Leggett & Platt (NYSE:LEG) Releases Quarterly Earnings Results, Meets Estimates

Leggett & Platt (NYSE:LEG - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21, Zacks reports. Leggett & Platt had a positive return on equity of 14.99% and a negative net margin of 18.53%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Leggett & Platt updated its FY 2025 guidance to 1.000-1.200 EPS.

Leggett & Platt Stock Up 4.0 %

LEG stock traded up $0.41 on Monday, hitting $10.41. 3,408,526 shares of the company's stock were exchanged, compared to its average volume of 1,505,888. Leggett & Platt has a 12-month low of $9.18 and a 12-month high of $21.03. The firm has a 50 day moving average price of $10.29 and a two-hundred day moving average price of $11.74. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.84 and a current ratio of 1.48. The stock has a market cap of $1.40 billion, a P/E ratio of -1.73 and a beta of 1.12.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LEG shares. Piper Sandler upgraded Leggett & Platt from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $11.00 to $13.00 in a report on Wednesday, October 30th. Truist Financial cut their price target on 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 dropped their target price on Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and an average 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.