Leggett & Platt (NYSE:LEG) Issues FY 2026 Earnings Guidance

Leggett & Platt (NYSE:LEG) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.000-1.200 for the period, compared to the consensus earnings per share estimate of 1.080. The company issued revenue guidance of $3.8 billion-$4.0 billion, compared to the consensus revenue estimate of $3.9 billion.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wall Street Zen raised Leggett & Platt from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Leggett & Platt in a research note on Monday, December 29th. Truist Financial upped their target price on shares of Leggett & Platt from $10.00 to $12.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. Zacks Research downgraded shares of Leggett & Platt from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $11.00 price objective on shares of Leggett & Platt in a research report on Wednesday, October 29th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.67.

Leggett & Platt Trading Up 2.5%

NYSE LEG opened at $11.74 on Friday. The company has a market cap of $1.59 billion, a P/E ratio of 6.94 and a beta of 0.72. Leggett & Platt has a 12 month low of $6.47 and a 12 month high of $13.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.25 and a quick ratio of 1.35. The company has a 50-day moving average of $11.78 and a 200-day moving average of $10.19.

Leggett & Platt (NYSE:LEG) last released its earnings results on Wednesday, February 11th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Leggett & Platt had a net margin of 5.80% and a return on equity of 15.00%. The business had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $938.74 million. During the same period last year, the company earned $0.21 earnings per share. The company’s quarterly revenue was down 11.2% on a year-over-year basis. As a group, equities analysts predict that Leggett & Platt will post 1.14 earnings per share for the current year.

Key Stories Impacting Leggett & Platt

Here are the key news stories impacting Leggett & Platt this week:

• Positive Sentiment: Q4 earnings showed profit resilience: EPS matched expectations at $0.22 and reported operating improvements boosted year-over-year earnings performance — a constructive signal for near-term cash generation and margins. Leggett & Platt Q4 2025 Sales Down 11%, Earnings Up 77%
• Positive Sentiment: An institutional buyer recently built a roughly $10.5M stake, signaling investor interest despite top-line weakness — this can provide buying support and attract attention from other holders. Leggett & Platt Sales Fell 7% to $4.05 Billion. One Fund Just Built a $10.5 Million Stake Anyway
• Neutral Sentiment: FY2026 EPS guidance of $1.00–$1.20 roughly brackets the Street (consensus ~ $1.08), so guidance is essentially in line but conservative on the upside; investors will watch execution against restructuring targets. Leggett & Platt, Incorporated Q4 2025 Earnings Call Summary
• Neutral Sentiment: The company formalized a $3.8B–$4.0B 2026 sales target tied to portfolio streamlining and restructuring benefits — this shows a plan but implies modest top-line contraction from prior levels; investors will focus on margin gains and free cash flow. Leggett & Platt outlines $3.8B–$4.0B 2026 sales target amid portfolio streamlining and restructuring benefits
• Neutral Sentiment: Management tone and Q&A from the earnings call / transcript provide detail on cost saves and portfolio moves; useful for judging whether margin gains can offset revenue decline. Leggett and Platt LEG Q4 2025 Earnings Transcript
• Negative Sentiment: Revenue weakness continues: full-year sales fell roughly 7% to $4.05B and Q4 revenue was down ~11% year-over-year — top-line softness is the principal risk to sustained earnings growth. Leggett & Platt Sales Fell 7% to $4.05 Billion. One Fund Just Built a $10.5 Million Stake Anyway
• Negative Sentiment: A recent Seeking Alpha downgrade framed the company as a “cigar butt” with limited upside versus operational and cyclical risks — negative analyst commentary can amplify selling pressure if other investors agree. Leggett & Platt: This Cigar Butt Doesn’t Offer Enough Puffs (Downgrade)

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LEG. Palisade Asset Management LLC acquired a new position in Leggett & Platt during the 3rd quarter worth approximately $29,000. Advisory Services Network LLC purchased a new stake in shares of Leggett & Platt during the third quarter valued at approximately $51,000. Captrust Financial Advisors acquired a new position in shares of Leggett & Platt during the second quarter worth $91,000. PDT Partners LLC purchased a new position in shares of Leggett & Platt in the second quarter valued at $94,000. Finally, Freestone Grove Partners LP purchased a new position in shares of Leggett & Platt in the third quarter valued at $98,000. 64.23% of the stock is owned by hedge funds and other institutional investors.

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.