Leggett & Platt Q4 EPS Forecast Reduced by Zacks Research

Leggett & Platt, Incorporated (NYSE:LEG) – Investment analysts at Zacks Research decreased their Q4 2026 earnings per share estimates for shares of Leggett & Platt in a research report issued on Monday, December 8th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.22 per share for the quarter, down from their prior estimate of $0.23. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Leggett & Platt’s current full-year earnings is $1.14 per share.

Several other research firms also recently commented on LEG. Piper Sandler set a $9.00 price objective on shares of Leggett & Platt in a report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Leggett & Platt in a research report on Monday. Truist Financial raised their price target on Leggett & Platt from $10.00 to $12.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $11.00 price objective on shares of Leggett & Platt in a research note on Wednesday, October 29th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $11.00.

Leggett & Platt Stock Performance

Shares of NYSE LEG opened at $11.31 on Wednesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.35 and a current ratio of 2.15. The company has a market cap of $1.53 billion, a P/E ratio of 7.02 and a beta of 0.75. The firm’s fifty day moving average is $9.48 and its two-hundred day moving average is $9.44. Leggett & Platt has a 52-week low of $6.47 and a 52-week high of $12.10.

Leggett & Platt (NYSE:LEG) last released its earnings results on Monday, October 27th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Leggett & Platt had a return on equity of 16.27% and a net margin of 5.38%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm posted $0.32 EPS. Leggett & Platt’s quarterly revenue was down 5.9% compared to the same quarter last year. Leggett & Platt has set its FY 2025 guidance at 1.000-1.100 EPS.

Leggett & Platt Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be issued a $0.05 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. Leggett & Platt’s payout ratio is 12.42%.

Institutional Trading of Leggett & Platt

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Palisade Asset Management LLC purchased a new position in Leggett & Platt during the third quarter worth $29,000. Quent Capital LLC bought a new stake in shares of Leggett & Platt in the 3rd quarter worth about $34,000. Advisory Services Network LLC purchased a new position in shares of Leggett & Platt during the 3rd quarter worth about $51,000. Nisa Investment Advisors LLC purchased a new position in shares of Leggett & Platt during the 2nd quarter worth about $76,000. Finally, State of Wyoming bought a new position in Leggett & Platt during the 1st quarter valued at about $89,000. Hedge funds and other institutional investors own 64.23% of the company’s stock.

About Leggett & Platt

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.