Leggett & Platt (NYSE:LEG - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.000-1.200 for the period, compared to the consensus earnings per share estimate of 1.190. The company issued revenue guidance of $4.0 billion-$4.3 billion, compared to the consensus revenue estimate of $4.3 billion.
Leggett & Platt Stock Performance
Leggett & Platt stock traded up $0.41 during trading hours on Monday, hitting $10.41. The company had a trading volume of 3,408,526 shares, compared to its average volume of 1,505,888. The firm has a market cap of $1.40 billion, a PE ratio of -1.73 and a beta of 1.12. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.48 and a quick ratio of 0.84. Leggett & Platt has a one year low of $9.18 and a one year high of $21.03. The firm has a 50-day moving average of $10.29 and a 200 day moving average of $11.74.
Leggett & Platt (NYSE:LEG - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. Leggett & Platt had a negative net margin of 18.53% and a positive return on equity of 14.99%. On average, sell-side analysts expect that Leggett & Platt will post 1.05 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts have weighed in on LEG shares. Truist Financial lowered their price target on shares of Leggett & Platt from $13.00 to $11.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. The Goldman Sachs Group decreased 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 report on Tuesday, January 14th. Finally, Piper Sandler upgraded shares of Leggett & Platt from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $11.00 to $13.00 in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Leggett & Platt currently has a consensus rating of "Hold" and an average target price of $12.00.
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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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