Steelcase (NYSE:SCS) Updates Q1 Earnings Guidance

Steelcase (NYSE:SCS) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.13-0.17 for the period, compared to the consensus EPS estimate of $0.11. The company issued revenue guidance of $760-785 million, compared to the consensus revenue estimate of $738.48 million. Steelcase also updated its Q1 2026 guidance to 0.130-0.170 EPS.

Steelcase Stock Up 6.6 %

Steelcase stock opened at $11.30 on Friday. The business’s 50-day simple moving average is $11.61 and its two-hundred day simple moving average is $12.36. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.57. The company has a market cap of $1.28 billion, a PE ratio of 11.77, a PEG ratio of 1.25 and a beta of 1.33. Steelcase has a fifty-two week low of $10.30 and a fifty-two week high of $14.74.

Steelcase (NYSE:SCS) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. Steelcase had a net margin of 3.63% and a return on equity of 14.20%. The company had revenue of $788.00 million for the quarter, compared to the consensus estimate of $790.90 million. During the same quarter in the prior year, the company earned $0.23 EPS. Steelcase’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts anticipate that Steelcase will post 1 EPS for the current year.

Steelcase Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.54%. The ex-dividend date is Monday, April 7th. Steelcase’s payout ratio is 41.67%.

Insider Buying and Selling at Steelcase

In related news, VP Robert G. Krestakos sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $11.74, for a total transaction of $58,700.00. Following the sale, the vice president now owns 114,481 shares in the company, valued at approximately $1,344,006.94. This trade represents a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.96% of the company’s stock.

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.