Brokers Offer Predictions for Leggett & Platt Q1 Earnings

Leggett & Platt, Incorporated (NYSE:LEG) – Investment analysts at Zacks Research cut their Q1 2025 earnings per share (EPS) estimates for shares of Leggett & Platt in a research note issued on Tuesday, April 22nd. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $0.24 for the quarter, down from their previous forecast of $0.25. The consensus estimate for Leggett & Platt’s current full-year earnings is $1.14 per share.

LEG has been the topic of a number of other reports. The Goldman Sachs Group decreased their price objective on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Truist Financial decreased their price target on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $9.00 price objective (down from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th.

Leggett & Platt Stock Performance

Leggett & Platt stock opened at $7.42 on Thursday. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 2.70. Leggett & Platt has a twelve month low of $6.48 and a twelve month high of $18.39. The company’s 50-day moving average price is $8.06 and its 200-day moving average price is $10.16. The company has a market cap of $999.73 million, a PE ratio of -1.99 and a beta of 0.98.

Leggett & Platt (NYSE:LEG) last posted its earnings results on Thursday, February 13th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%.

Leggett & Platt Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 14th were issued a $0.05 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 2.70%. Leggett & Platt’s payout ratio is -5.36%.

Hedge Funds Weigh In On Leggett & Platt

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Leggett & Platt by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 15,478,476 shares of the company’s stock worth $148,593,000 after purchasing an additional 722,024 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Leggett & Platt during the fourth quarter worth approximately $5,858,000. Invenomic Capital Management LP raised its stake in shares of Leggett & Platt by 64.6% during the fourth quarter. Invenomic Capital Management LP now owns 1,517,156 shares of the company’s stock valued at $14,565,000 after acquiring an additional 595,684 shares in the last quarter. Seven Six Capital Management LLC bought a new stake in shares of Leggett & Platt during the fourth quarter valued at approximately $5,627,000. Finally, Trexquant Investment LP boosted its holdings in shares of Leggett & Platt by 89.0% in the fourth quarter. Trexquant Investment LP now owns 1,177,891 shares of the company’s stock valued at $11,308,000 after purchasing an additional 554,814 shares during the period. Hedge funds and other institutional investors own 64.23% of the company’s stock.

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.