Steelcase (NYSE:SCS) Issues Q1 2025 Earnings Guidance

Steelcase (NYSE:SCS) issued an update on its first quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.080-0.120 for the period, compared to the consensus estimate of 0.100. The company issued revenue guidance of $715.0 million-$740.0 million, compared to the consensus revenue estimate of $741.2 million. Steelcase also updated its FY 2025 guidance to 0.850-1.000 EPS.

Steelcase Stock Performance

NYSE SCS traded up $0.19 on Wednesday, reaching $13.06. The stock had a trading volume of 1,066,607 shares, compared to its average volume of 727,209. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 1.12. The firm has a fifty day moving average of $12.86 and a two-hundred day moving average of $11.98. Steelcase has a 1-year low of $6.39 and a 1-year high of $14.54. The company has a market cap of $1.49 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 1.40 and a beta of 1.35.

Steelcase (NYSE:SCS) last released its earnings results on Wednesday, December 20th. The business services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The firm had revenue of $777.90 million during the quarter, compared to the consensus estimate of $796.35 million. Steelcase had a return on equity of 12.57% and a net margin of 2.37%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. On average, equities research analysts anticipate that Steelcase will post 0.78 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Steelcase from a buy rating to a strong-buy rating in a report on Tuesday, December 26th.

Insider Activity at Steelcase

In other Steelcase news, CFO David C. Sylvester sold 85,000 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $13.87, for a total transaction of $1,178,950.00. Following the transaction, the chief financial officer now owns 570,809 shares in the company, valued at $7,917,120.83. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO David C. Sylvester sold 85,000 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $13.87, for a total value of $1,178,950.00. Following the completion of the sale, the chief financial officer now owns 570,809 shares in the company, valued at $7,917,120.83. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert G. Krestakos sold 3,800 shares of the stock in a transaction dated Tuesday, December 26th. The shares were 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 owns 110,489 shares of the company’s stock, valued at approximately $1,528,062.87. The disclosure for this sale can be found here. Insiders have sold 90,592 shares of company stock worth $1,256,502 in the last quarter. Company insiders own 12.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new stake in shares of Steelcase in the 1st quarter worth approximately $33,000. Captrust Financial Advisors raised its holdings in Steelcase by 179.6% during the 1st quarter. Captrust Financial Advisors now owns 4,141 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 2,660 shares during the period. Tower Research Capital LLC TRC raised its holdings in Steelcase by 67.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,730 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 2,300 shares during the period. Point72 Middle East FZE bought a new stake in Steelcase during the 4th quarter valued at $65,000. Finally, State of Tennessee Treasury Department bought a new stake in Steelcase during the 4th quarter valued at $128,000. 69.51% of the stock is owned by institutional investors.

Steelcase Company Profile

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.