Q2 EPS Estimates for Leggett & Platt Cut by Zacks Research

Leggett & Platt, Incorporated (NYSE:LEG) – Equities researchers at Zacks Research cut their Q2 2026 earnings per share estimates for shares of Leggett & Platt in a report released on Wednesday, May 20th. Zacks Research analyst Team now forecasts that the company will earn $0.31 per share for the quarter, down from their prior estimate of $0.32. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Leggett & Platt’s current full-year earnings is $0.93 per share. Zacks Research also issued estimates for Leggett & Platt’s Q4 2026 earnings at $0.21 EPS, FY2026 earnings at $0.96 EPS, Q1 2027 earnings at $0.24 EPS, Q2 2027 earnings at $0.29 EPS, Q3 2027 earnings at $0.30 EPS, Q4 2027 earnings at $0.24 EPS, Q1 2028 earnings at $0.27 EPS and FY2028 earnings at $1.19 EPS.

A number of other equities research analysts have also issued reports on LEG. Wall Street Zen lowered Leggett & Platt from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings upgraded Leggett & Platt from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Finally, Truist Financial cut their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $11.33.

Leggett & Platt Trading Up 5.6%

Shares of LEG stock opened at $9.76 on Thursday. Leggett & Platt has a 52-week low of $7.86 and a 52-week high of $13.00. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.45 and a current ratio of 2.33. The firm has a market capitalization of $1.33 billion, a PE ratio of 6.06 and a beta of 0.75. The stock has a fifty day simple moving average of $10.33 and a two-hundred day simple moving average of $10.84.

Leggett & Platt (NYSE:LEG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). Leggett & Platt had a return on equity of 12.62% and a net margin of 5.69%.The business had revenue of $918.20 million during the quarter, compared to analysts’ expectations of $946.79 million. During the same quarter in the previous year, the company posted $0.24 EPS. The company’s quarterly revenue was down 10.2% on a year-over-year basis.

Leggett & Platt Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were given a dividend of $0.05 per share. The ex-dividend date was Friday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. Leggett & Platt’s dividend payout ratio (DPR) is presently 12.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Leggett & Platt by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 18,990,042 shares of the company’s stock valued at $208,890,000 after purchasing an additional 282,940 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Leggett & Platt by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 3,173,733 shares of the company’s stock valued at $34,917,000 after purchasing an additional 183,218 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Leggett & Platt by 22.7% during the first quarter. Quantinno Capital Management LP now owns 3,023,884 shares of the company’s stock valued at $29,876,000 after purchasing an additional 559,868 shares in the last quarter. Invenomic Capital Management LP grew its position in shares of Leggett & Platt by 4.0% during the fourth quarter. Invenomic Capital Management LP now owns 2,437,519 shares of the company’s stock valued at $26,813,000 after purchasing an additional 93,213 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Leggett & Platt by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,123,623 shares of the company’s stock valued at $23,360,000 after purchasing an additional 98,430 shares in the last quarter. Hedge funds and other institutional investors own 64.23% of the company’s stock.

Leggett & Platt Company Profile

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.