Shares of Leggett & Platt, Incorporated (NYSE:LEG – Get Free Report) have been assigned an average rating of “Reduce” from the five analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $11.3333.
LEG has been the topic of a number of recent research reports. Weiss Ratings raised Leggett & Platt from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Truist Financial lowered their price objective on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Wall Street Zen lowered Leggett & Platt from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Zacks Research lowered Leggett & Platt from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th.
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Leggett & Platt Stock Performance
Shares of NYSE:LEG opened at $10.58 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.33 and a quick ratio of 1.45. The business’s 50 day moving average price is $10.38 and its 200-day moving average price is $10.99. The firm has a market capitalization of $1.44 billion, a PE ratio of 6.57 and a beta of 0.74. Leggett & Platt has a 1 year low of $7.86 and a 1 year high of $13.00.
Leggett & Platt (NYSE:LEG – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). The company had revenue of $918.20 million for the quarter, compared to analyst estimates of $946.79 million. Leggett & Platt had a return on equity of 12.62% and a net margin of 5.69%.The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.24 EPS. As a group, equities research analysts expect that Leggett & Platt will post 0.9 earnings per share for the current fiscal year.
Leggett & Platt Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. Leggett & Platt’s payout ratio is 12.42%.
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.
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