Steelcase (NYSE:SCS) Posts Quarterly Earnings Results

Steelcase (NYSE:SCS) posted its quarterly earnings results on Wednesday. The business services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07, Zacks reports. The business had revenue of $794.90 million during the quarter, compared to the consensus estimate of $796.58 million. Steelcase had a net margin of 4.02% and a return on equity of 14.41%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. Steelcase updated its Q4 guidance to $0.20-0.24 EPS and its Q4 2025 guidance to 0.200-0.240 EPS.

Steelcase Stock Down 4.5 %

Shares of SCS stock opened at $12.46 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.62 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.42 billion, a P/E ratio of 11.75, a PEG ratio of 1.29 and a beta of 1.35. Steelcase has a 52 week low of $11.50 and a 52 week high of $14.74. The company’s fifty day simple moving average is $13.03 and its two-hundred day simple moving average is $13.17.

Insiders Place Their Bets

In related news, VP Robert G. Krestakos sold 4,000 shares of Steelcase stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $13.11, for a total value of $52,440.00. Following the completion of the sale, the vice president now directly owns 119,481 shares in the company, valued at $1,566,395.91. The trade was a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 12.96% of the company’s stock.

Analyst Ratings Changes

Separately, Noble Financial assumed coverage on shares of Steelcase in a research note on Wednesday, October 9th. They set an “outperform” rating and a $16.00 target price for the company.

About Steelcase

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.