Sidoti Csr Analysts Boost Earnings Estimates for Steelcase Inc. (NYSE:SCS)

Steelcase Inc. (NYSE:SCSFree Report) – Research analysts at Sidoti Csr increased their Q2 2025 earnings estimates for shares of Steelcase in a report released on Friday, June 21st. Sidoti Csr analyst G. Burns now anticipates that the business services provider will post earnings per share of $0.37 for the quarter, up from their previous forecast of $0.32. The consensus estimate for Steelcase’s current full-year earnings is $0.92 per share. Sidoti Csr also issued estimates for Steelcase’s Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $1.00 EPS, Q1 2026 earnings at $0.14 EPS, Q2 2026 earnings at $0.46 EPS, Q3 2026 earnings at $0.31 EPS, Q4 2026 earnings at $0.27 EPS and FY2026 earnings at $1.19 EPS.

A number of other analysts have also weighed in on SCS. Benchmark raised their target price on shares of Steelcase from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com upgraded Steelcase from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 29th.

Get Our Latest Report on SCS

Steelcase Price Performance

Steelcase stock opened at $13.70 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 1.58. Steelcase has a 52 week low of $7.10 and a 52 week high of $14.54. The stock has a market capitalization of $1.57 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.32 and a beta of 1.35. The stock has a fifty day moving average of $12.74 and a 200-day moving average of $12.84.

Steelcase (NYSE:SCSGet Free Report) last announced its quarterly earnings data on Thursday, June 20th. The business services provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. Steelcase had a net margin of 2.89% and a return on equity of 13.66%. The business had revenue of $727.30 million during the quarter, compared to the consensus estimate of $729.05 million. During the same period in the previous year, the business earned $0.09 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis.

Steelcase Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.40 annualized dividend and a yield of 2.92%. Steelcase’s dividend payout ratio is presently 52.63%.

Hedge Funds Weigh In On Steelcase

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCS. DekaBank Deutsche Girozentrale acquired a new stake in Steelcase in the first quarter valued at $141,000. Caxton Associates LP grew its position in shares of Steelcase by 273.3% in the 1st quarter. Caxton Associates LP now owns 74,266 shares of the business services provider’s stock valued at $971,000 after buying an additional 54,369 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Steelcase by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 81,024 shares of the business services provider’s stock valued at $1,060,000 after buying an additional 3,293 shares during the period. Lazard Asset Management LLC raised its position in shares of Steelcase by 28.4% during the first quarter. Lazard Asset Management LLC now owns 34,135 shares of the business services provider’s stock worth $445,000 after acquiring an additional 7,557 shares during the last quarter. Finally, Arjuna Capital lifted its stake in shares of Steelcase by 5.8% in the first quarter. Arjuna Capital now owns 148,437 shares of the business services provider’s stock worth $1,942,000 after acquiring an additional 8,147 shares during the period. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Steelcase Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Steelcase (NYSE:SCS)

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