Steelcase (NYSE:SCS) Releases Q2 2026 Earnings Guidance

Steelcase (NYSE:SCS - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.360-0.400 for the period, compared to the consensus estimate of 0.410. The company issued revenue guidance of $860.0 million-$890.0 million, compared to the consensus revenue estimate of $878.7 million.

Wall Street Analysts Forecast Growth

Separately, Sidoti raised Steelcase to a "hold" rating in a report on Friday, March 28th.

Steelcase Price Performance

Shares of Steelcase stock traded down $0.21 during trading on Wednesday, reaching $10.62. The company's stock had a trading volume of 1,161,558 shares, compared to its average volume of 650,887. The stock has a 50-day moving average price of $10.22 and a two-hundred day moving average price of $11.09. The stock has a market capitalization of $1.22 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.47. Steelcase has a one year low of $9.32 and a one year high of $14.74.

Steelcase (NYSE:SCS - Get Free Report) last announced its earnings results on Wednesday, June 25th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.08. Steelcase had a net margin of 3.81% and a return on equity of 14.37%. As a group, sell-side analysts anticipate that Steelcase will post 1 EPS for the current fiscal year.

Insider Buying and Selling at Steelcase

In other news, VP Robert G. Krestakos sold 6,000 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $10.13, for a total value of $60,780.00. Following the transaction, the vice president now owns 139,912 shares of the company's stock, valued at approximately $1,417,308.56. This trade represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.75% of the company's stock.

Institutional Investors Weigh In On Steelcase

A number of institutional investors and hedge funds have recently modified their holdings of SCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Steelcase by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,999 shares of the business services provider's stock worth $603,000 after purchasing an additional 2,403 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Steelcase during the first quarter worth about $259,000. Jones Financial Companies Lllp grew its position in shares of Steelcase by 3,634.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,950 shares of the business services provider's stock worth $32,000 after buying an additional 2,871 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Steelcase by 10.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,770 shares of the business services provider's stock valued at $2,069,000 after acquiring an additional 17,940 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Steelcase Company Profile

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.

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