Leggett & Platt (LEG) to Release Quarterly Earnings on Monday

Leggett & Platt (NYSE:LEG - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Monday, April 28th. Analysts expect Leggett & Platt to post earnings of $0.24 per share and revenue of $1.02 billion for the quarter. Leggett & Platt has set its FY 2025 guidance at 1.000-1.200 EPS.

Leggett & Platt (NYSE:LEG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. Leggett & Platt had a negative net margin of 11.67% and a positive return on equity of 17.09%. On average, analysts expect Leggett & Platt to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Leggett & Platt Trading Down 1.8 %

Shares of NYSE LEG traded down $0.14 during trading hours on Friday, reaching $7.29. The stock had a trading volume of 313,602 shares, compared to its average volume of 2,487,472. The business's fifty day moving average price is $8.06 and its two-hundred day moving average price is $10.16. The firm has a market cap of $981.54 million, a price-to-earnings ratio of -1.95 and a beta of 0.98. Leggett & Platt has a 52-week low of $6.47 and a 52-week high of $18.39. The company has a current ratio of 2.00, a quick ratio of 1.14 and a debt-to-equity ratio of 2.70.

Leggett & Platt Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 2.75%. Leggett & Platt's dividend payout ratio is currently -5.36%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. The Goldman Sachs Group reduced their price target on Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Piper Sandler reaffirmed a "neutral" rating and set a $9.00 target price (down from $12.00) on shares of Leggett & Platt in a research note on Friday, April 11th. Finally, Truist Financial decreased their price objective on Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th.

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.