Steelcase (SCS) Expected to Announce Quarterly Earnings on Wednesday

Steelcase (NYSE:SCS - Get Free Report) is projected to issue its Q1 2026 quarterly earnings data after the market closes on Wednesday, June 25th. Analysts expect Steelcase to post earnings of $0.12 per share and revenue of $759.90 million for the quarter. Steelcase has set its Q1 guidance at $0.13-0.17 EPS and its Q1 2026 guidance at 0.130-0.170 EPS.

Steelcase (NYSE:SCS - Get Free Report) last released its earnings results 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 firm had revenue of $788.00 million during the quarter, compared to analyst estimates of $790.90 million. Steelcase had a return on equity of 14.37% and a net margin of 3.81%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. On average, analysts expect Steelcase to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Steelcase Stock Performance

Shares of NYSE:SCS opened at $10.18 on Wednesday. Steelcase has a 12 month low of $9.32 and a 12 month high of $14.74. The business has a 50-day moving average of $10.20 and a two-hundred day moving average of $11.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market capitalization of $1.17 billion, a PE ratio of 10.08, a P/E/G ratio of 1.00 and a beta of 1.14.

Steelcase Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Monday, April 7th. Steelcase's dividend payout ratio is currently 39.60%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Steelcase news, VP Robert G. Krestakos sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $10.13, for a total value of $60,780.00. Following the completion of the sale, the vice president now owns 139,912 shares in the company, valued at approximately $1,417,308.56. This trade represents a 4.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Steelcase

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 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. Jones Financial Companies Lllp lifted its holdings in shares of Steelcase by 3,634.2% in the first quarter. Jones Financial Companies Lllp now owns 2,950 shares of the business services provider's stock valued at $32,000 after purchasing an additional 2,871 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Steelcase by 10.5% in the first 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. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Steelcase in the first quarter valued at about $259,000. 92.42% of the stock is owned by institutional investors and hedge funds.

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.

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