Steelcase (NYSE:SCS) Releases 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 Trading Up 1.5 %

Shares of Steelcase stock traded up $0.19 during midday trading on Wednesday, reaching $13.06. The company had a trading volume of 1,066,607 shares, compared to its average volume of 727,209. The stock has a fifty day moving average price of $12.86 and a 200 day moving average price of $11.98. 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 market cap of $1.49 billion, a PE ratio of 20.73, a P/E/G ratio of 1.40 and a beta of 1.35. Steelcase has a fifty-two week low of $6.39 and a fifty-two week high of $14.54.

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, topping analysts’ consensus estimates of $0.23 by $0.07. The business 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 firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. On average, equities analysts anticipate that Steelcase will post 0.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, CFO David C. Sylvester sold 85,000 shares of the business’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 in the company, valued at $7,917,120.83. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO David C. Sylvester sold 85,000 shares of the business’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 in the company, valued at $7,917,120.83. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert G. Krestakos sold 3,800 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $13.83, for a total value of $52,554.00. Following 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. Over the last three months, insiders sold 90,592 shares of company stock worth $1,256,502. 12.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Steelcase

Several institutional investors have recently bought and sold shares of SCS. Point72 Hong Kong Ltd bought a new stake in Steelcase during the first quarter worth $33,000. Captrust Financial Advisors grew its holdings in Steelcase by 179.6% during the first quarter. Captrust Financial Advisors now owns 4,141 shares of the business services provider’s stock worth $49,000 after buying an additional 2,660 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Steelcase by 208.9% during the first quarter. Tower Research Capital LLC TRC now owns 6,091 shares of the business services provider’s stock worth $51,000 after buying an additional 4,119 shares in the last quarter. Point72 Middle East FZE bought a new stake in Steelcase during the fourth quarter worth $65,000. Finally, Two Sigma Investments LP bought a new stake in Steelcase during the fourth quarter worth $72,000. Institutional investors own 69.51% of the company’s stock.

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.