Steelcase (SCS) Updates Q4 Earnings Guidance
Steelcase (NYSE:SCS) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.14-0.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.23. The company issued revenue guidance of $740-765 million, compared to the consensus revenue estimate of $762.37 million.
Steelcase (NYSE SCS) opened at $14.35 on Wednesday. The firm has a market cap of $1,676.69, a PE ratio of 14.17 and a beta of 1.25. Steelcase has a 52-week low of $12.50 and a 52-week high of $18.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.63.
Steelcase (NYSE:SCS) last posted its quarterly earnings results on Tuesday, December 19th. The business services provider reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $772.10 million for the quarter, compared to analyst estimates of $762.37 million. Steelcase had a net margin of 3.98% and a return on equity of 15.72%. Steelcase’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. analysts anticipate that Steelcase will post 0.89 EPS for the current fiscal year.
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Steelcase Inc provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Company’s segments include Americas, EMEA and Other Category. The Company’s furniture portfolio includes panel-based and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools.
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