Sidoti Csr Comments on Steelcase’s Q1 Earnings (NYSE:SCS)

Steelcase Inc. (NYSE:SCS) – Equities researchers at Sidoti Csr lifted their Q1 2026 EPS estimates for Steelcase in a research report issued on Friday, March 28th. Sidoti Csr analyst G. Burns now forecasts that the business services provider will post earnings of $0.15 per share for the quarter, up from their prior forecast of $0.10. The consensus estimate for Steelcase’s current full-year earnings is $1.00 per share. Sidoti Csr also issued estimates for Steelcase’s Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.30 EPS, Q4 2026 earnings at $0.26 EPS, FY2026 earnings at $1.14 EPS, Q1 2027 earnings at $0.17 EPS, Q2 2027 earnings at $0.53 EPS, Q3 2027 earnings at $0.34 EPS, Q4 2027 earnings at $0.30 EPS and FY2027 earnings at $1.34 EPS.

Steelcase (NYSE:SCS) last posted its earnings results on Wednesday, March 26th. The business services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The business had revenue of $788.00 million during 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 quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 EPS.

Steelcase Price Performance

Shares of NYSE SCS opened at $11.12 on Monday. The stock has a market cap of $1.26 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.25 and a beta of 1.33. Steelcase has a twelve month low of $10.30 and a twelve month high of $14.74. The stock has a 50 day moving average of $11.60 and a two-hundred day moving average of $12.33. The company has a current ratio of 1.57, a quick ratio of 1.21 and a debt-to-equity ratio of 0.48.

Institutional Trading of Steelcase

Several hedge funds have recently made changes to their positions in SCS. R Squared Ltd acquired a new position in shares of Steelcase during the fourth quarter worth about $36,000. Virtus Fund Advisers LLC increased its position in Steelcase by 228.9% during the 4th quarter. Virtus Fund Advisers LLC now owns 7,893 shares of the business services provider’s stock worth $93,000 after purchasing an additional 5,493 shares during the period. Quarry LP raised its stake in shares of Steelcase by 162.6% during the 4th quarter. Quarry LP now owns 8,344 shares of the business services provider’s stock worth $99,000 after buying an additional 5,166 shares in the last quarter. Olympiad Research LP purchased a new position in shares of Steelcase during the 4th quarter worth approximately $134,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Steelcase in the 4th quarter valued at approximately $135,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Insiders Place Their Bets

In other Steelcase news, VP Robert G. Krestakos sold 5,000 shares of Steelcase stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 approximately $1,344,006.94. This trade represents a 4.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.96% of the stock is currently owned by insiders.

Steelcase Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Monday, April 7th. Steelcase’s dividend payout ratio is currently 41.67%.

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.