Steelcase (NYSE:SCS) Releases FY 2025 Earnings Guidance

Steelcase (NYSE:SCS) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.850-1.000 for the period, compared to the consensus estimate of 0.920. The company issued revenue guidance of -. Steelcase also updated its FY25 guidance to $0.85-1.00 EPS.

Steelcase Stock Up 1.5 %

Shares of Steelcase stock traded up $0.19 during midday trading on Wednesday, hitting $13.06. The company’s stock had a trading volume of 1,066,607 shares, compared to its average volume of 727,209. The firm has a market capitalization of $1.49 billion, a P/E ratio of 20.73, a PEG ratio of 1.40 and a beta of 1.35. Steelcase has a 1-year low of $6.39 and a 1-year high of $14.54. The company has a quick ratio of 1.12, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The stock has a 50-day simple moving average of $12.86 and a 200-day simple moving average of $11.98.

Steelcase (NYSE:SCS) last issued 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 company had revenue of $777.90 million for 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 firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. As a group, sell-side analysts expect that Steelcase will post 0.78 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Steelcase

In other Steelcase news, CFO David C. Sylvester sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $13.87, for a total transaction of $1,178,950.00. Following the completion of the sale, the chief financial officer now owns 570,809 shares of the company’s stock, valued at $7,917,120.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Robert G. Krestakos sold 3,800 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 110,489 shares of the company’s stock, valued at approximately $1,528,062.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David C. Sylvester sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $13.87, for a total value of $1,178,950.00. Following the transaction, the chief financial officer now owns 570,809 shares of the company’s stock, valued at $7,917,120.83. The disclosure for this sale can be found here. Insiders have sold a total of 90,592 shares of company stock worth $1,256,502 over the last three months. Corporate insiders own 12.72% of the company’s stock.

Institutional Trading of Steelcase

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new stake in Steelcase during the first quarter worth about $33,000. Captrust Financial Advisors raised its stake in shares of Steelcase by 179.6% in the 1st quarter. Captrust Financial Advisors now owns 4,141 shares of the business services provider’s stock valued at $49,000 after buying an additional 2,660 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Steelcase by 208.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 6,091 shares of the business services provider’s stock worth $51,000 after acquiring an additional 4,119 shares during the period. Point72 Middle East FZE acquired a new stake in shares of Steelcase during the 4th quarter valued at about $65,000. Finally, Two Sigma Investments LP bought a new stake in Steelcase in the fourth quarter valued at about $72,000. 69.51% of the stock is currently owned by institutional investors and hedge funds.

About Steelcase

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.