Leggett & Platt, Incorporated (NYSE:LEG - Get Free Report) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.05 per share on Tuesday, April 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Friday, March 14th.
Leggett & Platt has decreased its dividend payment by an average of 28.4% annually over the last three years. Leggett & Platt has a dividend payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Leggett & Platt to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 16.1%.
Leggett & Platt Stock Performance
Shares of Leggett & Platt stock traded up $0.02 during trading hours on Friday, hitting $9.16. 2,588,772 shares of the company's stock traded hands, compared to its average volume of 1,807,799. The company has a fifty day simple moving average of $10.06 and a 200-day simple moving average of $11.56. Leggett & Platt has a 12-month low of $8.95 and a 12-month high of $21.03. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.45 and a beta of 1.12. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.00 and a quick ratio of 1.14.
Leggett & Platt (NYSE:LEG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Leggett & Platt had a positive return on equity of 17.09% and a negative net margin of 11.67%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Equities research analysts anticipate that Leggett & Platt will post 1.14 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently weighed in on LEG. The Goldman Sachs Group decreased their price objective on Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Truist Financial cut their target price 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. Four analysts have rated the stock with a hold rating, According to MarketBeat, Leggett & Platt presently has a consensus rating of "Hold" and a consensus price target of $12.00.
Read Our Latest Analysis on LEG
About Leggett & Platt
(
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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.
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