96% of the stock is owned by company 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.