Zacks Research Forecasts Higher Earnings for Leggett & Platt

Leggett & Platt, Incorporated (NYSE:LEG) – Equities research analysts at Zacks Research increased their Q2 2027 earnings estimates for Leggett & Platt in a research note issued on Tuesday, July 21st. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.30 for the quarter, up from their previous estimate of $0.29. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Leggett & Platt’s current full-year earnings is $0.90 per share. Zacks Research also issued estimates for Leggett & Platt’s Q4 2027 earnings at $0.25 EPS, FY2027 earnings at $1.08 EPS and FY2028 earnings at $1.20 EPS.

Leggett & Platt (NYSE:LEG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). The business had revenue of $918.20 million during the quarter, compared to analysts’ expectations of $946.79 million. Leggett & Platt had a net margin of 5.69% and a return on equity of 12.62%. Leggett & Platt’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS.

A number of other research analysts have also recently issued reports on LEG. Truist Financial reduced 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. Weiss Ratings upgraded Leggett & Platt from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.33.

Leggett & Platt Stock Performance

Leggett & Platt stock opened at $10.71 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $1.46 billion, a PE ratio of 6.65 and a beta of 0.71. The firm has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $11.00. Leggett & Platt has a twelve month low of $7.86 and a twelve month high of $13.00.

Leggett & Platt Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.20 annualized dividend and a yield of 1.9%. Leggett & Platt’s dividend payout ratio is presently 12.42%.

Institutional Investors Weigh In On Leggett & Platt

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Leggett & Platt by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 18,990,042 shares of the company’s stock valued at $208,890,000 after acquiring an additional 282,940 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Leggett & Platt by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 3,173,733 shares of the company’s stock worth $34,917,000 after purchasing an additional 183,218 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Leggett & Platt by 22.7% during the 1st quarter. Quantinno Capital Management LP now owns 3,023,884 shares of the company’s stock valued at $29,876,000 after purchasing an additional 559,868 shares during the period. Invenomic Capital Management LP increased its holdings in Leggett & Platt by 4.0% during the 4th quarter. Invenomic Capital Management LP now owns 2,437,519 shares of the company’s stock valued at $26,813,000 after purchasing an additional 93,213 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Leggett & Platt by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,123,623 shares of the company’s stock valued at $23,360,000 after purchasing an additional 98,430 shares during the last quarter. Institutional investors own 64.23% of the company’s stock.

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.