Leggett & Platt (LEG) Set to Announce Quarterly Earnings on Tuesday

Leggett & Platt (NYSE:LEG) will release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Leggett & Platt to post earnings of $0.25 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Leggett & Platt (NYSE:LEG) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Leggett & Platt had a positive return on equity of 11.99% and a negative net margin of 2.90%. Leggett & Platt’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. 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 Price Performance

Leggett & Platt stock opened at $17.99 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.84 and a current ratio of 1.49. The firm has a market cap of $2.41 billion, a P/E ratio of -17.99 and a beta of 1.17. The business’s fifty day moving average is $19.12 and its two-hundred day moving average is $22.41. Leggett & Platt has a 52 week low of $17.19 and a 52 week high of $33.50.

Leggett & Platt Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 10.23%. The ex-dividend date of this dividend was Thursday, March 14th. Leggett & Platt’s dividend payout ratio is currently -184.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. StockNews.com lowered Leggett & Platt from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. TheStreet lowered Leggett & Platt from a “c” rating to a “d+” rating in a research note on Monday, March 11th. Finally, Truist Financial cut their price target on Leggett & Platt from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Leggett & Platt has a consensus rating of “Hold” and an average target price of $19.33.

Leggett & Platt Company Profile

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.