Steelcase (NYSE:SCS) Issues FY 2025 Earnings Guidance

by · The Cerbat Gem

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

Steelcase Stock Performance

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

Steelcase (NYSE:SCS – Get Free Report) last issued its quarterly earnings data 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. Steelcase had a return on equity of 13.66% and a net margin of 2.89%. The firm had revenue of $855.80 million during the quarter, compared to analysts’ expectations of $864.17 million. During the same period in the prior year, the business posted $0.31 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. As a group, equities analysts predict that Steelcase will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on SCS

Insider Transactions at Steelcase

In other Steelcase news, CFO David C. Sylvester sold 73,184 shares of Steelcase stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $13.84, for a total transaction of $1,012,866.56. Following the transaction, the chief financial officer now directly owns 551,592 shares of the company’s stock, valued at $7,634,033.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO David C. Sylvester sold 73,184 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $13.84, for a total transaction of $1,012,866.56. Following the sale, the chief financial officer now owns 551,592 shares of the company’s stock, valued at $7,634,033.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donna K. Flynn sold 13,310 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $13.72, for a total value of $182,613.20. Following the transaction, the vice president now directly owns 78,733 shares of the company’s stock, valued at $1,080,216.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 174,187 shares of company stock valued at $2,410,861. Corporate insiders own 12.96% of the company’s stock.

About Steelcase

(Get Free Report)

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.

See Also