Leggett & Platt (NYSE:LEG) Releases Earnings Results, Hits Estimates

Leggett & Platt (NYSE:LEG) posted its quarterly earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21, Zacks reports. Leggett & Platt had a positive return on equity of 14.99% and a negative net margin of 18.53%. Leggett & Platt updated its FY 2025 guidance to 1.000-1.200 EPS.

Leggett & Platt Stock Performance

NYSE:LEG traded up $0.26 during trading hours on Thursday, hitting $9.99. 1,983,256 shares of the company traded hands, compared to its average volume of 1,651,417. 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 firm has a 50-day moving average of $10.38 and a 200 day moving average of $11.81. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -1.66 and a beta of 1.12.

Analyst Ratings Changes

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

Leggett & Platt Company Profile

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.