Leggett & Platt (LEG) Set to Announce Quarterly Earnings on Monday

Leggett & Platt (NYSE:LEG) is set to release its earnings data after the market closes on Monday, October 28th. Analysts expect Leggett & Platt to post earnings of $0.33 per share for the quarter. Leggett & Platt has set its FY24 guidance at $1.10-1.25 EPS and its FY 2024 guidance at 1.100-1.250 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Leggett & Platt (NYSE:LEG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Leggett & Platt had a negative net margin of 18.05% and a positive return on equity of 12.65%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. On average, analysts expect Leggett & Platt to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Leggett & Platt Price Performance

Shares of LEG opened at $12.17 on Friday. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -2.05 and a beta of 1.07. The firm’s fifty day simple moving average is $12.79 and its 200-day simple moving average is $12.94. Leggett & Platt has a twelve month low of $10.11 and a twelve month high of $27.58. The company has a current ratio of 1.53, a quick ratio of 0.88 and a debt-to-equity ratio of 2.55.

Leggett & Platt Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, September 13th. Leggett & Platt’s dividend payout ratio is presently -3.36%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com upgraded Leggett & Platt from a “sell” rating to a “hold” rating in a report on Wednesday, August 28th. Truist Financial raised their price objective on shares of Leggett & Platt from $11.00 to $13.00 and gave the stock a “hold” rating in a report on Monday, August 5th. 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 report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, Leggett & Platt has an average rating of “Hold” and a consensus price target of $12.67.

Leggett & Platt Company Profile

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.