Leggett & Platt (NYSE:LEG) Issues FY 2025 Earnings Guidance

Leggett & Platt (NYSE:LEG) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 1.000-1.200 for the period, compared to the consensus EPS estimate of 1.190. The company issued revenue guidance of $4.0 billion-$4.3 billion, compared to the consensus revenue estimate of $4.3 billion.

Leggett & Platt Stock Up 2.7 %

Shares of LEG traded up $0.26 on Thursday, reaching $9.99. The company’s stock had a trading volume of 1,983,415 shares, compared to its average volume of 1,651,493. The company has a current ratio of 1.48, a quick ratio of 0.84 and a debt-to-equity ratio of 2.13. Leggett & Platt has a twelve month low of $9.18 and a twelve month high of $21.03. The stock has a market capitalization of $1.34 billion, a PE ratio of -1.66 and a beta of 1.12. The firm has a fifty day moving average of $10.38 and a 200-day moving average of $11.81.

Leggett & Platt (NYSE:LEG) last posted its earnings results on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Leggett & Platt had a negative net margin of 18.53% and a positive return on equity of 14.99%. Equities analysts predict that Leggett & Platt will post 1.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LEG shares. Truist Financial lowered their target price on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group reduced their price objective on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, Piper Sandler raised shares of Leggett & Platt from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $11.00 to $13.00 in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Leggett & Platt currently has a consensus rating of “Hold” and an average price target of $12.00.

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.