Leggett & Platt (NYSE:LEG) Issues Earnings Results

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

Leggett & Platt Stock Up 4.0 %

Shares of NYSE LEG traded up $0.41 during midday trading on Monday, hitting $10.41. The stock had a trading volume of 3,408,526 shares, compared to its average volume of 1,505,888. The business's 50 day moving average is $10.29 and its 200-day moving average is $11.74. The company has a market cap of $1.40 billion, a P/E ratio of -1.73 and a beta of 1.12. Leggett & Platt has a 52 week low of $9.18 and a 52 week high of $21.03. The company has a quick ratio of 0.84, a current ratio of 1.48 and a debt-to-equity ratio of 2.13.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LEG. Piper Sandler upgraded shares of Leggett & Platt from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $11.00 to $13.00 in a research note on Wednesday, October 30th. The Goldman Sachs Group dropped their target price on shares of Leggett & Platt from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Finally, Truist Financial dropped their target price on shares of Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently 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.