Leggett & Platt (NYSE:LEG – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect Leggett & Platt to post earnings of $0.33 per share for the quarter. Leggett & Platt has set its FY24 guidance at $1.10-1.25 EPS and its FY 2024 guidance at 1.100-1.250 EPS.Parties interested in listening to the company’s conference call can do so using this link.
Leggett & Platt (NYSE:LEG – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Leggett & Platt had a negative net margin of 18.05% and a positive return on equity of 12.65%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 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 Stock Performance
NYSE LEG opened at $12.17 on Friday. The company has a fifty day moving average of $12.79 and a two-hundred day moving average of $12.98. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.53 and a quick ratio of 0.88. Leggett & Platt has a 1 year low of $10.11 and a 1 year high of $27.58. The company has a market capitalization of $1.63 billion, a PE ratio of -2.04 and a beta of 1.07.
Leggett & Platt Announces Dividend
Analyst Upgrades and Downgrades
LEG has been the subject of a number of recent research reports. StockNews.com upgraded shares of Leggett & Platt from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Truist Financial raised their price target on Leggett & Platt from $11.00 to $13.00 and gave the stock a “hold” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group reduced their price objective on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.67.
View Our Latest Stock Report on Leggett & Platt
About Leggett & Platt
Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers.
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