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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
NYSE:LEG

Leggett & Platt (LEG) Stock Price, News & Analysis

$17.68
+0.38 (+2.20%)
(As of 04/18/2024 ET)
Today's Range
$17.32
$17.68
50-Day Range
$17.31
$23.28
52-Week Range
$17.19
$33.50
Volume
1.29 million shs
Average Volume
1.65 million shs
Market Capitalization
$2.36 billion
P/E Ratio
N/A
Dividend Yield
10.41%
Price Target
$19.33

Leggett & Platt MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
9.4% Upside
$19.33 Price Target
Short Interest
Bearish
6.33% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.04
Upright™ Environmental Score
News Sentiment
0.42mentions of Leggett & Platt in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.82%
From $1.17 to $1.32 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.09 out of 5 stars

Consumer Discretionary Sector

147th out of 253 stocks

Household Furniture Industry

6th out of 8 stocks

LEG stock logo

About Leggett & Platt Stock (NYSE:LEG)

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. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems; motors and actuators; cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile original equipment manufacturers (OEMs) and suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware; springs and seat suspensions; components and private label finished goods for soft seating; bases, columns, back rests, casters, and frames for office chairs; control devices for chairs; and carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components for manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. Leggett & Platt, Incorporated was founded in 1883 and is headquartered in Carthage, Missouri.

LEG Stock Price History

LEG Stock News Headlines

LEGGETT & PLATT ANNOUNCES 1Q 2024 EARNINGS CALL
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Leggett & Platt (NYSE:LEG) Sets New 12-Month Low at $17.75
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
11 Best Beaten Down Dividend Stocks to Invest in Now
Power 50: Phoebe Wood
The 3 Highest-Yielding Dividend Kings for March 2024
LEGGETT & PLATT AMENDS CREDIT AGREEMENT
Leggett & Platt: 2 High-Yield Income Options
Ishmael Leggett Would Not Let Pitt Die
Why Leggett & Platt Stock Fell Today
LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.46
See More Headlines
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Company Calendar

Last Earnings
2/09/2024
Ex-Dividend for 4/15 Dividend
3/14/2024
Dividend Payable
4/15/2024
Today
4/18/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
Home Furnishings
CUSIP
52466010
Employees
19,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.33
High Stock Price Target
$24.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+10.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$-136,800,000.00
Pretax Margin
-3.67%

Debt

Sales & Book Value

Annual Sales
$4.73 billion
Cash Flow
$2.80 per share
Book Value
$10.01 per share

Miscellaneous

Free Float
131,630,000
Market Cap
$2.34 billion
Optionable
Optionable
Beta
1.17
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Key Executives

  • Mr. J. Mitchell Dolloff (Age 58)
    CEO, President & Director
    Comp: $2.56M
  • Mr. Steven K. Henderson (Age 63)
    Executive VP and President of Specialized Products & Furniture, Flooring & Textile Products
    Comp: $1.11M
  • Mr. J. Tyson Hagale (Age 46)
    Executive VP & President of Bedding Products
    Comp: $903.76k
  • Mr. Benjamin M. Burns (Age 46)
    Executive VP & CFO
  • Ms. Tammy M. Trent (Age 58)
    Senior VP & Chief Accounting Officer
  • Mr. Michael W. Blinzler
    VP & Chief Information Officer
  • Ms. Jennifer Joy Davis (Age 48)
    Executive VP & General Counsel
  • Ms. Christina A. Ptasinski (Age 64)
    Executive Vice President & Chief HR Officer
  • Mr. Charles P. Hutchins
    VP & Chief Tax Officer
  • Mr. Darrel E. Wild
    VP & Chief Credit Officer

LEG Stock Analysis - Frequently Asked Questions

Should I buy or sell Leggett & Platt stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Leggett & Platt in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" LEG shares.
View LEG analyst ratings
or view top-rated stocks.

What is Leggett & Platt's stock price target for 2024?

3 Wall Street research analysts have issued twelve-month target prices for Leggett & Platt's stock. Their LEG share price targets range from $16.00 to $24.00. On average, they anticipate the company's stock price to reach $19.33 in the next year. This suggests a possible upside of 9.4% from the stock's current price.
View analysts price targets for LEG
or view top-rated stocks among Wall Street analysts.

How have LEG shares performed in 2024?

Leggett & Platt's stock was trading at $26.17 on January 1st, 2024. Since then, LEG shares have decreased by 32.4% and is now trading at $17.68.
View the best growth stocks for 2024 here
.

Are investors shorting Leggett & Platt?

Leggett & Platt saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 8,300,000 shares, an increase of 17.1% from the March 15th total of 7,090,000 shares. Based on an average daily volume of 1,700,000 shares, the days-to-cover ratio is presently 4.9 days. Currently, 6.3% of the company's stock are short sold.
View Leggett & Platt's Short Interest
.

When is Leggett & Platt's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our LEG earnings forecast
.

How can I listen to Leggett & Platt's earnings call?

Leggett & Platt will be holding an earnings conference call on Wednesday, May 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) announced its quarterly earnings data on Friday, February, 9th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.01. The company earned $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Leggett & Platt had a positive trailing twelve-month return on equity of 11.99% and a negative net margin of 2.90%. The company's quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share.
Read the conference call transcript
.

How often does Leggett & Platt pay dividends? What is the dividend yield for Leggett & Platt?

Leggett & Platt declared a quarterly dividend on Tuesday, February 27th. Investors of record on Friday, March 15th will be given a dividend of $0.46 per share on Monday, April 15th. This represents a $1.84 annualized dividend and a yield of 10.41%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for LEG
.

Is Leggett & Platt a good dividend stock?

Leggett & Platt (NYSE:LEG) pays an annual dividend of $1.84 per share and currently has a dividend yield of 10.64%. LEG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for LEG.

What guidance has Leggett & Platt issued on next quarter's earnings?

Leggett & Platt issued an update on its FY 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 1.050-1.350 for the period, compared to the consensus earnings per share estimate of 1.360. The company issued revenue guidance of $4.4 billion-$4.7 billion, compared to the consensus revenue estimate of $4.7 billion.

What is Karl G. Glassman's approval rating as Leggett & Platt's CEO?

59 employees have rated Leggett & Platt Chief Executive Officer Karl G. Glassman on Glassdoor.com. Karl G. Glassman has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Leggett & Platt own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Leggett & Platt investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), AbbVie (ABBV), Chevron (CVX), McDonald's (MCD), 3M (MMM), PepsiCo (PEP), Pfizer (PFE) and Walmart (WMT).

Who are Leggett & Platt's major shareholders?

Leggett & Platt's stock is owned by a number of institutional and retail investors. Top institutional investors include Arden Trust Co (0.05%), Richard P Slaughter Associates Inc (0.05%), Arbor Wealth Advisors LLC (0.04%), IMC Chicago LLC (0.00%), Agate Pass Investment Management LLC (0.03%) and Radnor Capital Management LLC (0.01%). Insiders that own company stock include Joseph W Mcclanathan, Judy C Odom, Karl G Glassman, Kimberly Rutledge, Phoebe A Wood, Robert E Brunner and Susan R Mccoy.
View institutional ownership trends
.

How do I buy shares of Leggett & Platt?

Shares of LEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LEG) was last updated on 4/18/2024 by MarketBeat.com Staff

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