Steelcase (NYSE:SCS) Releases Q1 Earnings Guidance

Steelcase (NYSE:SCS) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.13-0.17 for the period, compared to the consensus 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 %

Shares of SCS stock opened at $11.30 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.57 and a quick ratio of 1.21. Steelcase has a one year low of $10.30 and a one year high of $14.74. The company’s fifty day moving average price is $11.61 and its 200-day moving average price is $12.36. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.25 and a beta of 1.33.

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

Steelcase Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $0.40 dividend on an annualized basis and a yield of 3.54%. Steelcase’s dividend payout ratio (DPR) is presently 41.67%.

Insider Activity at Steelcase

In other Steelcase news, VP Robert G. Krestakos sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $11.74, for a total value of $58,700.00. Following the transaction, the vice president now directly owns 114,481 shares in the company, valued at $1,344,006.94. This represents a 4.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.96% of the stock is currently owned by insiders.

About Steelcase

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.