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

Leggett & Platt (NYSE:LEG - Get Free Report) will likely be announcing its earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $1.03 billion for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Leggett & Platt Trading Down 1.3 %

LEG traded down $0.13 during midday trading on Friday, hitting $9.98. 2,041,975 shares of the company were exchanged, compared to its average volume of 1,505,888. The firm's 50 day moving average price is $10.53 and its 200-day moving average price is $11.87. Leggett & Platt has a 1-year low of $9.18 and a 1-year high of $23.34. The firm has a market capitalization of $1.34 billion, a P/E ratio of -1.66 and a beta of 1.12. The company has a quick ratio of 0.84, a current ratio of 1.48 and a debt-to-equity ratio of 2.13.

Analyst Upgrades and Downgrades

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