Leggett & Platt (NYSE:LEG) announced its earnings results on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.01, StockRatingsNetwork reports. The company had revenue of $958.80 million for the quarter, compared to the consensus estimate of $987.82 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Leggett & Platt updated its FY13 guidance to $1.55-1.65 EPS.
A number of research firms have recently commented on LEG. Analysts at Zacks reiterated a “neutral” rating on shares of Leggett & Platt in a research note to investors on Thursday, May 9th. They now have a $35.00 price target on the stock. Analysts at Hilliard Lyons downgraded shares of Leggett & Platt from a “buy” rating to a “neutral” rating in a research note to investors on Monday, April 29th.
Five analysts have rated the stock with a hold rating, Leggett & Platt has an average rating of “Hold” and an average price target of $33.50.
Shares of Leggett & Platt (NYSE: LEG) traded up 0.57% during mid-day trading on Thursday, hitting $31.71. Leggett & Platt has a one year low of $21.90 and a one year high of $34.28. The stock’s 50-day moving average is currently $31.57. The company has a market cap of $4.531 billion and a P/E ratio of 18.29.
Leggett & Platt, Incorporated is an international manufacturer that conceives, designs and produces a range of engineered components and products found in many homes, offices, retail stores, automobiles and commercial aircraft.
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