Leggett & Platt (NYSE:LEG) Announces Quarterly Earnings Results, Hits Estimates

Leggett & Platt (NYSE:LEG) issued its quarterly earnings data on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21, Zacks reports. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Leggett & Platt had a positive return on equity of 14.99% and a negative net margin of 18.53%. Leggett & Platt updated its FY 2025 guidance to 1.000-1.200 EPS.

Leggett & Platt Price Performance

LEG stock traded up $0.41 during trading on Friday, hitting $10.41. The stock had a trading volume of 3,408,526 shares, compared to its average volume of 1,505,888. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -1.73 and a beta of 1.12. 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 company’s 50 day moving average price is $10.32 and its two-hundred day moving average price is $11.78. Leggett & Platt has a 1-year low of $9.18 and a 1-year high of $21.03.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. The Goldman Sachs Group reduced their price target on shares of Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Piper Sandler raised shares of Leggett & Platt from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $11.00 to $13.00 in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.00.

Leggett & Platt Company Profile

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.