Steelcase (SCS) to Release Earnings on Wednesday

Key Points

• Steelcase (NYSE:SCS) is set to announce its Q2 2026 earnings on Wednesday, September 17th, with expectations for earnings of $0.37 per share and revenue of $878.73 million.
• In its previous quarter, Steelcase reported $0.20 earnings per share, exceeding analysts' estimates, and its revenue increased by 7.1% year-over-year.
• The company's stock is currently down 1.9%, opening at $16.89, with analysts rating it as a "Hold" and setting an average target price of $16.00.

Steelcase (NYSE:SCS - Get Free Report) is expected to be issuing its Q2 2026 results before the market opens on Wednesday, September 17th. Analysts expect the company to announce earnings of $0.37 per share and revenue of $878.7330 million for the quarter. Steelcase has set its Q2 2026 guidance at 0.360-0.400 EPS.Investors may visit the the company's upcoming Q2 2026 earningresults page for the latest details on the call scheduled for Thursday, September 25, 2025 at 8:30 AM ET.

Steelcase (NYSE:SCS - Get Free Report) last issued its earnings results on Wednesday, June 25th. The business services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.12 by $0.08. The company had revenue of $779.00 million during the quarter, compared to analyst estimates of $759.90 million. Steelcase had a return on equity of 14.49% and a net margin of 3.84%.The business's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. 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 SCS traded down $0.20 during mid-day trading on Friday, hitting $16.81. The stock had a trading volume of 1,778,014 shares, compared to its average volume of 1,642,653. The company has a market cap of $1.93 billion, a PE ratio of 16.32, a PEG ratio of 1.60 and a beta of 1.26. The company's fifty day simple moving average is $14.09 and its two-hundred day simple moving average is $11.79. The company has a quick ratio of 1.15, a current ratio of 1.65 and a debt-to-equity ratio of 0.46. Steelcase has a fifty-two week low of $9.31 and a fifty-two week high of $17.25.

Steelcase Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were given a $0.10 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.4%. Steelcase's dividend payout ratio (DPR) is presently 38.83%.

Insider Transactions at Steelcase

In other Steelcase news, VP Robert G. Krestakos sold 12,000 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $10.63, for a total transaction of $127,560.00. Following the completion of the transaction, the vice president owned 127,912 shares in the company, valued at approximately $1,359,704.56. The trade was a 8.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.75% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its position in Steelcase by 1.7% during the 2nd quarter. Legal & General Group Plc now owns 96,212 shares of the business services provider's stock worth $1,003,000 after acquiring an additional 1,581 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Steelcase by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,999 shares of the business services provider's stock worth $603,000 after buying an additional 2,403 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Steelcase by 3,634.2% in 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 in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Steelcase by 1,279.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,546 shares of the business services provider's stock worth $37,000 after buying an additional 3,289 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Steelcase in the 2nd quarter worth $89,000. Institutional investors and hedge funds own 92.42% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SCS shares. Wall Street Zen lowered Steelcase from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Noble Financial lowered Steelcase from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Steelcase has an average rating of "Hold" and a consensus price target of $16.00.

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.