Leggett & Platt (LEG) Expected to Announce Quarterly Earnings on Monday

Leggett & Platt (NYSE:LEG) will likely be releasing its Q1 2025 earnings data after the market closes on Monday, April 28th. Analysts expect Leggett & Platt to post earnings of $0.24 per share and revenue of $1.02 billion for the quarter. Leggett & Platt has set its FY 2025 guidance at 1.000-1.200 EPS.

Leggett & Platt (NYSE:LEG) last announced its earnings results on Thursday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, analysts expect Leggett & Platt to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Leggett & Platt Trading Down 1.8 %

Shares of LEG opened at $7.29 on Friday. Leggett & Platt has a one year low of $6.48 and a one year high of $18.39. The stock has a 50-day moving average price of $8.00 and a 200 day moving average price of $10.10. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00. The company has a market capitalization of $982.21 million, a P/E ratio of -1.95 and a beta of 0.98.

Leggett & Platt Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, March 14th. Leggett & Platt’s dividend payout ratio (DPR) is currently -5.36%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $9.00 price target (down from $12.00) on shares of Leggett & Platt in a report on Friday, April 11th. The Goldman Sachs Group cut their target price on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Truist Financial lowered their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, January 29th.

About Leggett & Platt

Leggett & Platt, Inc engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.