Leggett & Platt (NYSE:LEG) Issues Quarterly Earnings Results, Meets Estimates

Leggett & Platt (NYSE:LEG) posted its quarterly earnings data on Thursday. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21, Zacks reports. 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 14.99% and a negative net margin of 18.53%. Leggett & Platt updated its FY 2025 guidance to 1.000-1.200 EPS.

Leggett & Platt Price Performance

Leggett & Platt stock traded up $0.41 during midday trading on Friday, reaching $10.41. The company’s stock had a trading volume of 3,408,526 shares, compared to its average volume of 1,505,888. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.84 and a current ratio of 1.48. Leggett & Platt has a fifty-two week low of $9.18 and a fifty-two week high of $21.03. The firm has a market capitalization of $1.40 billion, a PE ratio of -1.73 and a beta of 1.12. The stock’s 50 day simple moving average is $10.32 and its 200 day simple moving average is $11.78.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LEG. Truist Financial cut their price target on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group cut their price objective on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, Piper Sandler raised shares of Leggett & Platt from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $11.00 to $13.00 in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.00.

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.