Steelcase (NYSE:SCS) Updates FY 2025 Earnings Guidance

Steelcase (NYSE:SCS) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.000-1.000 for the period, compared to the consensus estimate of 0.980. The company issued revenue guidance of -. Steelcase also updated its FY25 guidance to $0.85-1.00 EPS.

Wall Street Analysts Forecast Growth

Separately, Benchmark lifted their price objective on Steelcase from $17.00 to $18.00 and gave the stock a buy rating in a research note on Friday, June 21st.

Steelcase Trading Up 0.8 %

SCS opened at $14.12 on Thursday. Steelcase has a twelve month low of $8.74 and a twelve month high of $14.74. The company has a fifty day moving average of $13.51 and a 200-day moving average of $13.03. The stock has a market cap of $1.61 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.34 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 (NYSE:SCS) last issued its quarterly earnings results on Wednesday, September 18th. The business services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $855.80 million during the quarter, compared to the consensus estimate of $864.17 million. Steelcase had a return on equity of 13.66% and a net margin of 2.89%. The business’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS. On average, sell-side analysts predict that Steelcase will post 1 EPS for the current year.

Insiders Place Their Bets

In other Steelcase news, VP Donna K. Flynn sold 13,310 shares of the stock in a transaction that occurred 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 directly owns 78,733 shares in the company, valued at approximately $1,080,216.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Donna K. Flynn sold 13,310 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $13.72, for a total value of $182,613.20. Following the completion of the sale, the vice president now directly owns 78,733 shares of the company’s stock, valued at approximately $1,080,216.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Allan W. Smith, Jr. sold 70,444 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $13.84, for a total value of $974,944.96. Following the transaction, the senior vice president now directly owns 184,743 shares in the company, valued at $2,556,843.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 174,187 shares of company stock worth $2,410,861. 12.96% of the stock is 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.