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

Leggett & Platt (NYSE:LEG) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 1.000-1.200 for the period, compared to the consensus EPS estimate of 1.070. The company issued revenue guidance of $4.0 billion-$4.3 billion, compared to the consensus revenue estimate of $4.2 billion.

Leggett & Platt Price Performance

Shares of NYSE LEG traded up $1.70 during mid-day trading on Tuesday, reaching $8.97. The company had a trading volume of 1,859,680 shares, compared to its average volume of 2,525,573. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.14 and a current ratio of 2.00. Leggett & Platt has a one year low of $6.48 and a one year high of $18.39. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -2.41 and a beta of 0.98. The business’s 50-day simple moving average is $7.95 and its 200 day simple moving average is $10.04.

Leggett & Platt (NYSE:LEG) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share. On average, research analysts predict that Leggett & Platt will post 1.14 earnings per share for the current fiscal year.

Leggett & Platt Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 14th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, March 14th. Leggett & Platt’s dividend payout ratio (DPR) is presently -5.36%.

Analyst Ratings Changes

Several analysts have recently issued reports on LEG shares. Piper Sandler reissued a “neutral” rating and issued a $9.00 price target (down previously from $12.00) on shares of Leggett & Platt in a research report on Friday, April 11th. Truist Financial decreased their price target on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, 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 report on Tuesday, January 14th.

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.