Leggett & Platt (LEG) Stock Price, News & Analysis

Company Overview

Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, specialty foam chemicals and additives, innersprings, specialty foam for use in bedding and furniture, private label finished mattresses, ready-to-assemble mattress foundations, static foundations, and adjustable beds, as well as machines for producing innersprings; industrial sewing and quilting machines; mattress-packaging; and glue-drying equipment for various industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, E-commerce retailers, big box retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems; motors and actuators; cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile original equipment manufacturers (OEMs) and suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware; springs and seat suspensions; components and private label finished goods for soft seating; bases, columns, back rests, casters, and frames for office chairs; control devices for chairs; and carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components for manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. Leggett & Platt, Incorporated was founded in 1883 and is headquartered in Carthage, Missouri.

Key Stats

• Today's Range: $11.49 to $11.88
• 50-Day Range: $11.28 to $14.12
• 52-Week Range: $10.11 to $27.58
• Volume: 1.75 million shs
• Average Volume: 1.78 million shs
• Market Capitalization: $1.57 billion
• P/E Ratio: N/A
• Dividend Yield: 1.72%
• Price Target: $12.67
• Consensus Rating: Hold

Leggett & Platt Stock Analysis - MarketRank™

Leggett & Platt scored higher than 71% of companies evaluated by MarketBeat, and ranked 119th out of 285 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Leggett & Platt has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Leggett & Platt has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 12.38%

Earnings Growth

Earnings for Leggett & Platt are expected to grow by 12.38% in the coming year, from $1.05 to $1.18 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Leggett & Platt is -1.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Leggett & Platt is -1.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Leggett & Platt has a P/B Ratio of 2.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.56% of the float of Leggett & Platt has been sold short.

Short Interest Ratio / Days to Cover

Leggett & Platt has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Leggett & Platt has recently decreased by 24.92%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Leggett & Platt pays a meaningful dividend of 1.75%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Leggett & Platt does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Leggett & Platt will have a dividend payout ratio of 16.95% next year. This indicates that Leggett & Platt will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.7 / 5
• Environmental Score: -3.04

Percentage of Shares Shorted

3.56% of the float of Leggett & Platt has been sold short.

Short Interest Ratio / Days to Cover

Leggett & Platt has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Leggett & Platt has recently decreased by 24.92%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.67

News Sentiment

Leggett & Platt has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Leggett & Platt this week, compared to 6 articles on an average week.

Search Interest

8 people have searched for LEG on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.

MarketBeat Follows

7 people have added Leggett & Platt to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Leggett & Platt insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.57% of the stock of Leggett & Platt is held by insiders.

Percentage Held by Institutions

64.23% of the stock of Leggett & Platt is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LEG Stock Analysis - Frequently Asked Questions

How have LEG shares performed this year?

Leggett & Platt's stock was trading at $26.17 at the start of the year. Since then, LEG shares have decreased by 55.4% and is now trading at $11.66.
View the best growth stocks for 2024 here.

How were Leggett & Platt's earnings last quarter?

Leggett & Platt, Incorporated (NYSE:LEG) issued its earnings results on Monday, October, 28th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. The business's revenue was down 6.3% compared to the same quarter last year.
Read the conference call transcript.

Who are Leggett & Platt's major shareholders?

Leggett & Platt's top institutional shareholders include Pacer Advisors Inc. (9.94%), Charles Schwab Investment Management Inc. (3.38%), State Street Corp (3.30%) and Geode Capital Management LLC (1.61%). Insiders that own company stock include Karl G Glassman, Benjamin Michael Burns, Phoebe A Wood, Ryan Michael Kleiboeker, Jennifer Joy Davis and Robert E Brunner.
View institutional ownership trends.

How do I buy shares of Leggett & Platt?

Shares of LEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Leggett & Platt own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Leggett & Platt investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), AUO (AUOTY) and Humana (HUM).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/13/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 10/28/2024
• Today: 11/24/2024
• Ex-Dividend for 1/15 Dividend: 12/13/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025
• Next Earnings (Estimated): 2/13/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Household furniture
• Sub-Industry: Home Furnishings
• Current Symbol: NYSE:LEG
• CUSIP: 52466010
• CIK: 58492
• Web: www.leggett.com
• Phone: (417) 358-8131
• Fax: 417-358-8449
• Employees: 19,300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.67
• High Stock Price Target: $13.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +8.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($6.01)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 11.10
• P/E Growth: N/A
• Net Income: $-136,800,000.00
• Net Margins: -18.53%
• Pretax Margin: -20.72%
• Return on Equity: 14.99%
• Return on Assets: 3.58%

Debt

• Debt-to-Equity Ratio: 2.13
• Current Ratio: 1.48
• Quick Ratio: 0.84

Sales & Book Value

• Annual Sales: $4.73 billion
• Price / Sales: 0.33
• Cash Flow: $2.83 per share
• Price / Cash Flow: 4.12
• Book Value: $5.52 per share
• Price / Book: 2.11

Miscellaneous

• Outstanding Shares: 134,290,000
• Free Float: 132,187,000
• Market Cap: $1.57 billion
• Optionable: Optionable
• Beta: 1.07