Leggett & Platt (NYSE:LEG) Updates FY 2025 Earnings Guidance

Leggett & Platt (NYSE:LEG) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.000-1.200 for the period, compared to the consensus estimate of 1.190. The company issued revenue guidance of $4.0 billion-$4.3 billion, compared to the consensus revenue estimate of $4.3 billion.

Leggett & Platt Trading Up 2.7 %

Shares of LEG stock opened at $9.99 on Friday. Leggett & Platt has a 1-year low of $9.18 and a 1-year high of $21.03. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.48 and a quick ratio of 0.84. The stock has a 50-day moving average of $10.38 and a 200-day moving average of $11.81.

Leggett & Platt (NYSE:LEG) last released its earnings results on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Leggett & Platt had a negative net margin of 18.53% and a positive return on equity of 14.99%. As a group, analysts expect that Leggett & Platt will post 1.05 earnings per share for the current year.

Analysts Set New Price Targets

LEG has been the topic of several recent analyst reports. Piper Sandler upgraded shares of Leggett & Platt from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $11.00 to $13.00 in a report on Wednesday, October 30th. Truist Financial dropped 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 Wednesday, January 29th. Finally, The Goldman Sachs Group decreased their target price on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Leggett & Platt currently has an average rating of “Hold” and a consensus price target of $12.00.

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.