Q2 2025 EPS Estimates for Steelcase Inc. (NYSE:SCS) Boosted by Sidoti Csr

Steelcase Inc. (NYSE:SCSFree Report) – Analysts at Sidoti Csr upped their Q2 2025 earnings estimates for shares of Steelcase in a research report issued to clients and investors on Thursday, March 21st. Sidoti Csr analyst G. Burns now expects that the business services provider will post earnings per share of $0.32 for the quarter, up from their prior estimate of $0.29. The consensus estimate for Steelcase’s current full-year earnings is $0.92 per share. Sidoti Csr also issued estimates for Steelcase’s FY2025 earnings at $0.92 EPS and FY2026 earnings at $1.12 EPS.

Separately, StockNews.com lowered shares of Steelcase from a “strong-buy” rating to a “buy” rating in a report on Thursday.

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Steelcase Trading Down 1.2 %

SCS stock opened at $12.15 on Monday. The firm has a fifty day moving average price of $12.84 and a 200 day moving average price of $12.05. Steelcase has a fifty-two week low of $6.39 and a fifty-two week high of $14.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.12 and a current ratio of 1.54. The firm has a market cap of $1.39 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.34 and a beta of 1.35.

Steelcase (NYSE:SCSGet Free Report) last announced its quarterly earnings data on Wednesday, March 20th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Steelcase had a net margin of 2.57% and a return on equity of 13.00%. The business had revenue of $775.20 million during the quarter, compared to analyst estimates of $780.25 million. During the same period last year, the firm posted $0.19 EPS. The company’s revenue was down 3.3% on a year-over-year basis.

Institutional Trading of Steelcase

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. raised its holdings in Steelcase by 12.5% in the first quarter. Advisor Group Holdings Inc. now owns 36,070 shares of the business services provider’s stock worth $431,000 after purchasing an additional 3,999 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Steelcase by 32.8% in the first quarter. HighTower Advisors LLC now owns 14,724 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 3,635 shares during the period. Natixis Advisors L.P. raised its stake in shares of Steelcase by 47.3% during the 1st quarter. Natixis Advisors L.P. now owns 29,323 shares of the business services provider’s stock worth $350,000 after buying an additional 9,422 shares during the period. MetLife Investment Management LLC raised its stake in shares of Steelcase by 51.8% during the 1st quarter. MetLife Investment Management LLC now owns 45,862 shares of the business services provider’s stock worth $548,000 after buying an additional 15,650 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Steelcase by 3.6% during the 1st quarter. BlackRock Inc. now owns 7,932,474 shares of the business services provider’s stock worth $94,794,000 after buying an additional 277,505 shares during the period. 69.51% of the stock is currently owned by institutional investors.

Insider Transactions at Steelcase

In other news, VP Robert G. Krestakos sold 3,800 shares of Steelcase stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $13.83, for a total transaction of $52,554.00. Following the completion of the sale, the vice president now directly owns 110,489 shares in the company, valued at $1,528,062.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.72% of the company’s stock.

Steelcase Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 2nd. This represents a $0.40 annualized dividend and a dividend yield of 3.29%. Steelcase’s dividend payout ratio (DPR) is 58.82%.

About Steelcase

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Steelcase Inc provides a portfolio of furniture and architectural products in the United States and internationally. It operates through Americas, EMEA, and Other 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, and mobile power and screens.

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Earnings History and Estimates for Steelcase (NYSE:SCS)

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